Bittrex to Use Chainalysis Tool to Identify High-Risk Transactions

Cryptocurrency exchange Bittrex is incorporating Chainalysis’ know your transaction tool to spot high-risk transactions. Cryptocurrency exchange Bittrex is incorporating Chainalysis know your transaction (KYT) tool to spot high-risk transactions. Compliance standards In a Sept. 26 press release, Chainalysis Inc. announced the deployment of its real-time transaction monitoring solution to the Seattle-based blockchain trading platform Bittrex. […]

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Medici Bank Launches Private Beta Testing in October: Report

Puerto Rico-based Medici Bank, founded by a direct descendant of the Italian Medici dynasty, launches private beta testing in October. Puerto Rico-based Medici Bank, founded by a direct descendant of the Italian Medici dynasty, launches private beta testing in October. Medici Bank will be piloting digital onboarding procedures, application programming interface and web portals with […]

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StrongSalt Raises $3M in Seed Round to Develop Encryption Platform-as-a-Service

Advisory firm Valley Capital Partners has invested $3 million into encryption platform-as-a-service StrongSalt. Advisory firm Valley Capital Partners has invested $3 million into encryption platform-as-a-service StrongSalt. Per a Sept. 26 press release, StrongSalt raised $3 million from Valley Capital Partners in a seed round to further develop its encryption platform designed for developers and enterprises. […]

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Overstock’s VC Arm Puts $2M Into Blockchain-Based ID Systems Startup

Overstock’s Medici Ventures invests $2 million into Salt Lake City-based Evernym, a startup developing blockchain-based self-sovereign identity networks. Overstock’s venture capital arm Medici Ventures has made a $2 million investment into Salt Lake City-based Evernym, a startup that develops blockchain-based self-sovereign identity networks. Per a Sept. 26 press release, Medici invested $2 million into Evernym […]

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Only Reporting Part of Your Crypto Addresses? The IRS Needs to Know

The United States Internal Revenue Service (IRS) commissions blockchain analysis services and can investigate crypto reports. Just a few months ago in July 2019, the United States Internal Revenue Service (IRS) sent approximately 10,000 letters to cryptocurrency holders regarding their crypto holdings. The letters detailed that recipients may not have reported their transactions properly, or […]

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