Tagged: elliptic

Blockchain Network Zilliqa to Use Elliptic’s Risk Management Tools to Enhance Platform Infrastructure Security and Compliance

Zilliqa, a blockchain-based platform that aims to deliver high-throughput and high-security, has teamed up with Elliptic, a provider of digital asset risk management software for crypto firms and financial institutions. According to a press release shared with Crowdfund Insider, the partnership between Zilliqa and Elliptic… Read More

The European Fifth Anti-Money Laundering Directive Kicks in On January 10th

In the European Union, the fifth Anti-Money Laundering Directive (5AMLD) entered into force on 9 July 2018 but impacted firms have until January 10, 2020, to become compliant. Crypto companies, or virtual asset service providers (VASPs), will be expected to step things up and adhere… Read More

AML Compliance Firm Elliptic Launches XRP Monitoring Platform, Points to $400 Million in Nefarious Transactions

Elliptic, a provider of crypto-asset risk management solutions, has launched a monitoring system for XRP (Ripple) transactions. Simultaneously, Elliptic claims they have identified “$400 million of illicit activity” without naming perpetrators nor specifically what type of illegal transactions are taking place. Elliptic notes that this… Read More

Crypto Asset Risk Management Solution Platform Elliptic Secures $23 Million Through Series B Funding Round Led By SBI Group

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Elliptic, a provider of crypto-asset risk management solutions for crypto businesses and financial institutions, announced on Wednesday it secured $23 million through its Series B funding round, which was led by SBI Group with participation from SignalFire, Octopus Ventures, and Santander Innoventures. Founded in 2013,… Read More

Steve Mnuchin’s Comments on Libra: “Bullish news for the future of cryptocurrencies”

US Secretary of Treasury Steven Mnuchin held a press conference yesterday in advance of Capitol Hill hearings this week addressing concerns surrounding Facebook’s stablecoin Lira. Mnuchin cautioned the audience that Facebook, and any other crypto creator, must adhere to the high standards of KYC and… Read More

Monero Developers Defend Their Cryptocurrency Against Allegations of Criminal Use

The development team behind the “privacy coin” Monero has taken exception to a Reuters report profiling the coin and highlighting its use by criminals. “For a story that ‘examines the features and characteristics of some of the alternatives to Bitcoin that have grabbed the attention… Read More

Wirex Strengthen Partnership With Elliptic to Prevent Cryptocurrency Fraud & Laundering

Wirex, a hybrid personal finance platform that merges blockchain tech and traditional finance, announced on Friday it has strengthened its partnership with cryptocurrency safety services Elliptic to reduce the risk of cryptocurrency fraud and money laundering. According to Wirex, the duo has been working together… Read More

Hamas Sophisticating Its Bitcoin Donations System

Israeli civic-defence groups have been sounding the alarm since January that the militant Palestinian-liberation organization Hamas has started raising funds via Bitcoin. And while donations of Bitcoins to Hamas so far pale in comparison to the millions of dollars Hamas is believed to receive from… Read More

Alleged Bitcoin Launderer Accused of Handling Funds for Russian US Election Hackers Ends Lengthy Hunger Strike

Alexander Vinnik, a Russian citizen accused of laundering billions while allegedly running the BTC-e Bitcoin exchange in London, has ended his 80-day hunger strike, Urdu Point reports. Vinnik was detained in the summer of 2017 after being arrested while vacationing in Greece with his family…. Read More

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