The largest crypto exchange in the world – Binance – announced an interesting promo. It distributes tokens to its users for testing of a recently launched DEX-exchange. According to the information, the startup is ready to distribute BNB tokens worth of $100 000 within the framework of trader competition. The participants can create a wallet and trade the tokens in the testnet of Binance decentralized exchange.

Apparently, the traders who have a good strategy can earn a pretty penny. At the same time, traders coming to the decentralized exchange will allow the company to test the platform for potential bugs. It’s planned to launch the platform officially this year.

According to Binance CEO Changpeng Zhao, DEX-exchange operation will accelerate the launch of Binance Chain — a new public blockchain which will also allow to service orders on this exchange. The chain will allow to monitor transactions on a decentralized exchange without an intermediary, forming a distributed ledger which might be audited in the future.

Changpeng Zhao has already told earlier that Binance chain would be much faster than other public block chains. According to him, it won’t take more than a second to make a transaction in Binance blockchain.

Brad Mills, bitcoin enthusiast who previously developed games for Facebook wrote in Twitter about Facebook Credits and Facebook’s stablecoin.

He highlighted that Facebook Credits which had been mostly used in social games disappeared in 2013. The developer is sure that it happened due to typical problems of Central Bank, nepotism and Zygna’s more profitable offers. The users started using third-party micropayment platforms.

Mills noted that he developed games at Facebook since 2007. He says he wants to tell everyone that Facebook already has its own stablecoin – Facebook Credits – which has been tested since 2009.

According to Brad Mills, Facebook had great results in 2012, that time, Facebook Credits was used actively. He is sure that a new Facebook Coin will be able to compete with Bitcoin and damage Ripple popularity a little.
To recap, it was reported earlier that Facebook started negotiating with crypto currency exchanges regarding listing of its stablecoin.

The most popular crypto currency in the world – Bitcoin – remains almost at the same level. As for March, 3rd, Bitcoin rate remains below $4000, according to Coinmarketcap.com portal.

Thus, Bitcoin increased 0,02% and is traded at the level of $3861.

The other crypto currencies see variety of trends.

Ethereum rate decreased 0,46% and now it is at the level of $135.

XRP dropped by 0,75% and is traded at the level of $0,31.

EOS increased 0,04%. The token costs $3,52 now.

Litecoin increased 2,41%. The token is traded at the level of $49,02.

It is also worth noting that Binance Coin increased 4,05%. The coin is traded at the level of $11,63.

The crypto currency market capitalization is $130 billion now. Bitcoin’s share in the market is 52%.

Blockchain company Blockstream developers presented a new version of software designed for Bitcoin blockchain scaling – c-lightning.

Blockstream Presented c-lightning Update
с-lightning – is implementation of the network of the second layer Lightning Network produced by Blockstream, designed to solve bitcoin network scalability issue. According to Blockstream’s publication, the latest update, c-lighting 0.7, is the first major release for the last 8 months. A new version includes performance improvement, bug elimination, increased privacy and new features and is also provided with expanded documentation.
The main difference between a new version and previous ones is plug-in support which allow the developers to implement additional features with the help of own extensions written in various programming languages, in particular, C, Go, Python.

C-lightning developers note that software became more flexible, it will be adjustable. It is supposed that a wide set of tools allowing, for example, to monitor activity in the network or implement features for channels on the basis of plug-ins.

Note that ?route boost? feature is one of the most important changes implemented in c-lightning 0.7, reliability of payment transfer increases – this is one of the main Lightning Network’s problems at the moment. Additionally, the developers worked on Lightning Network compatibility with various OS.

Ernst & Young audit company published the third report on Canadian crypto currency exchange QuadrigaCX investors rehabilitation procedure. Auditor’s report describes 6 crypto currency wallets which were used to store Bitcoin first. In addition to a weird BTC transaction worth of $500 000 made mistakenly, no other deposits have been made since April, 2018. At the moment, there’s no information explaining why Quadriga stopped using identified wallets last spring.

To recap, the exchange filled in application for creditors protection in the beginning of February when it lost access to the cold wallet storages. This all happened because of sudden death of Gerald Cotten. Since that time, the exchange, the court, EY and the investigators are trying to find out what happened to the exchange’s funds.
First of all, EY managed to reveal at least several fancy accounts which were used for trading on Quadriga.

Also,as it is reported, Cotten, allegedly, stored precious data in Amazon Web Services cloud. However, it won’t be possible to access them because of service privacy policy.

Earlier, this week, the crypto currency exchange Kraken announced $100 000 reward for access to QuadrigaCX’s Canadian exchange’s money. Additionally, it is suspected that Cotten used a paper wallet which was stored in a rented safety deposit.

Bittrex invested approximately $1.5 million in launch of a new crypto currency platform located in Republic of South Africa. It’s VALR trading platform planned to be launch in the beginning of March, this year.

VALR Prospects
The platform will list 50 crypto currencies after the launch. The head VALR told that about 1.5K users have already signed up for the platform, most of them live in the Republic of South Africa. The head of Bittrex Bill Shihara also expressed confidence is platform successfulness because it has a lot of features for beginning or experienced traders.

