Crypto

cipher trace

Patents filed by CipherTrace for tracing Monero transactions

On Friday, CipherTrace, a crypto analytics firm, announced that it had filed two patents for technology capable of tracing privacy coin Monero transactions. The company stated in a Nov. 20 CipherTrace blog that the patents would include forensic tools to explore Monero (XMR) transaction flows to assist in financial investigations, statistical and probabilistic methods for […]

blockchain

BlockApps launches an Ethereum-based Agritech network in collaboration with Bayer

A blockchain-based agricultural crop tracking network called “TraceHarvest” was launched by blockchain solutions provider BlockApps on Nov. 18 and one of the world’s largest companies, Bayer, is among its first users. TraceHarvest allows users to trace the life cycle of farm products. Starting with the source of seeds, to define the responsibilities of each of […]

blockchain, bitcoin, grayscale

As hard fork begins, Grayscale’s BCH trust loses $1.6M in value

The amount of assets under control for the Bitcoin Cash Trust of crypto fund manager Grayscale Investments dropped $1.6 million after the announcement that the crypto asset would fork on Nov. 15. The Bitcoin Cash (BCH) network has now split into two blockchains, according to data from Coin Dance. At present, the community-driven Bitcoin Cash […]

crypto

Crypto traders and analysts see fresh administration as US election settles

While the results of the US presidential election continue to be questioned by some in the community, mainstream media outlets and the Associated Press have definitely called the race for former Vice President and current President-elect Joe Biden a race. But traders and analysts are now looking to determine what a Biden administration will mean […]

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 […]

crypto

Most Crypto Exchanges Are Vulnerable To Design, says Bybit CEO

After hackers breached KuCoin, Crypto exchange security is once again in the news. But this shouldn’t surprise people, according to Bybit CEO Ben Zhou, as exchanges are vulnerable by design. Zhou told that, as a single point of failure, exchanges act. Exchanges are vulnerable, as a centralised web application, to the same security problems as […]

bitcoin

100 Million People Around the World Are Now Using Crypto-Based Assets, Says Cambridge Research

Researchers at the Cambridge Centre for Alternative Finance recently disclosed that Bitcoin (BTC) and other blockchain-based assets are currently held by 100 million people around the world. The 2nd Global Cryptoasset Benchmarking Study in 2018 estimated the number of identity-verified crypto users globally at approximately 35 million. As of Q3 2020, crypto-exchanges have opened up […]

Indian Crypto Framework

To Avoid Crypto Ban, Major Indian Exchange Proposes New Regulatory Framework

BuyUCoin, the major Indian cryptocurrency exchange, has developed a cryptocurrency regulatory framework in India that it claims is supported by “all Indian cryptocurrency stakeholders.” It is not yet clear, however, which stakeholders have helped develop the framework. Or ‘sandbox,’ to be officially released on October 2. The framework was described by BuyUCoin. Which has more […]

bithumb

Broker Confirms that Bithumb is on sale, Big Players ‘Interested’

An accounting firm has confirmed that Bithumb, the major crypto exchange in South Korea, is up for sale. The troubled Bithumb Holdings, which owns over 70 percent of the exchange, is actively looking for a buyer, as reported. Accounting firm Samjong KPMG, a joint venture firm that includes Dutch giant KPMG, told, one of the […]