Peer-to-peer exchange Paxful will add security to its operation through a partnership with blockchain analysis outfit Chainalysis. Through a new partnership, Paxful will harness specific technologies from Chainalysis. “Paxful uses the Chainalysis Reactor to conduct deep investigations and the Chainalysis KYT to monitor transactions for any illicit behavior,” Youssef said, referring to the firm’s Know Your Transaction solution — a similar acronym to Know Your Customer, or KYC, regulations. Youssef added: “Through working with Paxful, Chainalysis is evolving its policy and will evaluate P2P exchanges on a case-by-case basis before labeling them as risky, just as it does for other …
Saga Monetary Technologies’ SGA stablecoin is now compatible with keyless wallet ZenGo, thanks to a recent partnership between the two companies. “ZenGo provides guaranteed access, meaning that even if we stop operating, user funds will remain 100% available for the users to move them anywhere they wish,” ZenGo CEO Ouriel Ohayon explained to Cointelegraph about the keyless wallet. Users can now hold their SGA tokens in ZenGo’s wallet, Saga said in a March 19 statement. ZenGo’s wallet does not employ private keys. ZenGo’s main wallet will now hold SGA compatibility, a representative confirmed to Cointelegraph. The collaboration has an approach …
China Everbright Bank (CEB), a major commercial bank in China and one of the world’s largest public companies, is debuting a blockchain-based supply chain finance solution by Ant Financial. Ant Financial, the financial arm of Chinese e-commerce giant, Alibaba, has partnered with CEB to collaboratively implement Duo Chain — a network services platform designed to handle supply chain-related financial transactions. Ant Financial started working on the Duo Chain in 2019 CEB and Ant Financial initially formed their partnership during the second half of 2019. CEB is the first Chinese bank to deploy Ant Financial’s Duo Chain, as reported by local …
Crypto bounty payment platform Gitcoin announced it has enabled contributor payouts in Ethereum Classic (ETC). In partnership with Ethereum Classic Labs, bounty seekers now have the option to receive pay in ETC for their work on various open-sourced projects, Ethereum Classic Labs said in a March 16 announcement. The ETC core team confirmed to Cointelegraph that this partnership provides the option for ETC payout, regardless of the project being worked on. “This allows hunters to receive pay in ETC for our bounties and enables people who want to pay in ETC to do so,” the team said in an email. …
Major uranium producer Uranium One and distributed ledger technology (DLT) startup Insolar have teamed up to explore blockchain’s capabilities in uranium and energy trading. The partnership will focus on the improvement of the production and distribution of uranium, as multi-party deals in the industry are still conducted “using paper and pencil with non-standard contracts that cross borders and require tedious legal review.” Both Uranium One and Insolar believe that the integration of blockchain into uranium producers’ internal processes could make uranium supply chains more transparent. Uranium One expects that blockchain will enhance security, compliance and reliability in the sector. Insolar …
Major decentralized finance (DeFi) player MakerDAO (MKR) partnered with payment processor Simplex to create a fiat on-ramp for its Dai (DAI) decentralized stablecoin. According to an announcement on Mar. 3, the partnership makes it possible to buy Dai with the credit and debit cards of Simplex’s partner firms. Maker’s business development representative in Europe, Gustav Arentoft, said: “Having Dai integrated into Simplex is a benefit to current and future users, [...] it gives them a straightforward fiat on- and off-ramp with access to the industry’s biggest players.” MakerDAO is a leading player in the DeFi space and the organization behind …
The Republic of the Marshall Islands (RMI) has selected blockchain firm Algorand as technology partner for its national digital currency. After first revealing its planned digital currency — the Marshallese Sovereign (SOV) — back in February 2018, the Marshall Islands has taken a further step in the development by partnering with major blockchain startup Algorand. SOV supply will be algorithmically fixed to grow at 4% each year According to a March 2 announcement, SFB Technologies, the company that develops SOV’s blockchain infrastructure, revealed that the Marshallese digital currency will be based on Algorand technology. The Algorand protocol will be implemented …
The deadline for filing 2019 taxes in the United States is quickly approaching. Even for those declaring traditional income, the process can be lengthy to say the least. One of the biggest challenges for crypto holders in the US and beyond is how to declare their crypto assets and not run afoul of the IRS. Tax Season for Cryptocurrency Holders Made Simpler Blockfolio and Token Tax are trying to make this process easier for US residents. TokenTax is a platform for crypto investors which can analyze data from crypto transactions and generate the appropriate tax forms, while Blockfolio is a …
Hedera Hashgraph chose Google Cloud Platform as its preferred cloud provider for deploying its public networks. A Feb 11. post on Google blogs commends Hedera for the choice, while revealing that it is taking an active stake in the project’s governance. Hedera is set to use Google Cloud to host its public testnets and Hedera Consensus Service ecosystem. This allows Hedera developers to benefit from Google’s geographical coverage and infrastructure. Hedera is a distributed ledger technology project rooted in the enterprise world. It uses a hashgraph-based consensus algorithm to allow for multiple branches of blocks, as opposed to a single …
Cryptocurrency could be a game-changer for combating crime, a notion illustrated by CipherTrace’s newly formed partnership with the Anti-Human Trafficking Intelligence Initiative (ATII). CipherTrace, a leader in blockchain security, has announced that it will join forces with ATII to use crypto analytics to advance the organization's goal of combatting global human trafficking. Pamela Clegg, CipherTrace's director of financial investigations and education and a former United States intelligence service officer, will serve on ATII's advisory board, which consists of leaders with experience in anti-money laundering and cryptocurrency. Clegg will provide ATII with expertise on the subject matter, while helping with investigations …
French payment firm Ingenico has partnered with Singapore-based crypto startup Pundi X to enable its customers to receive payments in crypto using smartphones. Pundi X has integrated its point-of-sale payment gateway (XPOS) into Ingenico’s mobile portable POS solution APOS A8, the firm announced on Nov. 12. Through this partnership, merchants around the world using Ingenico’s Android-based APOS A8 will now be able to accept a wide number of crypto as payment options. Transactions will be processed directly through Pundi’s XWallet mobile app Specifically, installing the XPOS module on an Ingenico POS terminal will enable payments in cryptocurrencies including Bitcoin (BTC), …
Chinese e-commerce giant Alibaba has partnered with Bitcoin (BTC) rewards shopping app Lolli, enabling its shoppers to earn 5% back in Bitcoin. Alibaba customers can now get Satoshis (sats), the smallest unit of Bitcoin currency, worth 0.00000001 BTC, when shopping “thousands of items online,” Lolli says. World’s biggest retailer and biggest one-day shopping event The partnership was announced on Singles Day, a shopping holiday that is celebrated in China on Nov. 11 and is considered to be the world’s biggest one-day shopping event. According to Lolli, Alibaba shoppers spent more than $31 billion on Singles Day in 2018. Alex Adelman, …