Bittrex is intended to participate in financial operations on the exchange, ensuring it with liquidity and optimal prices, increasing its competitiveness. According to the head of VALR, fiat trading might be launched by this summer.

At the moment, the Republic of South Africa has no laws regulating crypto currency circulation so far. The government reported that it’s going to develop legislation by Q3, 2019.
As it was reported earlier, Thailand’s regulator reduced the list of approved crypto currencies.

According to anonymous sources familiar with the matter, the company has already launched negotiations regarding listing of a token on several major crypto exchanges.

According to New York Times (NYT) article published on February, 28th, Facebook company who stands behind the largest world’s social network “hopes to succeed where Bitcoin failed”. Referring to numerous anonymous sources, NY Times gathered information about the project of the future social crypto currency of ?Facebook Coin? designed for integration of digital payments into messaging services such as Facebook Messenger and WhatsApp.

According to the media outlet’s data, Facebook is planning to re-build its infrastructure and integrate its apps – WhatApp, Messenger and Instagram into a single system. This will provide the future token with 2.7 billion audience which uses these three services monthly.

NYT notes that the idea of a crypto currency payment system working in messengers is also actively developed by such Internet giants as Kakao, Line and Telegram.

Presumably, Facebook finally made sure that it needs to launch its own crypto currency project after Telegram has raised $1,7 billion during the two rounds of Gram token-presales. PayPal ex-president headed company’s blockchain development department.

As Cointelegraph reports, information about the project and its timeframes corresponds with the last year’s appearance of the list of vacancies for blockchain specialists. Three unidentified sources told that Facebook already hired more than 50 engineers for development of its own crypto currency.

Nevertheless, reports filter out some data. The sources familiar with team’s work state that the future coin will be a so-called stablecoin – it’ll be linked to fiat currency, and not even to a single currency, but to three national currencies stored on company’s banking accounts.

Moreover, according to the media outlet’s information, Facebook has already started negotiating regarding Facebook Coin listing with several unnamed major crypto exchanges. According to other sources, a token for WhatsApp will be presented in Q1-Q2, 2019, but it might take more than a year to integrate the coin into the messengers.

Centralization is still the most dubious question in this case: to what extent these tokens’ transactions will turn out to be centralized. NY Times refers to the crypto industry experts who claim that Facebook will probably face the same technological restrictions and regulative hindrances, which the strongest crypto currencies such as BTC have faced.

Placeholder venture firm’s partner Chris Burniske wrote in his blog that approximately 50 tokens could be used in real life.

According to him, earlier, investors were focused only on various blockchain protocols, but now they are more interested in fundraisings with the use of a new technology.

Nevertheless, Burniske believes that thousands of companies will use distributed ledger technology in the future. However, only several the most successful blockchain protocols will be the leaders of the market Therefore, he is sure that many will regret in 2021 that they haven’t invested in particular tokens earlier.

Burniske also noted that 95% of tokens existing in the market just “don’t work”.

To recap, earlier, Chris Burniske told that Bitcoin and Ethereum are fundamentally undervalued.

Iran, Indonesia and Venezuela became leaders in terms of volume and number of bitcoin transactions. The analysts note that the crypto currency’s popularity is growing rapidly in countries who faced economical difficulties.

Crypto Currency Is The Rescue For Many Countries
Columbia, South Africa and Indonesia hit TOP-6 in terms of number of bitcoin transactions. LocalBitcoins service’s analysts told that bitcoin holders from these countries most often not sell the coins, but buy them, trying to sell them at an appropriate moment. In addition, institutionals are also interested in crypto currencies.

The number of Bitcoin transactions increased approximately 150% in Iran last week.

The total volume of crypto currency transactions in Indonesia increased 2000% over the last 2 weeks. More than 260 BTC were transferred during this period of time. Venezuela and Colambia see the same situation. The analysts are sure that the citizens don’t trust national currency anymore so they use Bitcoin and other coins to store their money.

Binance Coin (BNB) climbed up to the 8th place in crypto currency TOP, surpassing Tron and Stellar, its current trading volume is $87 million, its market capitalization increased to $1.6 billion.

Why Is BNB Growing?
Unlike BTC, ETH and many other tokens, BNB is more like a security than a crypto currency. Finance buys BNB using 20% of income, it works as dividends for securities to some point.

BNB owners don’t have a right to vote. However, this is true for most of tokens.

The token increased almost twice from $4.50 since December.

Probably, Binance Launchpad – ICO platform – is probably the other reason. Only two projects have raised money with the help of this platform so far: BitTorrent and Fetch.ai.

Donald McIntyre believes that Ethereum network is suitable only to show the things that doesn’t work and more and more people will use the first crypto currency in the future.

Former business development manager at ETCDEV and Vice President of Morgan Stanley Donald McIntyre criticizes Ethereum saying that this crypto currency’s network is suitable only for experimental testing and demonstration of things that don’t work. According to the expert, switching to ETH 2.0 will change Ethereum Classic development way, reports CryptoGlobe.

