Tagged: ciphertrace

CipherTrace Announces New Feature “Armada” to Provide Financial Institutions Critical Visibility Into High-Risk Cryptocurrency Payment Blind Spots

Blockchain security company CipherTrace announced this week the launch of its new feature, Armada. According to CipherTrace, Armada was created to support banks and financial institutions in achieving AML compliance by providing critical visibility into risky cryptocurrency blind spots so know your customer (KYC) processes… Read More

CipherTrace Enlisted to Advise Japanese Regulators on FATF Crypto Travel Rules

CipherTrace, a cryptocurrency research and tracking platform that provides services to both the public and private sector, has distributed a note that it is meeting with Japanese financial regulators to review the relatively new FATF travel rules and its impact on “virtual asset service providers… Read More

Emails Fill the Inbox as Fintechs Assure Customers that its Business as Usual (Pretty Much)

After less than a week of COVID-19 fueled lockdown, it seems like the world has been turned upside down as a new reality has set in due to “social distancing” and “shelter in place” demands. In the US, the National Guard is not yet patrolling… Read More

New Jersey’s NICE Actimize Confirms CipherTrace has Joined Financial Crime and Compliance Platform X-Sight MarketPlace

New Jersey-based NICE Actimize, a subsidiary of Israel-headquartered NICE Ltd, recently confirmed that CipherTrace, a leading provider of digital currency intelligence and blockchain security, has joined the X-Sight Marketplace – which is an established platform for combating financial crime and ensuring compliance. The X-Sight Marketplace… Read More

CipherTrace Partners with Newly-Formed Anti-Human Trafficking Intelligence Initiative to Further Organization’s Efforts to Fight Human Trafficking

CipherTrace, an established provider of cryptocurrency-related intelligence and blockchain security solutions, recently revealed that it will team up with the newly-formed Anti-Human Trafficking Intelligence Initiative (ATII), in order to further the organization’s efforts related to fighting global human trafficking. Pamela Clegg, director of financial investigations… Read More

CipherTrace: Top US Banks Unknowingly Processed $2 Billion for Unregistered Cryptocurrency Oufits

In a press release introducing new software that helps banks detect cryptocurrency risk threats, cryptoforensics firm CipherTrace claims, “every one of the top 10 U.S. retail banks currently have unregistered cryptocurrency MSBs—including crypto exchanges—transmitting funds on their payment networks.” The claim is remarkable because banks are known… Read More

$4.4 Billion in Cryptocurrency-related Thefts Scams Recorded in 2019 but Scams Decline During Q3: CipherTrace Report

CipherTrace, an established crypto and blockchain intelligence company, has published its Q3 2019 Cryptocurrency Anti-Money Laundering (AML) report. The report addresses “cryptocurrency regulation, nefarious actors within the ecosystem, impending legislation, international trends and prevailing sentiments,” according to a press release shared with CrowdFund Insider. The… Read More

FinCEN Director Kenneth Blanco Says US Government will Strictly Enforce Rule Requiring Cryptocurrency Firms to Share User Data

The US government will reportedly be enforcing a rule which requires companies dealing in cryptocurrencies, including digital asset wallet providers and exchanges, to share details about their clients. This, according to Kenneth Blanco, director of the Financial Crimes Enforcement Network (FinCEN). The “travel rule” for… Read More

Binance to Offer Institutional-Grade AML Controls and Transparency with Support from CipherTrace

California-based blockchain analytics firm CipherTrace recently began supporting crypto exchange Binance’s native digital token, BNB, and its public blockchain platform, Binance Chain. As explained in the release, “Binance Chain is the underlying blockchain layer for Binance’s (decentralized/non-custodial exchange) DEX. Now, with support from CipherTrace, Binance… Read More

Blockchain Secuirty Firm CipherTrace Launches Comprehensive Virtual Asset Tracing Capability

