Blockchain Press Releases
Reap Strengthens Its Compliance and Risk Management with Chainalysis
HONG KONG, Jan. 30, 2024 /PRNewswire/ — Reap, a leading payment technology company specialising in bridging Web2 & Web3 finances, is proud to announce its collaboration with the blockchain data platform, Chainalysis. Reap is utilising Chainalysis risk solutions that provide advanced transaction monitoring and robust illicit activity detection capabilities for the blockchain, ensuring the utmost protection for Reap’s user funds in the ever-changing digital landscape.
Chainalysis’ Crypto Crime Report 2024 estimates that while all crypto transaction volume associated with illicit activity amounts to just 0.34% in 2023, the value received by illicit cryptocurrency addresses totals at least $24.2 billion – a significant amount that needs to be addressed. Reap’s adoption of Chainalysis risk solutions helps tackle this issue, leveraging their advanced blockchain data platform to detect and trace on-chain illicit fund flows. By enabling Reap to trace the sender’s journey, Chainalysis enhances visibility and enables the detection of abnormal flows at any stage of the transaction process, emphasising the exceptional transparency offered by blockchain technologies.
Reap observed a notable trend in 2023; Around 20% of Reap’s clients who had not previously used digital currencies started using stablecoins for payments, highlighting the growing recognition of stablecoins. The global surge in digital currency adoption necessitates a comprehensive solution that ensures strict governance, transaction monitoring, and risk management to combat money laundering and other illicit activities. To address this, Reap has amplified its transaction processing capabilities and client protection by utilising Chainalysis risk solutions and its tools to enable real-time transaction monitoring and risk identification, bolstering Reap’s ability to mitigate potential risks. Furthermore, Chainalysis seamlessly integrates with Fireblocks, which serves as Reap’s custodian wallet. As a result, all transactions passing through Fireblocks are automatically screened by Chainalysis, promptly flagging any suspicious fund flows.
Kevin Kang, Co-Founder of Reap, expressed his enthusiasm for the collaboration, highlighting the company’s dedication to solidifying its position in the Web3 space. He stated, “Digital assets often face negative connotations, and Reap aims to dispel any doubts within the industry as global trends steer towards mass adoption. Collaborating with Chainalysis and leveraging their world-class technology allows us to strengthen Reap’s international connectivity. We are committed to upholding the highest compliance standards while remaining agile to meet our clients’ evolving business needs.”
“Blockchain is powering a growing wave of innovation, such as with Reap’s payment solutions, and risk management is an important step to advancing the industry and building trust in the technology. We are excited to be working with Reap to enable them to confidently manage risks while protecting customers, increasing consumer trust, and strengthening brand reputation,” said Diederik Van Wersch, Regional Director, ASEAN & Hong Kong.
The collaboration greatly enhances Reap’s ability to achieve the highest compliance standards in cryptocurrency transactions, demonstrating its commitment to responsible and ethical practices in the Web3 space. By employing Chainalysis’s advanced technology, Reap strengthens its ability to detect and prevent illicit fund flows, and thus, safeguarding users and the broader Web3 community.
About Reap
Reap is a payment technology company focused on connecting traditional finances with digital assets, combining spend management software with a range of innovative payment products to orchestrate success for businesses of all shapes and sizes.
Our card issuing solutions allow businesses to securely issue and curate their own credit card programs, providing seamless experiences for customers. Together with our expense management software, which combines global payout and our flagship Reap Visa Corporate Credit Card, we empower businesses to take control of their finances and streamline their operations.
Reap is supported by an empowering group of investors, including Acorn Pacific Ventures, Arcadia Funds, HashKey Capital, Hustle Fund, Fresco Capital, Abacus Ventures and Payment Asia. The Company was founded in 2018 and has since expanded to a team of over 70, working across offices in eight countries.
For more information, please visit: https://reap.global/
About Chainalysis
Chainalysis is the blockchain data platform. We provide data, software, services, and research to government agencies, exchanges, financial institutions, and insurance and cybersecurity companies in over 70 countries. Our data powers investigation, compliance, and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases and grow consumer access to cryptocurrency safely. Backed by Accel, Addition, Benchmark, Coatue, GIC, Paradigm, Ribbit, and other leading firms in venture capital, Chainalysis builds trust in blockchains to promote more financial freedom with less risk.
For more information, visit www.chainalysis.com
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Blockchain
Andrew Cardno to speak on the session titled “The Seven Forces Transforming Our Industry (Whether We Like It or Not)”
Quick Custom Intelligence (QCI) is pleased to announce a must-attend session at the upcoming January 28–30, 2025, Raving Next: Indian Gaming Strategic Operations and Leadership Conference at Pechanga Resort Casino in Temecula, CA. This event will feature Andrew Cardno, CTO of QCI, as he delivers an in-depth exploration of the rapid technological evolution reshaping tribal gaming, including the impact of Artificial Intelligence (AI) and robotics on gaming floors and team members.
The signature session, titled “The Seven Forces Transforming Our Industry (Whether We Like It or Not),” will take place on January 29, 2025, from 1:15 – 2:00 PM (Mainstage). Mr. Cardno’s presentation will discuss how casino operators can adopt these advanced tools while preserving core traditions and staying ahead of the competition.
“AI and robotics are no longer futuristic concepts in the tribal gaming space—they are here now,” said Andrew Cardno, CTO of QCI. “Our goal is to help operators confidently integrate these technologies and develop robust plans for sustainable success.”
The session will also feature insights from Deana Scott, CEO of Raving Consulting, who will offer guidance on seamlessly incorporating new technologies into tribal enterprise strategies, ensuring both guest experience and workforce well-being remain top priorities.
