Keep you updated with latest news in blockchain industry and cryptocurrencies.
The year 2020 will come to an end in a couple of days in which Scorechain has been recognized as a la leader in the cryptocurrency Risk-AML analytics software. Despite the sanitary crisis, 2020 has been a crypto regulation year since most worldwide governments have started to define the regulatory »
End of last month, $4.2B cryptos have been confiscated by Chinese authorities from the PlusToken Ponzi scheme crackdown, including a total of 194,775 BTC, 833,083 ETH, 1.4 million LTC, 27.6 million EOS, 74,167 DASH, 487 million XRP, 6 billion DOGE, 79,581 BCH, and 213,724 USDT [1]. Starting in May 2018, »
Early Monday, the decentralized finance (DeFi) protocol Harvest Finance was exploited by an unknown attacker, who drained about $25 million in value and swapped for renBTC (rBTC). This incident has risen again and even heated the debate on whether this kind of flash loan-based arbitrage attacks are really “hacks”. Technically, the »
Last Friday the Singapore based crypto-exchange, Kucoin, was hacked with an estimated loss of around $150 million, including BTC along with BSV, LTC, XLM, Omni and EOS based tether (USDT), ether and ERC20 tokens, and XRP. During the early morning of last Sunday, the hacker started to launder a part »
As the new dominant value transfer layer, Ethereum network is becoming more and more popular, so are the ERC20 tokens, especially stablecoins. Recently, Tether alone is the most traded coin in the crypto world. With the wide use of ERC20 tokens and the development of global AML/CTF regulations that put »
This article was published on the Cointelegraph website on July 22, 2020. Read the original article here: https://cointelegraph.com/news/can-compliance-and-aml-software-improve-cryptocurrency-business-sustainability Cryptocurrency businesses are facing increasing challenges as new regulations are introduced globally, which is changing the face of the industry and forcing companies to search for effective solutions. Anti-Money Laundering and Combatting the »
On July 15th, Twitter Hack Scam became the focus of the day. The attackers had access to 130 accounts and used 45 of these to ask the public to send bitcoin.1 Many high-profile personal and company accounts such as Bill Gates, Joe Biden, Barack Obama, Jeff Bezos, Apple and Uber »
Driven by the growth of stablecoins, the use of the Ethereum network to transfer value reached a new record recently. Now, it seems Ethereum really starts to compete with Bitcoin for value transfers. Monitoring the transactions for Anti-Money Laundering purposes is becoming increasingly important. First, because the volume traded has »
As part of providing risk aml solutions for cryptocurrency assets, at Scorechain we also provide trading information looking at services and exchanges inflows and outflows. Let’s have a look at this notable correlation between the ongoing Covid-19 crisis, Bitcoin price and exchanges on-chain trades. Can the recent event related to »
According to Coinmarketcap, the Tether (USDT) recently became the most traded cryptocurrency. The 24-hour trading volume of the Tether (USDT) stablecoin broke records last week: almost 10 billion higher than Bitcoin and triple of Ethereum’s volume. This is not the first time that Tether beats bitcoin. Back in May 2018, »