CipherTrace, the leading provider of cryptocurrency intelligence and blockchain security, announced on October 15 the launch of a comprehensive virtual asset tracing capability.  According to a press release shared with Crowdfund Insider, CipherTrace customers can trace Bitcoin (BTC) transactions and over 700 digital tokens following… Read More

CipherTrace Hosting FATF Crypto Travel Rule Hackathon

Blockchain forensics firm CipherTrace is hosting a Travel Rule Compliance Conference and Hackathon in San Francisco November 5th and 6th. The event has been organized, “to develop open solutions that cryptocurrency exchanges, hedge funds, blockchains and banks urgently need to comply with both the FATF and… Read More

CipherTrace Launches Open Source Solution For FATF Travel Rule Compliance

Blockchain security company CipherTrace announced on Tuesday the launch of its open-source Travel Rule Information Sharing Architecture (TRISA) solution. According to CipherTrace, TRISA enables cryptocurrency exchanges to comply with new funds Travel Rule requirements. CipherTrace revealed that Virtual Asset Service Providers (VASPs) may immediately begin… Read More

Blockchain Security Company CipherTrace Forms New Partnership With Rakuten Wallet For Anti-Money Laundering Compliance

Blockchain security company CipherTrace announced on Wednesday it has formed a new partnership with Rakuten Wallet, a subsidiary of Rakuten Group, a global company that operates an e-commerce site in Japan, to assure anti-money laundering (AML) compliance for the Rakuten’s highly anticipated cryptocurrency exchange. According… Read More

Ciphertrace: Crypto Criminals Stole $1.2 Billion in First Quarter

Cryptosecurity firm Ciphertrace has published their Q1 report tallying scams, frauds, and other nefarious acts in the crypto sector and the first three months of 2019 were productive ones for the bad guys. According to Ciphertrace, during the first three months of 2019, $1.2 billion… Read More

Binance Announces Partnership With CipherTrace

Cryptocurrency exchange Binance announced on Thursday it has formed a new partnership with blockchain security company CipherTrace to further enhance the exchange’s robust anti-money laundering (AML) compliance program. Binance reported that CipherTrace will raise its platform’s compliance standards in line with a worldwide progression of… Read More

CipherTrace CEO: “It is a constant challenge to keep pace with crypto crimes and scams”

CipherTrace is a cryptocurrency cyber assurance and compliance firm that has recently formed some interesting partnerships. In February, CipherTrace was backed by $15 million in venture funding to help fulfill its mission on crypto security. In January, CipherTrace published a report on the global cryptocurrency… Read More

Blockchain Forensics Firm CipherTrace Issues Statement in Response to #DeleteCoinbase Campaign

CipherTrace, a “blockchain forensics” firm that provides law enforcement and other clients with real-world data on cryptocurrency transactions, has issued a statement assuring the public that it does not sell data it obtains during the course of business to any third parties. The statement comes… Read More

Malta Financial Services Authority Partners with CipherTrace to Guard Against Crypto Fraud, Money Laundering

The Malta Financial Services Authority (MFSA) has enlisted CipherTrace Compliance Monitoring to better manage operational risks regarding digital assets. The MFSA is implementing the CipherTrace tool which is designed to continuously rate the risks of cryptocurrency businesses to protect consumers, investors, and business partners. The… Read More

CipherTrace Secures $15 Million Venture Capital Investment For Cryptocurrency Security, Intelligence, & Regulatory Compliance

Blockchain security company CipherTrace announced on Tuesday it secured $15 million venture capital investment. The latest funding round was led by Aspect Ventures and includes other notable investors such as Galaxy Digital, Neotribe Ventures, and WestWave Capital. As part of the investment, Aspect’s Mark Kraynak will… Read More

IdentityMind Global Forms New Partnership With CipherTrace to Povide Virtual Currency Risk Assessment

IdentityMind Global, a SaaS RegTech platform that builds, maintains and analyzes digital identities worldwide, announced on Monday it has formed a partnership with CipherTrace to provide digital currency risk assessment technology. The integration between the companies will allow virtual currency exchanges, ICOs, hedge funds, financial institutions, and… Read More

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