Binance Offers Token Rewards for Testing New Decentralized Platform

Major cryptocurrency exchange Binance is offering a reward for testing the company’s new decentralized trading platform Binance DEX. The news was announced by Binance CEO Changpeng Zhao in a tweet on Feb. 28. In the post, Changpeng Zhao, who also goes by CZ, invites users to test the recently launched exchange and thus help start the mainnet faster. Users will subsequently be rewarded with Binance’s native token, Binance Coin (BNB). Zhao wrote: “To test the hell out of @Binance_DEX, we are giving away roughly $100,000 USD equivalent, in REAL $BNB,…

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Securities Lawsuit Against Ripple to Stay in Federal Court

An ongoing securities lawsuit against payment startup Ripple will stay in federal court, per a recent ruling. The news was announced by lawyer Jake Chervinsky in a tweet on Mar. 1. “The Court has denied the plaintiffs’ motions to remand. This means the case stays in federal court, a minor but meaningful victory for Ripple,” Chervinsky wrote in the post. The ruling reads that United States District Judge Phyllis J. Hamilton, of the Northern District of California, has ordered that the class action suit against Ripple Labs, its subsidiary XRP…

Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin Cash, Stellar, Tron, Binance Coin, Bitcoin SV: Price Analysis, March 1

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Social media giant Facebook plans to leverage its massive user base of more than 2.7 billion for the success of its crypto project that aims to integrate Instagram, Facebook Messenger and WhatsApp under one canopy. According to the New York Times’ sources, the…

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Blockchain and Crypto Firms in Malta Face Difficulty in Finding Banking Services

Blockchain companies in Malta are reportedly struggling with opening bank accounts, local news outlet the Times of Malta reported on Mar. 1. The Times of Malta allegedly contacted a number of legal firms and financial companies, who confirmed that banks were declining their applications to open bank accounts, saying that it was beyond their “risk appetite.” The sources reportedly said that banks did not differentiate between digital currency and blockchain, though they were not always connected. Parliamentary Secretary for Financial Services Silvio Schembri reportedly told the Times of Malta that…

Rhode Island Bill Would Exclude Some Tokens From Securities Laws

A bill in the state legislature of the United States state of Rhode Island would exclude “blockchain tokens” from state securities laws. The bill was introduced in the legislature on Feb. 27. The bipartisan bill H5595 proposes a series of amendments to the Rhode Island Securities Act, under which “a developer or seller of an open blockchain token shall not be deemed the issuer of a security,” should certain conditions be met. The token must be used for a “consumptive purpose” that is exclusively exchangeable for “the receipt of, goods,…

‘Biometric Blockchain ATMs’ Scan Your Face to Fight Dark Web Card Fraud

Cutting-edge blockchain ATM prototypes are being rolled out in Saudi Arabia with a unique take on granting users access to funds. The ATMs use biometric scanners to scan the face of each account holder as part of a five-factor authentication process secured by a blockchain app being used by the largest ATM provider in the Middle East. Biometric Facial Recognition With Blockchain Face-scanning verification has the potential to make PIN codes obsolete. Source: CCN / Conor MaloneyThe ATMs are the result of a partnership between Alhamrani Universal (AU) and blockchain…