Search Results for: CipherTrace

Rakuten And CipherTrace

Rakuten And CipherTrace Team Up For A New Crypto Exchange

Rakuten and CipherTrace are teaming up to set-up Rakuten’s’ upcoming crypto exchange. It is a Japanese e-commerce mammoth and CipherTrace is a blockchain analytics firm. The latter has assured to create anti-money laundering (AML) processes for the Rakuten Wallet platform. The giant has already started registering accounts for those who are connected to Rakuten bank. […]

The most money laundering-friendly crypto exchanges in Europe

CipherTrace, a developer of anti-money laundering, cryptocurrency forensics, and blockchain threat intelligence solutions, claims that Europe has the highest number of virtual asset service providers (VASPs) with deficient KYC procedures, followed by the strongest Asia-Pacific (APAC) region, and North America. Their 2020 Geographic Risk Report argued that “effective Know-Your-Customer (KYC) protocols are an essential component […]


Crackdown by BitMEX Will Fuel DeFi, Industry Insiders Hope

Several industry insiders argue that a recent crackdown by US regulators on the crypto derivatives exchange. BitMEX has shown once and for all that decentralisation is the way forward for those offering crypto-related services. The charges brought against BitMEX. By the US Commodity Futures Trading Commission (CFTC) are “bound to push more cryptocurrency projects toward […]

Crypto in latin america

Crypto Contributes to Money Laundering Problems in Latin America

Amid a major economic downturn, countries in Latin America (LATAM) are increasingly suffering from money laundering through cryptocurrencies, a new report says. Cryptocurrencies like Bitcoin have become a major tool of organized crime groups and hackers in LATAM countries, according to a Feb 27 report issued by threat intelligence firm IntSights. Titled “The Dark Side […]

crypto scam and ponzi scheme

Over $117M Bitcoin in Crypto Scam PlusToken Moves to New Addresses

Over 12,000 bitcoins (currently worth over $117M) associated with the alleged crypto scam PlusToken, have just moved to two new blockchain addresses. The two addresses are 1st address, 2nd address. The revelation was made public by the VP of research at Chinese blockchain security firm PeckShield, Chiachih Wu, through a tweet. As you can see, […]

crypto cybercriminals

UK’s Tax Agency Wants to Deploy a Tech Tool to Combat Crypto Cybercriminals

To win over crypto cybercriminals, the UK’s tax authority HM Revenue and Customs (HMRC) wants to deploy a tech tool. The tool can help it identify cybercriminals trading in cryptocurrencies. It will be purely based on blockchain technology to effectively combat crypto cybercriminals. For this reason, the tax agency from Britain is now inviting suitable […]

Rakuten Join Hands With JR East

Rakuten Join Hands With JR East: Will Promote Digital Payments

Japan’s e-commerce goliath Rakuten join hands with JR East, the biggest Japanese railway firm. The joint partnership will result in the promotion of digital payments. The news comes from a Japanese crypto-based news outlet. The launch of the forthcoming service will take place in next year’s spring. The service will help the commuters or passengers […]