Binance & LCX create crypto-fiat exchange platform in Liechtenstein
Liechtenstein Cryptoassets Exchange is collaborating with Binance to launch a crypto-fiat exchange platform in Liechtenstein. The platform will initially offer trade between Swiss Francs and Euros against Bitcoin, adding more pairs post regulatory approvals.
An experienced team from Binance will deploy the platform & be responsible for maintenance of the platform. The LCX team will be providing the required support activities including customer support, legal necessities, KYC and AML. The CEO & Founder of Binance, Changpeng Zhao said: “I believe Binance LCX will create a sustainable and reliable fiat-crypto gateway for professional and regular investors alike. I hope Binance LCX will drive new standards for usability and compliance for the blockchain industry.”
Coinbase files patent for secure Bitcoin payments system
A newly published Coinbase patent outlines a way of making Bitcoin purchases more secure for customers, using a payment portal which would allow users to pay using Bitcoin directly from their digital wallet. “It may be a security concern for users that the private keys of their Bitcoin addresses may be stolen from their wallets,” the patent stated. “Existing systems do not provide a solution for maintaining security over private keys while still allowing the users to checkout on a merchant page and making payments using their wallets.”
The system sets up a “key ceremony” that creates key shares that are combined into an operational master key – encrypted with the users’ passphrases – that can be made publicly available and deleted after use. The operational master key is used for private key encryption during checkout, as well as for transaction signing when a payment is made.
Kraken Daily Market Report for 16.08.2018
KRAKEN DIGITAL ASSET EXCHANGE
$124M traded across all markets today
Crypto, EUR, USD, JPY, CAD, GBP