Stellar Community to Vote on ‘Protocol 13’ Update; Will Equip Exchanges with ‘Fine-Grained Control’

Stellar’s community is preparing for a vote that will enable crypto exchanges within its ecosystem to exercise more regulatory oversight. Dubbed ‘Protocol 13′, the new set of updates includes other modifications as well meant to improve the Stellar user experience. Notably, this vote is expected to take place later in the week.

In this new update, a ‘fine-grained control’ approach will be enabled such that exchanges will have control over specific digital asset activity. This means that a service provider in this line can authorize for independent action on every digital currency transaction as opposed to the existing version, which affects even legitimate orders. An earlier post from the Stellar Development Foundation (SDF), had alluded that,

“Often, issuers of regulated assets want customers to be able to trade their assets, but they also need to exert a high level of control over who can hold them, how much they can hold and under what conditions they can sell or buy more,”

Stellar’s Proposed Protocol 13

Should the community vote to pass this initiative, onboarding securities in blockchain and crypto ecosystems might become much more accessible. Usually, the headache comes in regulation given the stringent oversight requirements by financial watchdogs like the SEC. However, Stellar’s Protocol 13 now proposes a solution for this quagmire based on the ‘red flags’ that allow one to “revoke authorization while maintaining orders on the books.”

Interestingly, this protocol will also provide the flexibility of altering regulations over time based on industry developments such that a counterparty can view the status,

“With fine-grained asset control, an issuer of a regulated asset can set the asset to require the new kind of authorization … and when a user wants to make a payment or new offer, the issuer can check to see if it’s allowed given regulation.”

It is quite noteworthy that Stellar had already integrated block functions for exchanges to deny services to investors in sanctioned countries such as North Korea and Iran. Also, market manipulation through large stock purchases is currently limited by a 5% cap unless one fills Schedule 13(D) disclosure with the SEC.

Other Updates

Apart from the authorization update, the soon to be voted protocol 13 includes a fee bump function. This feature is meant to assist transacting parties in the quick recovery of their user fees and bump up the cost on low-value payments for settlement during high network frequency. Another feature is a ‘multiplexed’ account to enable the separation of balances held by different sub-accounts under a custodial service provider.

Read Original/a>
Author: Edwin Munyui

Stellar (XLM) Price Analysis (April 26)

• XLMUSD preparing for next bull trend, breakout imminent.
• The short-term outlook is in a sideways market.

XLM/USD Medium-term Trend: Bullish

• Resistance Levels : $0.08, $0.09, $0.10
• Support Levels: $0.03, $0.02 $0.001


The cryptocurrency is in a bullish trend zone in its medium-term outlook.

The formation of the pin bar hammer at $0.06 in the resistance area at the close of yesterday’s session signal a trend reversal. Hence bear’s brief return.

The session opens today on a bearish note at $0.061 in the support area.

XLMUSD is initially down at $0.060 in the support area. With the price above the two EMAs trading at $0.061 price level, indicates that price is in the bullish trend zone.

Hence, the stochastic oscillator signal pointing down at around level 69% in the overbought region implies that the momentum in the price of the coin is likely to encounter a change in the future in the medium-term.

XLM/USD Short-term Trend: Ranging


The formation of a bullish doji candle at $0.061 in the resistance area opens today’s 4-hourly session and signals a trend reversal, hence bear’s brief return.

XLMUSD further drops to $0.060 in the support area after which the bulls took over and move the price up to $0.061 in the resistance area.

Price revolves around EMA-9 with the two EMAs which are fanned apart. This suggests an undefined trend in the context of the market and in this case, ranging.

The stochastic oscillator is in the oversold region with the signal pointing down at 26%, an indication of a likely change in the trend of the crypto in the days ahead in the short-term.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

Read Original/a>
Author: Ben Jordan

Stellar (XLM) Price Analysis (April 26)

• XLMUSD preparing for next bull trend, breakout imminent.
• The short-term outlook is in a sideways market.

XLM/USD Medium-term Trend: Bullish

• Resistance Levels : $0.08, $0.09, $0.10
• Support Levels: $0.03, $0.02 $0.001


The cryptocurrency is in a bullish trend zone in its medium-term outlook.

The formation of the pin bar hammer at $0.06 in the resistance area at the close of yesterday’s session signal a trend reversal. Hence bear’s brief return.

The session opens today on a bearish note at $0.061 in the support area.

XLMUSD is initially down at $0.060 in the support area. With the price above the two EMAs trading at $0.061 price level, indicates that price is in the bullish trend zone.

Hence, the stochastic oscillator signal pointing down at around level 69% in the overbought region implies that the momentum in the price of the coin is likely to encounter a change in the future in the medium-term.

XLM/USD Short-term Trend: Ranging


The formation of a bullish doji candle at $0.061 in the resistance area opens today’s 4-hourly session and signals a trend reversal, hence bear’s brief return.

XLMUSD further drops to $0.060 in the support area after which the bulls took over and move the price up to $0.061 in the resistance area.

Price revolves around EMA-9 with the two EMAs which are fanned apart. This suggests an undefined trend in the context of the market and in this case, ranging.