“This isn’t about technology for technology’s sake,” noted Deana Scott. “It’s about finding the best fit for each tribal enterprise, ensuring the heart of our industry—our people and culture—remains at the forefront of decision-making.”
Attendees can expect to leave with practical approaches to integrating and leveraging emerging technologies in ways that reinforce the unique strengths of tribal gaming, enhance operational efficiency, and empower team members.
The post Andrew Cardno to speak on the session titled “The Seven Forces Transforming Our Industry (Whether We Like It or Not)” appeared first on News, Events, Advertising Options.
Blockchain Press Releases
SquaredFinancial adds the Trump and Melania meme coins to its crypto offering
VICTORIA, Seychelles, Jan. 24, 2025 /PRNewswire/ — Industry-leading fintech firm, SquaredFinancial, proudly announces that it has added the newly launched Trump and Melania meme coins to its crypto offering, empowering investors to gain wider access to the most popular markets and diversify their trading.
This new addition aligns with the company’s commitment to catering to the evolving needs of investors from different backgrounds and offering them quality and innovation. Clients and leads can now trade the trending Trump and Melania meme crypto coins on SquaredFinancial’s MetaTrader 5 (MT5) platform with competitive conditions and leverage.
SquaredFinancial constantly introduces new products to leverage the trading experience of its existing clients and attract potential traders who are on the pursuit of a trusted and reliable financial partner. The company thrives to keep innovation at the centre of its business. Its technology growth, competitive offerings, extensive expertise and education endeavours, are constantly recognized by renowned bodies.
Crypto enthusiasts are invited to visit SquaredFinancial website to learn more.
About SquaredFinancial
SquaredFinancial is a well-capitalized FinTech firm founded in 2005. It aims at becoming a one-stop shop that meets investors’ financial needs. With around two decades of experience in financial technology and trading, it offers global solutions to traders of different generations and backgrounds, who are looking for an intuitive and sophisticated investment gateway. It is led by market experts and leadership veterans who share a passion for trading and a vision to reshape the industry landscape. As a regulated firm, it provides investors with an online platform backed by cutting-edge technology that offers the opportunity to trade a wide range of instruments from different asset classes. SquaredFinancial has recently launched its proprietary mobile trading app and its innovative fixed-time deposit account.
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View original content:https://www.prnewswire.com/in/news-releases/squaredfinancial-adds-the-trump-and-melania-meme-coins-to-its-crypto-offering-302359583.html
Blockchain
Blocks & Headlines: Today in Blockchain (Ethereum, Quantum Emotions, Pepeto, Zeus Investments, AgileGTM)
Ethereum’s Challenges Highlight the Importance of Blockchain Integrity
Ethereum, once hailed as the undisputed king of smart contract platforms, is facing mounting criticism over scalability issues and increasing centralization concerns. Critics argue that Ethereum’s looming challenges serve as a cautionary tale about the importance of maintaining blockchain integrity in the pursuit of innovation.
The network’s shift to proof-of-stake has introduced debates about validator centralization and network control. As transaction fees remain high and competition from newer blockchains intensifies, Ethereum’s journey underscores the delicate balance between growth and decentralization in the blockchain ecosystem.
Source: Bitcoin Magazine
Quantum Emotions Introduces Revolutionary Quantum Wallet
Quantum Emotions, a pioneering quantum technology firm, has unveiled its groundbreaking quantum wallet designed to provide unprecedented security for blockchain users. Leveraging quantum random number generators, the wallet ensures ultra-secure private key management and protection against emerging quantum threats.
As the blockchain industry prepares for a quantum computing era, innovations like this wallet highlight the need to future-proof digital assets. Quantum Emotions’ solution is a step forward in safeguarding the integrity of blockchain transactions in an increasingly complex technological landscape.
Source: Finance Yahoo
Pepeto Simplifies Cross-Chain Trading for Blockchain Users
Pepeto, a trailblazer in the blockchain space, is revolutionizing cross-chain trading with its user-friendly platform. By simplifying blockchain transfers across different networks, Pepeto addresses a significant pain point for users navigating the complexities of decentralized finance (DeFi).
The platform’s intuitive interface and efficient protocols enable seamless asset transfers while reducing transaction costs and processing times. As interoperability becomes a crucial factor in the blockchain sector, Pepeto’s innovation is set to reshape how users interact with decentralized ecosystems.
Source: Bitcoinist
Zeus Investments Launches Blockchain Research Division
Zeus Investments has announced the launch of its dedicated blockchain research division, aimed at driving innovation and identifying strategic opportunities in the blockchain sector. The division will focus on exploring emerging technologies, evaluating market trends, and fostering partnerships with industry leaders.
By committing resources to blockchain research, Zeus Investments signals its belief in the transformative potential of decentralized technologies. This initiative underscores the growing interest among traditional financial institutions in harnessing blockchain’s disruptive capabilities.
Source: Finance Yahoo
AgileGTM Blockchain Fund Secures $2M in First Close of $10M VC Fund
AgileGTM has achieved a significant milestone by securing $2 million in the first close of its $10 million pan-European blockchain venture capital fund. The fund aims to support early-stage blockchain startups across Europe, focusing on innovative solutions in areas such as DeFi, NFTs, and enterprise applications.
This development highlights the increasing appetite for blockchain investment and the role of venture capital in accelerating the growth of the industry. AgileGTM’s initiative reflects the potential for blockchain to drive economic transformation and innovation across diverse sectors.
Source: Tech.eu
The post Blocks & Headlines: Today in Blockchain (Ethereum, Quantum Emotions, Pepeto, Zeus Investments, AgileGTM) appeared first on News, Events, Advertising Options.
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