The Wyoming Division of Banking has turned to blockchain analytics firm Chainalysis in an effort to combat cybercrime, money laundering and other criminal activities.
Wyoming to Work Closely with Chainalysis
The news of the partnership was announced on Chainalysis’ blog on Sept. 17. According to the blog post, the blockchain analytics firm will help the division strengthen its monitoring capabilities that it uses for tracing illicit activities pertaining to digital assets.
The Wyoming regulator will be using Chainalysis products and tools “to verify Wyoming banks’ compliance with anti-money laundering, Bank Secrecy Act, Know-Your-Customer, and sanctions.’’
The news of the partnership came just a day after the U.S. State of Wyoming granted the banking charter to the major cryptocurrency exchange Kraken.
Software for Verifying Wyoming Banks’ Compliance
The Wyoming Banking Board approved the application of Kraken to form a Special Purpose Depository Institution (SPDI) and allowed the exchange to develop a bank in the State of Wyoming. This is a significant step for the crypto space as Kraken becomes the first regulated cryptocurrency bank in the history of the U.S. With the Chainalysis partnership, however, it is clear the state also wants to maintain control and monitor closely crypto transactions.
Previously reported on how blockchain analytics firms provide insights to identify real-world threat actors, with Chainalysis stating that it could map addresses to real-world entities and further explaining:
“So that means, when you are in our product you can see that someone at Coinbase just sent X number of Bitcoin to someone at Kraken, or to a darknet market or to a child pornography site, or any number of services or entities on the blockchain. The way that we map it is through proprietary heuristics. It’s a combination of technology […] and actual people who work at our company and validate certain services.â€
Wyoming at the Forefront of Crypto Regulation in the U.S.
The partnership with Wyoming is said to be a one-year agreement, during which time the blockchain analytics firm will train senior examiners at Wyoming on crypto tracing practices.
The Division will also be granted two monitoring software licenses to the Division of Banking as well as investigatory support as it eases into its new crypto-facing compliance duties.
In the meantime, Wyoming has been at the forefront of digital asset regulation in the U.S. ever since 2018.
Just last year, the Wyoming Legislature authorized the chartering of SPDIs as a new bank charter, and also established a legal framework for digital asset custody and fiduciary activities. Currently, Wyoming is working on developing regulatory policies revolving around crypto assets, so that digital currencies can be monitored and transacted in a secure way.
Wyoming Division of Banking is working to find a middle ground between crypto and traditional banking institutions, and it seems to have progressed and succeeded in integrating both, starting with Kraken crypto exchange.
Oct 3rd, 2020 12:46:19
The South Korean Government is working on integrating blockchain technology into people’s homes to make it easier for them to vote and enjoy other services
As the blockchain frenzy in South Korea continues, the government is taking the technology to the housing sector by pledging $1.27 million to the cause. The funds will go towards developing a blockchain-based platform that targets people living in apartments across the country.
The Ministry of Science in South Korea has chosen a local firm, Ksign, for this project. Ksign will develop a contact-free platform that would enable residents to engage with electronic voting while enjoying other benefits, such as parking space management and a few other housing-based measures.
The new blockchain platform will enable people to vote from their homes. The national government seems to be making this move as the country conducted its latest legislative elections on April 15, 2020, at a time when the Coronavirus pandemic continues to impact the world.
The platform will be designed to aid social distancing; the creators of the platform believe this will boost public health in apartment spaces. The blockchain platform will be available for use by homeowners, residents and the management of apartment buildings. In addition to electronic voting and parking space management features, the platform will also provide video conferencing and electronic payment solutions.
Keo Ja-in, vice president of Ksign, while commenting on the development of the platform, stated they are developing a decentralised identifier (DID) that can be applied to the token ecosystem. They intend to achieve this by controlling personal information and verifying the identity of users by controlling personal information. “The goal is to also create a token ecosystem that can be used in any store,†he added.
The DID is a new type of digital identifier that supports a verifiable, decentralised digital identity. A DID identifies a subject (an organisation, a person, a thing, data model, abstract entity or more).
Blockchain voting has been one of the main talking points in South Korea recently. On September 11, the head of the Seocho regional government discussed the possibility of bringing a blockchain-powered voting platform to residents.
The developers have no set timeline for the completion of the blockchain voting platform. However, South Korea will hold its presidential elections in 2022, and it would be exciting to see blockchain technology playing a role in the upcoming election.
Oct 3rd, 2020 12:44:51
Etherniton articulated as "ether-nee-taun" and shortened to ENN, is a blockchain-fueled ERC20 consistent token, which works through keen contracts. Anchored by the Ethereum organize, you can utilize the ENN token for secure exchanges like different digital forms of money accessible in the crypto showcase today, for instance; Celsius, SkyChain, Altair, Lendo, ABYSS, and so on.