The stochastic oscillator is in the oversold region with the signal pointing down at 26%, an indication of a likely change in the trend of the crypto in the days ahead in the short-term.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

Read Original/a>
Author: Ben Jordan

South Korea May Get A New Crypto Custodian After Largest Bank Files Trademark App

KB Kookmin Bank, the largest bank in South Korea, is preparing to launch its cryptocurrency custody service as soon as possible.

As per the local news outlet Digital Today reported on March 27, KB Kookmin Bank filed a KBDAC trademark application in which it referred to the Digital Asset Custody subsidiary it proposed in January, this year.

BTC and ETH Mentioned

The bank’s application to the Korean Intellectual Property Office expresses its intention of trademarking KBDAC in more than 20 areas that are all related to the crypto industry. These areas include consultation, management and trading of digital assets such as Bitcoin (BTC) and Ether (ETH). It also mentioned virtual asset settlement, consignment and fiat currency transactions.

Since many crypto areas have been mentioned, speculations that the bank is planning to launch a subsidiary offering financial products and services for receiving and managing investment funds’ virtual assets started to appear. A thread link to all these services is provided by the Digital Assets Custody moniker. According to the bank’s previous trademark applications, the new subsidiary may be launched in H1 of 2020.

There’s Also the Partnership with Atomrigs

KB Kookmin Bank partnered up last June with Atomrigs Labs, in order to explore digital asset protection and management solutions. The bank has always been proactive when it comes to blockchain technology. It made last October a statement in which it talked about the benefits this tech could bring to the industry of financial services.

Furthermore, it said that it plans to integrate blockchain into all its internal processes. In the meantime, 40 banks from Germany are seeking the approval of the Federal Financial Supervisory Authority (BaFin) to offer BTC custody, after the country introduced a new regulatory law for crypto.

Read Original/a>
Author: Oana Ularu

Binance to Launch Korean Support Center After Investing in BxB Crypto Exchange

Crypto exchange giant Binance has made an investment in a South Korea-based startup and is preparing to launch a support center in the country.

As reported by CoinDesk Korea, the exchange has taken a stake of 500 million won ($432,000) in BxB, the fintech firm that launched the Korean won (KRW) back in 2019. Aside from the investment, an agreement was signed that BxB is going to support Binance to operate a brand-new support center for its South Korean Binance.com users.

The Investment Came Straight from Binance

Contrary to expectations, the investment wasn’t made through Binance Labs, which is Binance’s incubator arm. It came straight from the company, even if Binance Labs had previously made an investment in the South Korean firm Tera. This is what Binance’s CEO, Changpeng “CZ” Zhao, had to say about the new partnership:

“We are continuously working with local partners across regions to jointly realize our shared mission in furthering cryptocurrency adoption globally. This investment is another step forward in exploring avenues of growth in Korea, which is an industry-leading market strongly positioned to stimulate blockchain innovation throughout Asia.”

Binance Co. Ltd. Registered with Korean Authorities

Back in October last year, Binance publicly made an acknowledgment of its South Korean entity Binance Co. Ltd., which is registered with local authorities. This subsidiary is going to operate the support center together with BxB, not to mention Binance has even bigger and more plans for it. CZ said,

“Binance is currently developing a future plan for the Korean market with BxB. We are reviewing what kind of business Binance Co., Ltd. will carry out in Korea, in addition to operating the customer support center.”

KRW and BNB To Be Linked?

One of Binance Co. Ltd.’s representatives says it’s possible for the KRW stablecoin launched by BxB to link with the BNB token from Binance so that trading on the exchange’s platform to be made easier, seeing it doesn’t have a gateway for the Koran won yet. Binance and BxB collaborated in July last year too, when Binance set up another entity in South Korea.

Read Original/a>
Author: Oana Ularu

What Does EU’s Fifth Anti-Money Laundering Directive (AMLD5) Mean For Crypto Exchanges?

European cryptocurrency firms are expecting a stricter regime of regulations as the 28 EU states are preparing to adopt the 5th Anti-Money Laundering Directive (AMLD5).

The AMLD5 will burden small firms and force them to either merge or fold. The Netherlands-based crypto exchange Deribit has already found a solution and is moving to Panama, where the AMLD5 version of regulations is not putting such high barriers and has reduced costs for traders.

AMLD5 Will Make Authorization and Registration of Crypto Firms More Difficult

The current norms on traditional finance are not right for the crypto world, whereas the AML crypto authorization schemes are different from one European country to another. When everything will be regulated under AMLD5, authorization, and registration of crypto firms will turn out to be very complex processes. Malcolm Wright, the AML Working Group’s head at Global Digital Finance and a chief of compliance officer for Diginex had this to say about Europe’s crypto future:

“There almost needs to be a more coordinated approach to make sure it allows the industry to still flourish and offer services to residents in the EU who want to invest in virtual assets products.”

