2019-12-17 14:54 |
According to CipherTrace, major U.S. banks unwittingly process billions of dollars from crypto-related business because they are ill-equipped to identify virtual asset service providers
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According to the blockchain analysis firm Ciphertrace, major U. S. banks process roughly $2 billion in digital currency transactions that go undetected every year. Ciphertrace disclosed a slew of financial institutions have not deployed the right KYC/AML infrastructure to detect unregistered cryptocurrency transfers.
2019-12-17 03:30 | |
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CipherTrace launched a press release on December 16, claiming it has discovered that each of the most important commercial banks in the US has an unregistered crypto business using their own payment networks in order to process funds.
2019-12-16 19:33 | |
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How to comply with anti-money laundering regulations while preserving user privacy was a major topic of conversation at this conference
2019-11-9 17:33 | |
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There has been a 47% rise in cross-border payments from U.S. crypto exchanges to offshore exchanges since early 2017, posing an ostensible quandary for regulators
2019-4-29 15:59 | |
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Malta-based cryptocurrency exchange Binance announced that they have partnered with blockchain security firm CipherTrace to bolster their anti-money laundering (AML) measures. This according to a Binance Blog post on April 11, 2019.
2019-4-12 11:45 | |
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Blockchain security company CipherTrace, today announced a major venture capital financing to fund rapid growth. The company has raised $15 million in venture capital from top Silicon Valley and New York venture capital firms with deep cybersecurity and crypto asset expertise. The round... Source
2019-2-20 01:51 | |
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CryptoNinjas CipherTrace, a cryptocurrency intelligence, and blockchain threat network, announced today CipherTrace Cryptocurrency Intelligence Version 3, which delivers a major upgrade to the platform.
2019-2-6 03:21 | |
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Most digital exchanges are unregulated and therefore unqualified to safely process cryptocurrency transactions. They don’t employ necessary know-your-customer (KYC) tactics, and roughly $1 billion in digital asset funds have been stolen since the start of 2018.
2018-10-13 23:34 | |
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The US House of Representatives passed the Financial Innovation and Technology for the 21st Century Act (FIT21) by a resounding 279 to 136 vote. The bill, seen as a major win for the crypto industry, aims to establish a long-awaited regulatory framework for digital assets in the US.
In a detailed analysis shared with his 788,000 followers on X (formerly Twitter), renowned analyst Pentoshi has forecasted a more restrained outlook for the current crypto bull run, suggesting that it may not mirror the explosive growth seen in previous cycles.
In his latest essay, Arthur Hayes, the former CEO of crypto exchange BitMEX, introduced a bold investment philosophy he calls the “Left Curve. ” This strategy diverges sharply from traditional investment approaches typically adopted during bull markets in the crypto world.
Wally Adeyemo cited a recent settlement with crypto exchange Binance and sanctions against crypto mixer Sinbad in calling for an expansion of the U.S. Treasury’s authority.
Genesis claims Gemini made preferential transfers of about $689 million from Genesis and wants the court to “correct this unfairness.”
The former presidential candidate spoke at NABS about opportunities the United States may be missing to blockchain and AI for the public good.
The third-party crypto bot Wallet is debuting its global rollout on Telegram Messenger in several countries in Latin America and Africa.