Blockchain
BestChange Launches an AML Analyzer for Crypto Addresses Checking Read more on DailyCoin: https://dailycoin.com/press-releases/bestchange-launches-an-aml-analyzer-for-crypto-addresses-checking/
BestChange, a cryptocurrency exchange monitoring service, has launched a new tool designed to check cryptocurrency addresses for compliance with Anti-Money Laundering (AML) standards. This AML analyzer, hosted on the BestChange platform, allows users to verify cryptocurrency addresses before sending or receiving funds, thereby reducing risks associated with various cryptocurrencies.
The AML analyzer supports dozens of leading cryptocurrencies including BTC, ETH, DOGE, MATIC, and XRP, as well as tokens and popular blockchains such as ERC20 and TRC20. The tool is designed with a user-friendly interface to make the verification process quick and easy. Users only need an email to receive notifications, and no registration is required. The process involves entering a cryptocurrency address, and the system provides suitable assets for checking. The entire process takes no more than two minutes.
Cryptocurrency services are required to comply with the requirements of international financial regulators by checking incoming transactions for risk marks. If a crypto address shows signs of suspicious connections or has various risk flags, funds may be frozen for verification and KYC (Know Your Customer) procedures to find out the origin of the funds. The AML analyzer from BestChange helps users identify these suspicious connections and risk flags associated with crypto addresses. It provides detailed analysis and recommendations to avoid issues related to AML compliance.
The initial verification is available for a small fee, and all subsequent checks of an already checked address are free. Unlike other services focused on mass checks, the AML analyzer from BestChange allows users to perform individual checks, reducing the risks for private users when working with crypto assets. For user convenience, payment options with minimal fees are available, including Tron TRX, Bitcoin Lightning, Volet USD, and Payeer USD. More payment methods are planned to be added in the future.
Using BestChange’s AML analyzer helps users avoid problems when sending or receiving funds, protect themselves and their crypto assets, and receive clear recommendations based on detected risk flags. The BestChange team recommends checking crypto addresses before sending funds to ensure compliance and security.
Source: dailycoin.com
The post BestChange Launches an AML Analyzer for Crypto Addresses Checking Read more on DailyCoin: https://dailycoin.com/press-releases/bestchange-launches-an-aml-analyzer-for-crypto-addresses-checking/ appeared first on HIPTHER Alerts.
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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