Donald McIntyre claims that ETC’s main problem will be the fact that Ethereum switched to PoS algorithm and sharding. ETC will need another independent team of developers. ETC needs to grow and to reach higher hashrate to decrease 51% attack possibility and to let the users and exchange to confirm payment and deposit acceptance less.
He added that Ethereum fork has great potential because it became a ideal for decentralized and safe computations, IoT and smart contracts due to safe consensus mechanism and limited number of tokens. Former top manager of Morgan Stanley highlighted that he also believes in Bitcoin development prospects.

Digital money industry’s capitalization decreased to $126 billion, many coins lost more than 5%.

On Monday, March, 4th, average Bitcoin rate deceased below $3800, to $3764, then it saw small correction.It is traded at the level of $3794, it cheapened by 1,8% over the last 24 hours.

Ethereum lost 4,5% and is traded at the level of $129 now, XRP rate decreased by 2,6%, to $0,306. Many digital coins cheapened by more than 5%. THETA token cheapened more than other TOP-100 coins, it lost 12.3% over the last 24 hours.

Digital market capitalization reduced by $4 billion, from $130 billion to $126 billion. The total trading volume increased by 8.7%, to $25 billion.

Thai Securities And Exchange Commission updated the list of crypto currencies approved for ICO or use as a basic currency in trading pairs with other digital assets traded on the exchanges.

According to the Commission’s report, Bitcoin Cash (BCH), Ethereum Classic and Litecoin (LTC) were removed from the list.

As a result, the current list includes just 4 crypto currencies: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Stellar (XLM).

The regulator highlights that the presence of crypto currencies on this list doesn’t confirm their payment method status.

At the same time, it is noted that the changes won’t have any impact on the companies or investors who work with crypto currencies because the ICO hasn’t been launched yet and Thai crypto exchanges don’t use BCH, ETC or LTC as basic trading pairs.

At the moment, there’re three licensed crypto currency exchanges in Thailand — Bitcoin Exchange (Bx), Bitkub Online (Bitkub) and Satang Corporation (Satang Pro), and the only broker approved by the government — Coins Th Co. Ltd.

Changpeng Zhao told the audience about Binance development.

Binance CEO Changpeng Zhao recorded a video message for the users of a popular crypto currency exchange. He answered to a range of popular questions. The specialist published the video in his microblog.

The specialist believes that delisting is an inalienable part of exchange’s operation, it helps to support the supply quality. Changpeng noted that the platform’s team monitors development of each listing participant. According to him, the main condition of being listed on Binance is popularity and demand for a service or a product.

Zhao has also noted that the exchange doesn’t warn about the listing early. Delisting happens by the decision of the project’s team to prevent making profit on short positions.

Changpeng also highlights the fact that use of Binance Launchpad for project launched increases its chances to get listed on the exchange, but it isn’t a guarantee.

The specialist also called BNB crypto currency “an utility token”. Zhao compared forecasting its cost with forecasting bitcoin rate, noting that he wouldn’t risk making suggestions regarding its price. According to the exchange’s leader, the project tam is planning to expand use cases of BNB coin to support demand for it.

He also says that the exchange can count the number of wallets registered in the system, but it’s can’t specify the exact number of users. Biannce CEO added that the exchanges often use irrational mechanisms of price formation.
Zhao notes that there’s a lot of fake information about Binance DEX on the network. In particular, the specialist highlighted that the team can’t specify an exact number of nodes that will be launched in the mainnet and when it’ll happen. He told that 8 projects confirmed switching to Binance Chain. The projects’ names aren’t revealed. According to him, switching to Binance Chain will let the projects win support of the exchange, including promotion and development help. The other advantages are “higher operation speed, cheaper transactions”. He also noted that it’s “super easy” to launch a token on Binance Chain.

Commenting on the post, the users tried to suppose what projects were going to switch to Binance Chain. Most of them were sure that BNB would increase after publication of the video message.

To recap, Binance launched a bounty campaign yesterday. The task is to find bugs in Binance Chain. Maximum possible revard for vulnerability reveal is $100 000.

The heads of Neutrino startup who worked at Hacking Team will leave the company.

Coinbase crypto currency exchange CEO Brian Armstrong claimed that Neutrino startup’s employees who were previously connected with Hacking Team organization will be fired. The organization helped to persecute the journalists, political dissidents and activists.

Brian Armstrong says that Coinbase has checked Neutrino technology and security, but didn’t check it in terms of its own mission as a crypto currency company. Last week, the check has finally been carried out and it was decided that the ones who used to work at Hacking Team (although they don’t cooperate with Hacking Team now) will leave Coinbase?.

The users were dissatisfied with information about Neutrino startup acquisition, they started deleting Coinbase accounts and launched #DeleteCoinbase campaign.

coin increased 1,78% over 24 hours, its rate is $47,22. The fourth crypto currency’s capitalization is $2,8 billion.