Blockchain analytics company Coinfirm recently unveiled a new anti-money laundering tool for the decentralized finance, or DeFi, niche of the crypto space — a sector facing regulatory crackdown on the horizon, according to Jakub Fijolek, Coinfirm's chief technology officer. "DeFi might soon have some regulatory issues," Fijolek told Cointelegraph in an interview. "The amount of funds that are flowing through DeFi is growing significantly." The DeFi niche of crypto has ballooned in 2020. In February, the total value locked in the sector reached $1 billion. Amid significant growth and interest, the niche went as high as $10 billion at one …

Ethereum, a household name in the crypto industry, fired up its network on July 30, 2015, but what happened to the first ETH coin ever mined all those years ago? Blockchain analytics and Anti-Money Laundering company Coinfirm found out. “Another great example of the many benefits of blockchains such as Ethereum compared to the traditional space, we can see and understand the literal creation of value and how it moves," Coinfirm co-founder and CMO Grant Blaisdell told Cointelegraph, adding, "In a time where fiat printing by central banks and other major elements are absolutely unknown to the people and businesses …

Over the last several months, a number of people claiming to be Cointelegraph staff have paraded around LinkedIn and Telegram, as well as through email. These efforts often attempt to lure unsuspecting victims into sending payments in exchange for stories written about them or their companies and posted on Cointelegraph. Through work with blockchain analytics and Anti-Money Laundering company Coinfirm, Cointelegraph tracked some of this activity, shedding light on the situation. “Scammers are relatively effectively using the identities of trusted or influential people such as journalists in various ways to scam crypto holders out of funds," Coinfirm CMO and co-founder, …

Binance Korea will be monitoring activity on its platform for signs of money laundering thanks to a solution developed by Coinfirm. The partnership, announced on Monday, will help Binance’s Korea branch remain compliant with Anti-Money Laundering egulations resulting from the Financial Action Task Force’s Travel Rule. Coinfirm provides a blockchain-agnostic AML platform offered to various institutions dealing with cryptocurrencies. Their previous clients include European banks, blockchain projects such as XRP and RSK, custodians such as Xapo and the government of Gibraltar. As Cointelegraph previously reported, Binance already integrated Coinfirm’s solution on its main platform back in October. Nevertheless, the main …

Polish insurance company Link4 has partnered with a regtech firm Coinfirm to streamline document correspondence and storage with a blockchain-based system. Called Trudatum, the blockchain-enabled tool developed by Coinfirm reportedly allows the firm to transfer and store electronic documents and ensure their immutability. For Link4’s customers specifically, it means that their insurance papers could be accessed and verified online, thereby reducing the overall amount of paperwork for the company. Link4 considers itself the leader of the direct insurance market in Poland. Launched in 2003, the company was allegedly the first on the local market to sell motor insurance exclusively via …