The “fully decentralized” blockchain/artificial intelligence startup Raven Protocol plans to sell 300 million Raven tokens on Binance’s recently launched decentralized exchange Binance DEX. The token sale is being dubbed an “initial DEX offering.”
Binance’s new trading platform, Binance US, will specifically target North American customers. However, very little is known about Binance’s partner, BAM Trading Services, which is said to be the platform’s operator.
After Bittrex was denied a BitLicense for allegedly allowing users from sanctioned nations to use the platform, and after Bitfinex was issued a court order by the New York Attorney General for allegedly covering up an $850 million loss, both exchanges appear to be ramping up their KYC protocols for both new and current users.
McAfeeMagic.com, John McAfee’s own cryptocurrency trading platform, is hosted on Amazon Web Services servers that come with DDoS protection. Users will be able to manually or automatically buy and sell crypto on multiple exchanges from a single dashboard.
Ethfinex and its DAO, EfxDAO, will work to build a “decentralized government” that Ethfinex hopes will make it harder for regulatory agencies to crack down on the exchange.
Two weeks before Beaxy Digital LTD was scheduled to begin trading, the crypto exchange experienced a SIM swap hack. According to the exchange, nothing was stolen, and it’s set to launch with revamped security.
Keeping the DAO flame burning, Gnosis and DAOstack have raised $12 million from anonymous investors as the two companies attempt to get the dxDAO project up and running.
After a security audit revealed a backdoor malware threat that could have resulted in the loss of user funds, Komodo used the same backdoor to save 96 bitcoin and 8 million Komodo tokens.
The Binance GBP will be 100% backed by the British pound, and, similar to Tether, the exchange will make money off interest on fiat deposits.