American payments services provider, Mastercard has announced the acquisition of blockchain intelligence and security services provider, CipherTrace. According to the official announcement, the terms of the deal were not made public, however, the acquisition will come off as a mutually beneficial move for both Mastercard and CipherTrace. CipherTrace provides crypto intelligence tools that help in
The Decentralized Finance (DeFi) sector has witnessed an explosive growth this year. The total value locked (TVL) across all decentralized finance (DeFi) protocols has hit a new all-time high of $84 billion as August comes to a close, according to Data Aggregator DeFi Pulse. Per ConsenSys’s Q2 2021 DeFi report, billions of institutional capital is
crypto.com, a Hong Kong-based cryptocurrency payment platfrom with over a 3 million user base has become the first firm to use CipherTrace’s new traveler tool to comply with FATF’s global Anti-Money Laundering (AML) travel rule laws. The newly updated FATF guidelines are considered to be quite complex and thus a compliant solution from CipherTrace makes
CipherTrace, a leading crypto intelligence company has launched its new compliance solution CipherTrace DeFi Compli that helps decentralized exchanges (DEXs) and DeFi applications to abide by the rules and regulations of the Office of Foreign Assets Control (OFAC). This is a big step towards bringing legitimacy to the fastly evolving DeFi space. The CipherTrace DeFi
Bitcoin and Cryptocurrency have been gaining a lot of mainstream traction since the past couple of years. Before the Bitcoin and cryptocurrency prices made the headlines in 2017, the general perception of cryptocurrency was negative. While the perception is changing now, a recent report reveals that the situation hasn’t improved considerably from the past year.