Keep you updated with latest news in blockchain industry and cryptocurrencies.
Today, there are more and more blockchain analytics tools available for companies processing cryptocurrencies. In this article, we will explain why they are of utmost importance for such companies. But first, what exactly is blockchain analysis? Unlike common thinking, blockchain transactions are not anonymous but rather pseudonymous. Everyone can see »
In late September, social media platform Twitter announced1 a new feature called “Tips” that will allow users to easily receive payments via different platforms such as CashApp, Patreon but also via cryptocurrencies. The “Tips’ feature will gradually be available on IOS and later on Android. Twitter will support Bitcoin tips »
Scorechain Entity Directory assesses the level of risk of each identified virtual asset service provider (VASP) by assessing their anti-money laundering (AML) and combating the financing of terrorism (CFT) policies and their exposure to jurisdiction and security risks. The Entity Directory rates each identified VASP to help users assess their »
As for the traditional finance industry, the cryptocurrency industry is also attracting scammers or attackers. Several reasons can explain this. First, crypto markets are currently very popular, attracting a growing number of people and thus funds, which is attracting in turn scammers looking for easy money. Second, cryptocurrencies are known »
What is Ethereum? Ethereum is a blockchain with a native cryptocurrency Ether (ETH). It has been created in 2015 by the programmer Vitalik Buterin. The Ethereum blockchain allows users to transfer Ether between them. Besides, and unlike the Bitcoin blockchain, the Ethereum blockchain allows users to build decentralized applications (DApps) »
Key takeaways: FATF identified a trend in the use of methods to increase anonymity to launder illegal proceedings. Blockchain analytics can help mitigate crypto-related risks. Using cryptocurrencies for money laundering (ML) / terrorism financing (TF) or fraud purposes is not new and this is why worldwide regulators are putting in »
Key takeaways: On Aug. 19, Liquid exchange announced it had suffered a hack on its Twitter account. The exchange reported several addresses linked to the hack and is investigating the funds’ movements. The hacker is depositing the funds on several crypto platforms. Liquid exchange hacked: what happened? On August 19, »
Key takeaways: Singapore is preparing to license the first virtual asset businesses that want to operate in the city-state. These businesses must comply with several requirements set by the country’s monetary authority (MAS). Scorechain released guidelines to help digital asset businesses to implement a risk-based approach to transaction monitoring. Singapore’s »
Key takeaways: Poly Network suffered a hack that is said to be the largest one in DeFi history. After establishing communication with the hacker, Poly Network started to receive some of the stolen funds back. In such cases, blockchain analytics tools are very useful to track and monitor the coins. »
Key takeaways: The use of crypto in the gambling sector has grown in popularity over the last few years. Gambling services are mentioned in FATF’s Virtual Assets Red Flag of Money Laundering and Terrorist Financing report from July 2020. Gambling could be a way to launder cryptos, VASPs and gambling »