How does Etherniton function?
Etherniton encourages a good looking chance to procure from something that you never knew.
It gives you a chance to acquire cash utilizing its deliberately planned (UMP) one of a kind advertising stage.
The UMP cooperates with an assortment of applications, ambassadors, and specialist organizations through its API.
To begin with, it gathers information for investigation from the application clients who are associated with correspondence and afterward pays them two (clients and application designers) as per its pre-characterized parameters.
In addition, the installments you get from Etherniton come as the ENN token.
All you have to do to get installments from Etherniton, is essentially enter your particular wallet addresses in record settings and begin accepting ENN
Nov 7th, 2018 17:13:48
Making matters more complex, there’s a hard deadline for the upgrade, currently set for October. Predicted sometime in early 2019, a piece of code known as the difficulty bomb is scheduled enact, thereby making ethereum’s blocks steadily less time efficient to mine.
If no action is taken, the difficulty bomb will push ethereum into what is known as the “ice age,†a period wherein the difficulty is so high that transactions can no longer be processed, making the blockchain unusable.
Because delaying the difficulty bomb also impacts ether inflation (the time it takes to mine blocks is directly correlated to the quantity of ether distributed on the platform), ethereum is under pressure to upgrade its code before the bomb hits.
But, at present, a path forward remains unclear.
With a total of four ethereum improvement proposals (EIPs) currently under discussion, many are arguing that in delaying the difficulty bomb, Constantinope should also reduce the amount of ether that is currently paid out to miners, the entities that run specialty computing hardware to secure transactions.
However, miners are warning that too great a decrease in profits will reduce the security of the network, effectively forcing miners to secure other cryptocurrencies. (Concerns are especially great for GPU miners, which are now currently competing with ASICs, machines specialized for cryptocurrency mining and little else).
While an exact timeline for Constantinople has yet to be finalized, developers are pointing to late October or November as the likely timeline for the upgrade (any later could risk intersecting with the difficulty bomb). As such, in an upcoming meeting on Friday, developers are likely to finalize the EIPs to be included in the upcoming hard fork.
Aug 30th, 2018 12:49:21
Security issues
Decentralized and hybrid exchanges must rely on secure wallets to ensure safe digital signing of their clients’ instructions. Initially, JOYSO will support MetaMask and Ledger Nano S; two wallets used widely and well-regarded in the crypto community.
Disaster Recovery
A user can cancel orders he has previously signed with https://coinworldstory.com/neurogress/the assistance of JOYSO Administration. If the problem was with the JOYSO server, the user could lock his account for a period of time, then withdraw funds directly from the smart contract without JOYSO administrative involvement.
Governance
It is the way manage the deployment of new smart contracts, notifying users to withdraw funds and tokens from the old contract in a timely manner.It broadcasts operational status changes; for example, the launch of a new function, the blockchain’s current traffic load, system maintenance requirements, etc.
Features :
Code quality and testing
JOYSO use both behavior-driven development and test-driven development to ensure product security and a quality user experience. The use the Zeppelin Solidity framework to provide patterns for secure code that can be reused without duplication.
Smart Match
Off-chain smart matching; efficiently matching one-to-many.Customer engagement will be through both social channels and offline gatherings. JOYSO management has experience running education conferences and events and will use this to advantage
Aug 30th, 2018 12:46:57
BitSigma: Your guide in the world of cryptocurrency trading and mining
BitSigma is a UK based company that provides an online automated trading platform for cryptocurrency investment and Bitcoin Mining solutions. We pride ourselves in offering upright, rewarding investment opportunities, with more coins to collect on each step in this era of new generation currencies.
Our strong belief in the future of cryptocurrency forms the base of our confidence in the investments. Our online automated investment trading platform provides a wide range of services under the umbrella of cryptocurrency trading and Bitcoin Mining. Our hemisphere of service stretches to clients across various geographies with safe earnings.
We have a wide network of experienced professionals from technical, financial and legal backgrounds, ensuring the best possible investment opportunities to our clients. The user friendly interface and 24/7 customer care ease out the investment process for our clients. We also provide professional guidance for the first time investors.
OUR FEATURES
BitSigma is an authorised automated trading platform for cryptocurrency investment and Bitcoin Mining registered in the UK.
LEGAL COMPANY
BitSigma is an officially legal company, registered in UK, verified with incorporation number 11259035
OUR TEAM
BitSigma has an integrated network of international experts and cryptocurrency professionals, ensuring best possible guidance.
CUTTING-EDGE TECHNOLOGY
We have our own legalised Mining stations and hardware system to generate maximum power to mine various type of cryptocurrencies, with available economical electricity resources.
BANK LEVEL SECURITY
At BitSigma, we use the most advanced technology for security control panels, easing out the supervision of clients’ accounts. We adhere to the same security standards as are typical for banking sector.
