Binance Buys Top Indian Fiat-Crypto Exchange, WazirX, to Integrate More INR Payment Gateways

Leading crypto exchange by popularity and use, Binance, acquires WazirX, a leading crypto asset platform in India to release multiple fiat-to-crypto payment options based in Indian Rupees (INR). Binance, the leading Maltese Crypto Exchange, is making major moves into the Indian crypto market following the recent acquisition of WazirX platform. This is the largest digital asset network…

Binance CEO: New Open-Source Wallet Solution Will “Reshape the Landscape” of Custodial Services

Binance’s CZ comments on the open source advancements of cryptocurrency wallets and how TSS, or threshold signatures scheme, will be far superior and reshape custodial storage options. The open-source coding is available through GitHub with more elaborate information available on the Binance Library. Changpeng Zhao claims that the TSS technology is “far superior” to the…

Amazon Patent Casts Light on Plans to Create Proof-of-Work Blockchain Analog

Retail behemoth Amazon has received a patent for generating Merkle trees as a solution to the proof-of-work (PoW) algorithm, a document confirmed on May 14. Amazon, which has taken an increasing interest in blockchain technology in recent times, now appears to be targeting development of a specific variation of the instrument. Specifically, the patent targets Merkle trees — a data verification tool —…

Binance CEO Publishes Security Incident Update, Apologizes for Blockchain Re-Org Comment

Changpeng Zhao (CZ), CEO of major crypto exchange Binance, has updated reporters on the exchange’s security revamp and investigation into this week’s $40 million hack in a security incident update shared with Cointelegraph on May 10. The CEO also apologized for having fuelled community concerns by openly discussing the possibility of incentivizing a blockchain re-organization — or transaction…

Major Crypto Traders Meet to Establish Industry Blacklist, Standards

A group major cryptocurrency traders is considering the idea of creating a blacklist of counterparties engaged in nefarious activities in the crypto space, Bloomberg reported on May 8. At a meeting in Chicago on Tuesday, a group of traders from 35 digital assets firms including such industry players as trading firm DRW Holdings Inc.’s Cumberland crypto unit, Mike Novogratz’s Galaxy Digital…