FATF Guidance Includes Crypto-to-Crypto Exchanges

The AMLD5 has been in discussions for about 2 years, not to mention it has received some recommendations made by the Financial Action Task Force (FATF) in October 2018 and June 2019. While AMLD5 is addressing cash to crypto and the other way around transactions, FATF’s guidance includes crypto-to-crypto transactions too. It also has some requirements on the sharing of traditional to crypto payments data under its famous “travel rule”.

AMLD5 Will Impose Extra-Restrictions on Firms Providing Non-Custodial Wallets

Many are concerned about AMLD5’s extra-restrictive policy for firms that provide non-custodial wallets on a decentralized basis, especially since Germany and the UK are determined to implement this policy. This means Ethereum (ETH)-based finance platform Monolith (former TokenCard) and Wirex, the crypto payment card provider, would find it very difficult to comply with the new regulations.

AMLD5 Postponed in the Netherlands

In Netherlands, there seems to be a lot of confusion over the definition of “license”, not to mention the central bank and the Dutch Ministry of Finance believe an onerous AMLD5 version has been given to crypto players in the country. It seems the January 10 deadline for AMLD5 will be missed in the Netherlands as a result of a “serious disagreement between legislators and industry”.

Read Original/a>
Author: Oana Ularu

Ethereum’s Hard Fork ‘Muir Glacier’ Launches In 2 Days, Will The ETH Community Be Prepared?

While the entire world is preparing for the New Year, Ethereum has scheduled Muir Glacier, its long-awaited hard fork, for January 1 of the year 2020.

The Ethereum (ETH) Istanbul hard fork that happened just a few weeks ago didn’t make things easier when it comes to Ethereum’s so-called “difficulty bomb”, so many are expecting Muir Glacier to change everything. As the holiday season is one of the busiest in a year, the hard fork is still waiting on support from the most important infrastructure providers, exchanges and mining pools.

SBI VC Trade to Support the Hard Fork

The Japan-based virtual currency exchange, SBI VC Trade, which is an SBI subsidiary, said it will support the hard fork. Its customers have been informed about the hard fork lasting until January 3, 2020 and being planned to reach the 9,200,000 block height. SBI VC Trade has also cautioned people about the blockchain instability caused by the hard fork by saying:

“If ETH is received by us during this period, we may not be able to confirm it properly due to blockchain stability issues. In that case, please note that we cannot respond at all.”

Bittrex and Bitso Ready for Muir Glacier

The CSO of Blockstream, Samson Mow, has said in a tweet that platforms are not ready for Muir Glacier, while others members in the ETH community have expressed their confusion over the strange choice made by Ethereum Foundation for the hard fork’s date. The only crypto exchanges ready for Muir Glacier seem to now be only Bittrex and Bitso.

The Istanbul Hard Fork Had Some Readiness Problems Too

It looks like the Ethereum project didn’t have enough support from its team of developers, as these were focused on upgrading the ETH 2.0. The Istanbul hard fork had the same problem and updated most of the nodes last minute. However, it still was successful, so Muir Glacier has all the chances to be a hit too.

Read Original/a>
Author: Oana Ularu

CertiK Crypto Security Project Set to Launch Beta for Smart Contracts Certik Chain

The organization developing blockchain security infrastructure CertiK Foundation is preparing to launch its beta CertiK Chain.

CertiK Foundation wants to launch next week the Testnet 3.0 for CertiK Chain, which will make it possible for smart contracts to check the other contracts’ security audits before making a transaction. The CertiK Virtual Machine (CVM) is fully compatible with Ethereum’s EVM. EVM allows the seamless running of Solidity smart contracts. Developed on the Cosmos Network, CertiK Chain will have Solidity Smart contracts running in the Cosmos Network.

Scaling and Block Validation Handled More Efficiently

With the initiative of releasing the open beta to the public, CertiK wants to make block validation and scaling more efficient. Certik Chain is going to be compatible with many applications, including the ones for staking and decentralized finance. The company also said a user can look for on-chain evidence on security audit before sending cryptocurrency to be locked in any staking contract. According to the results, the user can choose to send smaller batches of cryptocurrency. This is what CertiK had to say:

“Ultimately, if blockchain becomes as disruptive as people expect, with smart contracts (such as DAOs) interacting with other smart contracts, then the ability to verify security on-chain would help prevent malicious interactions. Other features of the CertiK Chain includes a sandboxing of smart contracts so that they can deploy in a simulated environment for dynamic testing, which would be useful for both deploying new contracts and implementing upgrades of existing contracts.”

More Security Features to be Released

In the releases following the launch, CertiK wants to include other security features meant to prevent a malicious interaction with the blockchain. Certik Chain is going to operate on the certified CertiKOS hypervisor and kernel, enabling the CVM to run any smart contract that has been developed in the DeepSEA programming language.

Native CertiK Chain Launched Earlier in Julu

The CertiK Foundation has launched the native CertiK Chain earlier this year, in late July, after Binance Labs made an investment in 2018. During that time, the organization said smart contracts can be developed with the same DeepSEA programming language because it is the most secure when it comes to the code. Ethereum Foundation has funded DeepSEA in March this year, not to mention Qtum also provided $400,000 in funds for it in December last year.

Read Original/a>
Author: Oana Ularu