Cryptocurrency forensics platform CipherTrace has announced the launch of a new tool — Armada — for banks to use in tracking suspicious crypto transactions.The move signals the company’s expanding presence in the virtual currency monitoring space having been assisting crypto exchanges in creating protocols based on the regulatory provisions enacted by financial regulators across the…

CipherTrace’s tracking tool, Armada, will help banks better monitor crypto activity. Though such a service will protect financial institutions, it could have serious implications for crypto enthusiasts. Key Takeaways CipherTrace offers banks a suite of new AML and KYC tools to better monitor crypto activity. U.S. regulators already have identified the potential for cryptocurrencies to…

Pepperstone Group is a broker for CFDs and forex, providing a trading platform for those of all skill levels. The broker aims to appeal to both novices and experienced traders with its range of tools and educational materials.Pepperstone helps both institutional and retail investors with using instruments like forex as a class of assets as…

Instant messaging app Telegram wowed the cryptoeconomy in early 2018 when its team raised nearly $2 billion USD for the Telegram Open Network (TON) blockchain upon the firm’s Gram token sale. Yet that token offering has now turned out to be a major strategic mistake.Indeed, in the wake of the Gram token sale, Telegram faced…

Ethereum is used as money far more often than Bitcoin, at least according to one new analysis of on-chain data. Key Takeaways Analyzing the top 10,000 ETH addresses shows that Ethereum has significant transaction volume, compared to that of Bitcoin. 16% of the Ether in circulation has been actively used in the past 90 days,…

ExpertOption is an online trading platform which allows you to trade a range of financial instruments in a well-designed and easy to use interface. You can trade via their website or by downloading one of their apps.The platform began providing services in 2014 and executes more than 30 million deals every month. So far, more…

Bitcoin’s hashrate has fallen since its May 11 halving, but long-term the network remains healthy. Key Takeaways Bitcoin’s hashrate fell by 30% between May 9 and May 12 because of the halving. Mining remains profitable for miners with efficient machines despite the drop in total hashrate. The network is behaving the way it did in…

Despite the reversal by the Supreme Court on the ban placed against crypto exchanges by the Reserve Bank India (RBI), local Bitcoin exchanges are still facing difficulties in receiving services from financial institutions. Market participants are now calling on the RBI to offer up much-needed clarity on their regulatory status and tax obligations.Banks Still Shun…

While eToro is a key player in the world of CFDs and cryptocurrency trading, the company also offers a lot more than this now. They have led the fintech revolution for over a decade and built up a reputation as the leading social trading platform in the world.The company began as a general trading platform…

Ocean Protocol’s ongoing hackathon is bringing together blockchain technology, artificial intelligence, and the IoT to help solve the COVID-19 pandemic. Key Takeaways Ocean Protocol saw the pandemic coming long before it was officially identified by many experts. To help combat further spread, the project has tied with SingularityNET another decentralized AI firm to launch a…