The Demo Version of Binance’s Decentralized Exchange Will Soon Be Out

Following the example of Bithumb, the major cryptocurrency trading platform Binance is planning to launch a decentralized branch. Binance DEX will officially start operating at the beginning of 2019, whereas the demo version will be available for testing quite soon.

As it can be seen from the introductory video, the interface of Binance DEX is quite similar to that of Binance. However, some upgrades will certainly take place. For example, the decentralized version of Binance will have a blockchain explorer which will help to look for a specific block and the transactions stores there.

Also, Binance DEX will include a decentralized crypto wallet app.

A decentralized exchange is not the only endeavour undertaken by Binance. We remind you:

Binance Is Launching a Marketplace for Stablecoins

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South Korea Launches Remittance App Using Ripple’s Blockchain Technology For The First Time

One of the biggest South Korean crypto exchanges, Coinone, has presented a new web service and a remittance app called Cross. It uses RippleNet for providing faster and cheaper payment services for citizens of the Kingdom of Thailand and the Republic of the Philippines.

To release this payment service, Coinone Transfer, a subsidiary of Coinone, utilized Ripple’s blockchain technology, as well as Siam Commercial Bank (Thailand) and Cebuana Lhuillier (Philippines).

Ripple emphasized that Cross does “not rely on traditional banking rails,” i.e. comparing to other remittance options, Cross plays in an absolutely different league.

The press-release also stated that South Korean remittance services had been limited due to high fee for overseas transactions. Cross, by contrast, provides a total transaction fee of 1%. Moreover, it offers “bulletproof security” for customers.

We remind you

SWIFT Created A New Payment System To Protect Blockchain and FinTechs Provided By Ripple, JP Morgan, and Transferwise

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A Sextortion Crypto Scam Makes the Victims Lose Their Bitcoins

According to the research conducted by the company ProofPoint, specializing in cyber security, the residents of the US are now suffering from a major sextortion fraud scheme, involving Bitcoin.

The scam is pretty basic: a victim receives an email which claims that the criminals have dirt on him/her with a link to the alleged compromising info. In reality, this link leads to malicious software which is automatically installed to the device of a victim. After that, the person is required to pay 500 dollars in BTC or Dash, otherwise the compromising video will be posted online.

The company warns the users about the danger and encourages not to fall for the scammers’ blackmailing, moreover, not to open any links sent by them.

We remind you:

Crypto Scammers Attack Porn Lovers

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Kraken Is Gathering Investors for Its 4 Billion Private Offering

As it has been reported by Finance Magnates, a major US cryptocurrency exchange Kraken has send out a bunch of emails to the most influential figures in the financial world, inviting them to take part in Kraken’s upcoming private listing.

Kraken is going to put up 4 billion worth of listing shares with a minimum investment amount of 100 thousand dollars. The representatives of the exchange emphasize the fact that Kraken is in no desperate need of money, though the current downward trend at the market makes them take precaution measures.

All the potential investors will have to fill out a survey, afterwards they will be evaluated by Kraken. Only then, they will be able to participate in the offering.

We remind you:

A Cryptocurrency Exchange Kraken Will No Longer Provide Its Services to Residents of Japan

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Samsung Galaxy 10 Will Not Have an Inbuilt Crypto Wallet

After the South Korean electronic devices giant Samsung filed three patent applications for crypto and blockchain-related software, the rumours started that the company is planning to incorporate a cold crypto wallet in one of its main upcoming releases – Samsung Galaxy 10.

Samsung’s cryptocurrency service will essentially have two parts. A cold wallet for saving cryptocurrency and a crypto wallet for transfers,” claimed a Samsung news site.

Nevertheless, the official representatives of the company shared in a private talk with the Cointelegraph that the following news were no more than speculation and gossip. Thus, we can now be sure: although, Samsung is actually researching and probably planning to incorporate crypto and blockchain into its products, there will be no crypto wallet in the phone Galaxy 10.

We remind you:

Samsung Created a Blockchain Platform for Banks

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The Bitcoin SV Mining Pool Was Attacked by Scammers

Some crypto scammers tried to pull off one of the most popular fraudster tricks. They created a copy of the site of a large BSV mining pool – SVPool. The two sites looked identical, the only difference from the real one could be noticed in the URL. The criminals promised to sell BSV hashing power in exchange for Bitcoins. Luckily, the management of SVPool quickly detected the scam and informed their users about it. The official message said:

When clicking through the dupe site, many of the pages results in a 404 error, and in some cases, it takes you to their registrar’s error page. The site uses SVPool’s genuine social media handles to make things look at authentic as possible.”

Most of the crypto platforms now remind people to be careful and check the sites they are using thoroughly before spending their money. We remind you:

The Police of India Uncovered a 60-Million-Dollar Crypto Scam

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Bitmain Closed Its Branch In Israel Due To Crypto Market Situation

Chinese mining giant, Bitmain, has closed its branch Bitmaintech Israel in Ra’anana. It was set up two years ago as a company which specialized in developing blockchain technology, AI technology and controlled one of the mining pools Connect BTC in Israel.

The branch was headed by Gadi Glikberg, who held the title of VP International Sales and Marketing. He and his 23 employees will be laid off.  The reason of closing the branch is that Bitcoin trading price fell down by more than 80% since its all-time high, while Ripple’s XRP and Ethereum decreased by more than 90% since the peak of their prices.

Glikberg commented on the situation: “The crypto market has undergone a shake-up in the past few months, which has forced Bitmain to examine its various activities around the globe and to refocus its business in accordance with the current situation.”

We remind you:

Is Bitmain Really Dying, or How Much Money Was Lost in 2018?

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