Day: December 13, 2019

Chainalysis to Provide Bitfinex With ‘Privacy-Safe’ Tools to Combat Crime

boss

New York-based blockchain analytics firm Chainalysis is set to provide crypto exchange Bitfinex with its Anti-Money Laundering compliance solution. In a press release published on Dec. 12, both firms took pains to stress that the solution will be privacy-safe, but help Bitfinex to crack down on bad actors using its platform. Enhanced monitoring Chainalysis is one of the highest-profile firms in the blockchain intelligence industry, providing solutions — such as its proprietary KYT (Know Your Transaction) tool — that enable firms, governments and law enforcement agencies to monitor blockchain transactions…

Alleged Bitcoin Ponzi Scheme Assets Frozen as US Judge Grants Injunction

boss

A United States court has granted regulators a preliminary injunction against an alleged Bitcoin (BTC) Ponzi scheme which reportedly defrauded investors of $11 million.  In a filing with the United States District Court in Nevada dated Dec. 6, Judge Jennifer A. Dorsey ruled in favor of the Commodity Futures Trading Commission (CFTC) and against Circle Society, along with its operator, David Saffron.  CFTC wins injunction against CIrcle Society “…I find that this is a proper case for granting a preliminary injunction and other equitable relief to preserve the status quo,…

Blockchain Supply Chain Platform Gains Metals Giant Glencore as Member

boss

British-Swiss commodity trading and mining company Glencore will use an IBM-developed blockchain solution to track cobalt.  In a press release issued on Dec. 12, Glencore confirmed it had joined the Responsible Sourcing Blockchain Network (RSBN), a joint partnership between various major corporations leveraging the technology to improve supply chain transparency.  Glencore: blockchain aids good practice RSBN is the brainchild of global sourcing audit and advisory RCS Global Group. It uses the IBM Blockchain platform and is powered by Hyperledger Fabric.  “RSBN plays a key role in advancing the sustainable partnership…

24K Casino Adds Ethereum – Bitcoin News

boss

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. We live in an era where the latest technology profoundly shapes our daily lives. The past decade has seen an unprecedented growth in technology that not only revolutionized the online gaming industry but literally turned it on its head. The technology we’re talking about here is none other than Bitcoin (BTC). When it…

Pennsylvania Man Charged With SIM Swap Conspiracy to Steal Crypto

boss

United States authorities have charged a Pennsylvania man with conspiracy to commit wire fraud and extortion via a series of SIM swaps targeting cryptocurrency execs and investors. SIM-swapping — alternatively known as a port-out scam — involves the theft of a cell phone number in order to hijack online financial and social media accounts, enabled by the fact that many firms use automated messages or phone calls to handle customer authentication. As per a Dec. 11 news release from the U.S. Department of Justice, Anthony Francis Faulk, 23, allegedly used…

Darknet Marketplace Plans $146M ICO for Global Expansion

boss

Russia’s largest darknet marketplace is looking to raise $146 million in a token offering that would allow it to go global.  As Forklog reported on Dec. 11, the token sale is almost certainly illegal — in this case not merely for flouting securities laws or other financial regulations.  “A new era in the West” The operators of the marketplace, known as “Hydra,” have ambitions to roll out their model of anonymized, rogue trading for illicit substances at a massive scale. An investment memorandum, accessible only via dark web browsers like…

Uphold and Salt Partner to Bring Liquidity to Millions Using Crypto-Backed Loans

boss

Uphold, a digital money platform providing access to investments and payments using blockchain technology, has announced a partnership with crypto-backed lending company Salt. Together, the two plan to provide users with cash or stablecoin loans using cryptocurrencies as collateral. Uphold’s 1.7 million users can now secure loans through Salt against their holdings in Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Dash (DASH), and XRP. The integration of the two platforms provides enhanced access to liquidity, enabling users to unlock additional value in their crypto holdings. Robin O’Connell, Uphold’s…