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Binance Slapped with lawsuit over claims of facilitating money through KYC services 

Quick Take 1 minute read Know your customer requirements for Binance are currently being targeted by the current owners of a Japanese crypto platform, Zaif.  Industry veterans will know that this platform got hacked not two years ago. Know your customer requirements for Binance are currently being attacked by the current owners of a Japanese crypto platform, Zaif. Industry veterans will know that this platform got hacked not two years ago. According to plaintiffs, the weak KYC requirements and the high daily limit facilitated the laundering of $60 million stolen from the Japanese platform. This month, a lawsuit was filed...

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Block Dx Review: Global Decentralized Exchange

When blockchain technology first came around, it opened the way for the creation of decentralized systems. With decentralized systems, there evolved issues, with security and access being the main concerns to existing traders and potential traders. For the crypto world to fully achieve its initial goal of decentralization, these issues needed to be looked into. Block Dx was developed and released to address and curb these problems. The Block Dx platform is arguably the fastest, most trustless, and most decentralized exchange (DEX) which operates on Blocknet Protocol. What is Block Dx Block Dx is a decentralized, trustless exchange platform that...

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Catherine Coley of Binance.US suggests crypto could help in more ways than one during the pandemic

Quick Take 1 minute read Catherine Coley has recently said that adopting cryptocurrency could be one of the only ways for businesses and companies to somewhat resist the pandemic in the future. Speaking in an interview earlier this week, the CEO said that cryptocurrency has the ability to offer uses beyond the speculation in which investors could engage in e-commerce transactions and push new companies and other real-world applications. The chief executive officer of the United States arm of the Binance crypto platform, Catherine Coley has recently said that adopting cryptocurrency could be one of the only ways for businesses...

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A detailed history of bitcoin: Media reception to current day perception and acceptance

While the advent of the distributed ledger technology and the bitcoin network can be pinned to 2008/2009, it remained relatively under the radar and received very little media attention till around 2011. The world was recovering from what was described by many as the worst depression in the modern era. Understandably, no one was looking to take risks. However, in 2011, the New York Times published an article on "what is Cryptocurrency," and there was a growing sense of awareness on social media networks, especially Twitter. In the same year, BTC/USD prices surpassed EUR/USD prices and eventually went on to...

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EXMO Exchange Lists Low Volatility Token Sögur (SGR)

UK-based cryptocurrency exchange EXMO commenced trading for Sögur (SGR) on Sept 18, following the announcement of the token’s listing one day earlier. Sögur, which aims to deliver  self-sustaining, fairly governed global currency tools, has commenced trading against Bitcoin, Tether and EXMO’s in-house platform token (EXMO). The new listing for Sögur follows hot on the heels of a project rebrand which saw its name changed from Saga (SGA). The rebrand coincides with a vote by Sögur’s token holders to fasttrack the activation of the protocol’s bonding curve mechanism, which is designed to quell price volatility. Sögur (SGR) Goes Live on EXMO...

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