Bitcoin: Anti-Money Laundering Challenges and Solutions

Working with bitcoin is easy enough, given the wide array of bitcoin wallets and other payment processing tools available today. However, determining whether incoming bitcoin are tainted by or connected to illicit activity is increasingly challenging. It’s also increasingly important for businesses or banks that want to deal in cryptocurrency while remaining compliant with anti-money…

Bitmain Sues Former Employees for Rival Mining Pool

Operator of the world’s top bitcoin mining pool, Bitmain, has filed lawsuits against three former employees and current co-founders of the rival mining pool, Poolin, for breach of contract. Bitmain is suing the founders of Poolin, the seventh largest bitcoin mining pool by hash rate, for $4.3 million in damages as a result of these…

Cartoon: Join the Club

Many commentators believe that the tech giants (e.g., Facebook) are going to supplement banks, pointing out their plans to create new payment and token solutions (e.g., Facebook’s libra currency). Also likely, these companies are going to use their customer data and platform services to become banks themselves. The post Cartoon: Join the Club appeared first…

New Crypto Exchange Platform Launches With OneMarketData Integration

Beaxy has launched a cryptocurrency exchange that attempts to leverage customization and efficiency features usually only found in traditional market offerings. Forging Strategic Partnerships Beaxy announced that it has partnered with OneMarketData, a leading provider of software solutions for the financial sector. Its trading technology powers some of the world’s largest stock markets and trading…

Facebook’s Libra Is Here. But It Might Not Be What You Think.

Libra — sometimes referred to as “Facecoin” or “Zuckcoin” — is self-billed as “a simple global currency and financial infrastructure that empowers billions of people.” The introduction waxes cypher-poetic about the liberating nature of the internet and the potential for an online currency to unfetter financially disenfranchised populations around the world from the shackles of…