Bitstamp Goes Through Tech Upgrade to Detect Suspicious Activity and Market Manipulation

2018-11-29 21:00

CoinSpeaker
Bitstamp Goes Through Tech Upgrade to Detect Suspicious Activity and Market Manipulation

It seems that amidst most participants of today’s financial market, crypto-exchanges know security best because its infant nature makes cryptocurrency sphere especially vulnerable to cyber scams. The results of these infamous heists usually grab headlines while wiping out millions in crypto-investment.

A Series of Crypto Misfortunes

Cleary the biggest trading platforms, as well as the entire crypto-community, were very concerned about augmenting frequency of hacker attacks. The more crypto-exchanges continue to lose money falling victims to such nefarious schemes, the more potential investors wave away from cryptocurrencies.

Besides, a financial watchdog keeps peddling about malicious activities pertaining to crypto-practices. So far crypto-holders have been accused of money laundering, terror funding and arms trafficking.

Looking back at everything that was mentioned, crypto-trading platforms have to admit — the time for advanced security measures as well as surveillance system has come.

Bitstamp Deploys Irisium Monitoring System

Currently, Bitstamp’s headquarters in Luxembourg supports trading for Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), U.S. dollars and euro.

Having reached the biggest market volume in Europe, cryptocurrency exchange Bitstamp pioneers to step up on the path of additional security starting from its recent partnership with a tech company Cinnober.

Today the exchange announced another significant collaboration with Irisium, a technical firm partially founded by Cinnober. In accordance to the signed agreement, Bitstamp will gain an access to Irisium Surveillance platform designed to monitor and detect suspicious activity and market manipulation.

Irisium will offer the analytical and technical support to Bitstamp to help it bridge the between traditional finance and digital money. The exchange will utilize Irisium’s data to monitor the market and alert its users on trading activity.

As usual, both companies express mutual excitement about their partnership. In the statement, Bitstamp’s CEO and founder Nejc Kodric said:

“Our desire is to guarantee a fair and orderly market which reflects genuine supply and demand. Exploring new frontiers in preventing market manipulation is essential for the industry to mature.”

In the meantime Alastair Goodwin, CEO of Irisium praised Bitstamp’s pro-active adoption of Irisium, saying that the exchange willingness to implement such coherent security system once again proves Bitstamp’s commitment to the major pillars of crypto-community — transparency, integrity and security.

The  Irisium adherence to European regulatory requirements is of particular interest. The toolkit provided by the company allows monitoring compliance with Integrity and Transparency (REMIT) and Markets in Financial Instruments Directive (MiFID).

Through data provided by Irisium, Bitstamp will be sure that its clientele is receiving valid and accurate data to help them make trade decisions.

Moreover, the trading platform will have strong consumer protection and increased market liquidity through greater adoption of cryptocurrencies. The exchange will have a community of transparent and confident crypto traders.

 

Bitstamp Goes Through Tech Upgrade to Detect Suspicious Activity and Market Manipulation

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

bitstamp market activity through goes suspicious manipulation

bitstamp market → Результатов: 26


[VIDEO] November 27th Crypto Daily: Bitcoin and Blockchain News Recap

Japan's LINE Chat App to Bank with Mizuho and Partner with Tencent for Mobile Payments Japan's LINE Chat App to Bank with Mizuho and Partner with Tencent for Mobile Payments Bitstamp Crypto Exchange to Utilize Irisium's Market Monitoring Analytics Bitstamp Crypto Exchange to Utilize Irisium's Market Monitoring Analytics Bitcoin (BTC) Price Could Reach as Low […]

2018-11-28 05:50


Фото:

Bitstamp внедрит технологию для отслеживания рыночных манипуляций

Одна из старейших криптобирж Bitstamp внедрит технологию Irisium Surveillance, которая отслеживает подозрительную активность и рыночные манипуляции. Таким образом биржа надеется привлечь институциональных инвесторов, сообщает CCN.

2018-11-27 21:29


Биткоин-биржа Bitstamp задействует технологии для противодействия манипуляциям рынком

Одна из старейших криптобирж Bitstamp анонсировала внедрение платформы от компании Irisium для отслеживания подозрительной активности и манипуляций на рынке. INSIGHT: We partnered with @IrisiumInsight to enhance customer #protection and market integrity at Bitstamp.

2018-11-27 17:43


Фото:

New Exchange Security Scoring Model Offers Insurance Rates for Coin Holders

International cybersecurity solutions provider Group-IB has come up with a scoring model to grade crypto exchanges based on their level of security. The scoring model was created by Group-IB in conjunction with Swiss-based Cryptolns (which is operated by Swiss insurance broker APIS AS), and the grading is intrinsic to CryptoIns’ new cryptocurrency exchange insurance, which will allow exchange users to cover up to 15 BTC worth of digital assets held in their exchange accounts.

2018-11-13 00:43


Фото:

Криптобиржи сформировали альянс для борьбы с мошенничеством

Основатели криптовалютной биржи Gemini Кэмерон и Тайлер Уинклвосс сформировали Ассоциацию виртуальных биржевых товаров (VCA) в состав которой также вошли биржи Bitstamp, BitFlyer USA и Bittrex. Вместе они будут бороться с мошенничеством на криптовалютном рынке.

2018-8-20 19:45


Фото:

Братья Уинклвоссы создадут новые методы борьбы с криптовалютным мошенничеством

Основатели криптовалютной биржи Gemini братья Уинклвоссы объявили о создании Ассоциации виртуальных биржевых товаров (VCA), призванной бороться с мошенничеством в индустрии. В состав альянса вошли биткоин-биржи Bitstamp, bitFlyer USA и Bittrex.

2018-8-20 17:02


John McAfree the optimist – EOS launch, CFTC investigations and more

John McAfee tweeted yet another buoyant statement with the ongoing price fluctuations and the market looking gloomy. His tweet focuses on the EOS launch. There are speculations surrounding the gloomy market as on this day, one such reason as written by John McAfee is the CFTC investigating Bitstamp, Coinbase, itBit, and Kraken. John McAfee’s tweet. Source: Twitter John […]

2018-6-12 23:22