PROFITABLE INVESTMENT
We drive a client-centric firm, and hence ensuring that our valued clients get the best possible profit margins on their investments.
CONSUMER SERVICE
Our team of experts ensure that no query related to cryptocurrency, bitcoin mining or block chain technology goes unresolved.
TRANSPARENCY
To have control and make better decisions, our experts certify you the benefit from total transparency with integrity being our core value.
INSTANT WITHDRAWALS
Hassle free payment withdrawals without any restriction through request made on our automated system
OUR VISION
Our vision is to create a strong international community of investors and traders, build on the core values of trust and integrity, also bringing the investors and traders on one platform, with all the deals happening under the guidance and supervision of finance, tech and legal professionals.
We are committed to become the leading firm of investment services with cryptocurrency and Bitcoin mining as our core domain, a trusted partner for companies and individual investors operating in the local as well as the global market.
We strive to be a universally recognised platform as a trusted investment partner, with complete display of integrity in all our transactions. Our focus is aimed at investing in and building a portfolio of sustainable investments, driven by established goals to build shareholder value, mindful of our clients’ interests. We remain to be committed to integrity, honesty and fairness in all dealings with all our stakeholders.
We aim to be a pioneer in providing value added financial services for the benefit of our clients and accomplish new heights in service excellence with a perfect team work and become a competent market player.
To achieve the vision that we have for our company, we have charted out the directives in form of our core values which will help us drive our vision forward:
Respecting client's interests and rights
Respecting the growth and development of organisational learning
Promoting collective wisdom, synergy and individuals’ participation in activities
Complying fully with individual and organisational discipline
Observing professional ethics and proper organisational conduct
Adherence to the highest standards of truthfulness, Integrity, and trustworthiness
We continually wish to set new standards of work ethics, professional integrity, privacy and transparency in organisational administration, which exemplify our dedication to our objectives and to the fulfilment of our vision statement.
OUR MISSION
BitSigma defines its mission as an online investment platform, operating in cryptocurrencies and Bitcoin Mining along with relevant financial activities to reach out to masses, encouraging them for investing in the new technology by providing them a world class platform.
In the process of expanding the community of global investors and traders, we will be providing assistance to our clients in creating and managing wealth, ultimately achieving financial independence. Our team will help you to accomplish your goals through appropriate guidance, communication and exceptional service. Our mission for our investors and client include:
To clearly understand investors’ financial values, goals, and concerns
To help formulate an action plan to address and accomplish the above
To be a trusted Financial Advisory Team and a resource that one can consider indispensable to their financial success.
We help clients in eliminating the financial gap between where they are now financially, and where they want to be. In order to succeed, we work with clients to establish, improve and implement long-term strategic wealth management plans that make them possible to meet their financial purposes. We customise these plans for each client on the basis of client’s risk profile and return targets. Furthermore, we strive to produce perfect long-term performance for our clients, despite the public securities market behaviour. We assure that our clients’ wealth performs in the best way which is essential to meet their personal financial targets. At the same time, we continually investigate new and better financial strategies and investment products. Our offerings are continuously evolving with the fast market pace.
Consequently, we concentrate on achieving certain return targets. We are a trusted partner that enables our clients to feel secure in the knowledge that their investment plans are efficiently organised and managed.
Drawing upon an economic rational and relying on efficient professional network, BitSigma sought stable and reliable profits for our investors and pursued value creation for our community globally.
May 29th, 2018 10:14:50
The Investellect - Force Of Experience is a fully registered investment company based in the United Kingdom. Our Corporate Headquarters is located here: 8 Duncannon Street, London, United Kingdom, WC2N 4JF, United Kingdom. Investellect - Force Of Experience registration number is â„–10664240. Investellect - Force Of Experience is constantly expanding the geography of its activities thanks to excellent marketing strategy and break even trading. The company combines several successful profitable business directions, from the multi-currency trading in the Forex market to trading activity on the stock exchange, Cryptocurrency market and investments in promising Fintech start-ups.
How does it work and where does big money come from? What is Forex? The foreign exchange market is the "place" where currencies are traded. The growth of the Forex market has been spurred by the development of electronic trading networks and the increase in globalization. Currencies are important to most people around the world because currencies need to be exchanged in order to conduct foreign trade and business. The need to exchange currencies is the main reason why the Forex market is the largest financial market in the world.
The Forex market focuses on the trade of currencies by both large investment banks and individuals around the world. Trading can be done in nearly all currencies, however, a small group known as the 'majors' is used in most trades. These currencies are the U.S. dollar, the euro, the British pound, the Japanese yen, the Swiss franc, the Canadian dollar and the Australian dollar. All currencies are quoted in currency pairs. Traders look to make a profit by betting that a currency's value will either appreciate or depreciate against another currency.
Nov 6th, 2017 17:22:51