Public testing of Binance DEX goes live

Posted 20 February, 2019

One of the major cryptocurrency trading platforms – Binance – reportedly launched trials of its decentralized exchange Binance DEX. The platform is now available to the public and supports test tokens.

The company stated in the notice to the users:

"Binance is pleased to announce that both the Binance Chain and the Binance DEX have now entered public testnet phase at https://testnet(dot)binance(dot)org".

According to the released guides, a user needs to create a new wallet via Keystore and password or unlock already opened wallet via the Keystore file, Ledger or private key. 

Moreover, everyone can just take a look at the platform without a need to open wallets and make trades. For new users, the company has attached to the notice links to the guides that may assist in starting operations at the exchange.

The test BNB can be received via the link on the website, though it should be mentioned that a user must have at least 1 BNB to restore DEX account.

"When complete, you will receive 200 testnet BNB so that you can interact with the Binance DEX testnet...Note: To obtain Binance Chain testnet funds, you must have a Binance account that has a minimum of 1 BNB in it," the statement reads.

In fact, the DEX exchange is very similar to the main platform Binance. The exchange supports BNB, BTC, ETH and USDT. Notably, the BNB price is rising now hitting new highs against bitcoin. In the notice, the exchange also noted that it would release the start-up date of Binance Chain Mainnet somewhat later.

Along with the test launch of the DEX platform, Binance has lately got in the wrong box after it made undesigned airdrop of BitTorrent. As a result, some users received BTT tokens. As the exchange CEO Changpeng Zhao stated on Twitter, this accident happened during testing for Fetch when "one tester inadvertently clicked an airdrop button for BTT". The platform stated that they were working on this issue.

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20 February, 2019 11:26

← SEC expected to launch consideration of VanEck-SolidX bitcoin-ETF on Wednesday

The US Securities and Exchange Commission (SEC) may launch consideration of the bitcoin-ETF application filed by VanEck, SolidX and Cboe BZX this week. The bitcoin-ETF application is reportedly expected to be published in the Federal Register on Wednesday, and this date is likely to become the starting point for its consideration. Under the effective rules, the public will have 3 weeks to submit their comments while the Commission will have to make a decision on this request ( to approve, reject, or require more time for consideration) within a 45-day period.

SEC expected to launch consideration of VanEck-SolidX bitcoin-ETF on Wednesday

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19 February, 2019 17:30

Seoul launches initiative to support blockchain projects →

The government of Seoul is planning to allocate some KRW 1.2 trillion ($1.07 billion) for fintech startups, including projects in the crypto industry. The funds will be allocated via the Seoul Innovation Growth Fund which was established in 2018 and distributed among different segments to assist emerging startups in their struggles to get Series A or seed funding. Seoul noted that initial investment in South Korean projects must be raised (currently $1.1 million) to the level that is recorded in London or Silicon Valley reaching some $7 million and $6.5 million, respectively.

Seoul launches initiative to support blockchain projects
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