Day: April 11, 2019

Binance Partners With Blockchain Analytics Company CipherTrace to Enhance AML

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The world’s third-top cryptocurrency exchange by adjusted volume, Binance, announced that it has partnered with blockchain analytics company CipherTrace. The partnership was announced in a blog post published on April 11. Per the announcement, the partnership is meant to strengthen the company’s regulatory compliance by enhancing its Anti-Money Laundering (AML) measures. The post claims that CipherTrace also serves regulators, financial institutions and auditors. Cointelegraph reported in March that the Malta Financial Services Authority has appointed the company to monitor activity by crypto businesses in Malta. CEO of CipherTrace Dave Jevans is…

Reddit Users Claim That QuadrigaCX Bitcoin Withdrawals Came From Other Exchanges

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Reddit users analyzed past Bitcoin (BTC) withdrawals from the now-defunct QuadrigaCX cryptocurrency exchange in a post published on April 10, finding that some came from other exchanges. The Reddit users claim that of the withdrawal transactions that they analyzed, one came from a HitBTC hot wallet and the other one from a Bittrex hot wallet. The users write that before they realized that the addresses are owned by exchanges, they found that some of the addresses appear on multiple High Yield Investment Programs (HYIP), amatorial ransomware research and a post…

Cool off, Litecoin (LTC) May Drop To $60 Before Rallying to $110

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Litecoin prices drop 10 percent CoinBase teaming with Visa will drive adoption Not only is CoinBase aggressively listing digital assets and departing from their cautious approach, but they are also busy partnering, opening doors allowing their users to spend their Litecoin balances thanks to their collaboration with Visa. Meanwhile, prices are dropping and may retest $70 and even $60 in a correction phase. Litecoin Price Analysis Fundamentals The correlation between Bitcoin and Litecoin is direct. Although it may not be one according to math done by CoinPredictor, the correlation coefficient…

Albertsons Companies is Joining Blockchain-based IBM Food Trust Network to Pilot Technology to Increase food Transparency

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Albertsons Companies, one of the largest food and drug retailers in the United States, is joining the Blockchain-based IBM Food Trust network. The company’s goal is to pilot the technology to improve how food is traced from farms to store shelves. The Albertsons’ recent connection with the Food Trust ecosystem, a network that already has more than 80 brands, will bring Blockchain-based food traceability to many more consumers and industry players, like producers and retailers. Joining IBM’s Food Trust Network will help enable greater transparency and collaboration, and ultimately, a…

US Food Retailer Albertsons Uses IBM Food Trust Blockchain to Track Lettuce

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United States food and drug chain Albertsons Companies has become the latest client retailer of IBM’s Food Trust blockchain platform, the company confirmed in a press release on April 11. Albertsons, which operates a network of 2,300 stores across the U.S., will use the platform initially to track the supply chain for romaine lettuce, but aims to branch out into other products. Since it launched in October 2018, Food Trust has grown to incorporate around 80 clients in a rapidly-expanding industry, Albertsons noting that over five million food products now…

Binance Partners With CipherTrace in Latest Compliance Push

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Malta-based cryptocurrency exchange Binance is embarking on a multi-pronged push to boost compliance procedures across its platform. To that end, Binance is announcing a new partnership with the blockchain analytics firm CipherTrace to enhance anti-money laundering (AML) processes like tracing the source of on-chain funds and matching user IDs to problematic wallet addresses. “We are very serious about improving our compliance standards,” Samuel Lim, head of compliance at Binance, told CoinDesk. “We will continue to build our [compliance] team, continue to re-invest in the compliance space.” The addition of CipherTrace,…

U.S Bitcoin Trader Bags Two Years Imprisonment for Illegal Transactions

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A United States court has sentenced Jacob Burrell Campos to two years imprisonment for operating a Bitcoin exchange business that sold hundreds of thousands of dollars worth of bitcoin without registering with the relevant financial authorities as a money transmitter. The Exchange also failed to implement proper know-your-customer (KYC) and anti-money-laundering (AML) measures, reports TNW April 9, 2019. Jacob Burrell Campos Jailed Per sources close to the matter, the long arm of the law has caught up with Jacob Burrell Campos, a 22-year-old United States citizen and Mexico resident for…

Speak Out: Predicting Bitcoin’s Price

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Last week, Bitcoin skyrocketed to $5,000 within just a few hours, breaking the three-month stagnation. But have we already entered the bull market? What should we expect next month? Today, we invite you to share your Bitcoin price predictions. And this time, our subscribers have a chance to win a soft warm branded hoodie from our store! Please note that you only have 48 hours to leave your comment below. The person whose prediction is the closest to Bitcoin’s price on May 1, 2019 (12 PM GMT+3) will get the…

This Crypto Surged 65% on Thursday, Nudged Korean Traders to Dump Bitcoin

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Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Price of Crypto.com Chain (CRO) on Thursday surged up to 37.33% ahead of the European market open. The CRO-to-dollar exchange rate established an intraday high towards $0.085, bringing its total…

Bitcoin Price & Technical Analysis: BTC Took a Break but May Still Rise

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Photo: QuoteInspector By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. Nicholas Weaver from International Computer Science Institute says the Bitcoin is not viable. Bitmain is not scared of China banning crypto mining. Nicholas Weaver at International Computer Science Institute says the Bitcoin is not viable. The best thing you could do with it is throw it away, he added, as it’s not good for anything else. In particular, the transaction cost is higher than elsewhere, especially in terms of small transactions, Weaver says. He also thinks buying the BTC is quite…