Latest posts of: darylalban

CipherTrace has announced an app coined Scout that tracks and documents illicit crypto transactions. The app traces addresses through the blockchain to identify which coins may have been used dark market and ransomware.

Do you think people are likely to use this app? Also, who would get the most use of it?

https://www.coindesk.com/ciphertrace-scout-app-takes-crypto-investigations

Security firm Ciphertrace just announce the release of its Travel Rule Information Sharing Architecture (TRISA) allowing crypto businesses to handle the recent travel rule set into regulations.

Provided for free as open-source software. This comes after FATF recent recommended guidelines for exchanges. TRISA is looking to provide security when sharing information between VASPS.

I know there might be a lot of push back from people in regards to preserving privacy but this might be better than governments slapping down regulations hard on exchanges.

https://bitcoinmagazine.com/articles/ciphertrace-unveils-travel-rule-protocol-for-cryptocurrency-businesses

After CipherTrace's quarterly report showcased $227 million stolen from exchange incidents so far this raises conversation around what people can do to protect themselves from sim swapping, malware, and typosquatting (which is new to me.)

What are other forms of protection users to become aware to?

https://cryptobriefing.com/how-keep-crypto-somewhat-safe/

The NULS mainnet is about to happen and I am pretty excited for this to take place! Do I have any fellow NULS holders out there? Would love to know what is getting you excited about mainnet

https://medium.com/@nuls/what-should-users-do-for-the-nuls-2-0-mainnet-upgrade-d02b666c1cdd

Right now everyone has been watching the FATF Regulations closely and waiting to see if the government will drop the hard ball of flat out laws. While their involvement has been more alive than ever, I am interested in what everyone's thoughts were about companies that provide crypto intelligence solutions that are able to analyze scams, money laundering and stolen funds.

This report by Ciphertrace shows just how much criminals stole and people lost https://ciphertrace.com/articles/q1-2019-cryptocurrency-anti-money-laundering-report/

It's actually really alarming and this is only Q1!

I have a good feeling that companies that offer this type of technology might be the bridge between regulators and the crypto community. What do you guys think? Will there be a meeting point?

We have yet again another crypto theft of BTC, ETH and Dash. https://thenextweb.com/hardfork/2019/07/18/israeli-charged-theft-1-7m-cryptocurrency-europeans/

When I first saw Ciphertrace's reported $350 million worth of stolen cryptocurrency last quarter I thought that number was insane but after seeing these stories of hackers/scams come to the surface it makes so much more sense

Has anyone experience the recent Binance transaction speed? The amount of time is now halved for BTC from two confirmations to one and down from 30 to 12 for ETH.

They made some dramatic shifts in terms of regulation by adding new partnerships between IdentityMind, Elliptic and Ciphertrace to help with their AML procedures and I was wondering if this had anything to do with the time being adjusted.

https://www.coindesk.com/binance-cuts-time-needed-for-btc-eth-deposits-and-withdrawals

Exchanges are now able to protect the identities of their users thanks to Ciphertrace (crypto intelligence solutions) and Shyft (identity solutions provider).

The FATF released the so-called 'Travel Rule' which would strip a lot of exchanges of their privacy features but the solution comes in the form of smart contracts and 'cryptographic access controls' to manage access to private details.

Positive move forward for the industry? I think so.

https://finance.yahoo.com/news/ciphertrace-shyft-unveil-fix-draconian-131045661.html

Out-of-the-box blockchain style approach, NULS is on their way to creating a blockchain that is quick to start and customizable. They even have a cross-chain consensus which makes it super easy to connect the larger ecosystem. I have a strong feeling this is the type of blockchain platform that will reach greater adoption because of its ease of set up.

https://nuls.io/

https://blocktv.com/watch/2019-05-14/5cdadbe440cb1-how-to-solve-the-spate-of-cryptocurrency-thefts?utm_content=91740870&utm_medium=social&utm_source=twitter&hss_channel=tw-3972254294

This interview couldn't have came at a better time especially with the recent Binance hack. Dave Jevans is the CEO of Ciphertrace which reports on AML for crypto and I feel that his advice is important to learn for all of us.

https://medium.com/@TrustlessState/pov-crypto-episode-47-building-the-unstoppable-web-with-bradley-kam-ccdc61b1bf78

Unstoppable domains is a pretty exciting project imo. I also learned about the platform Zilliqa's IPFS and website hosting platform in which they are using to build out blockchain domain names. I never really thought of this as a thing before but one address to link all your addresses seems super relevant and easy to change the 24+ character string into something more recognizable like cryptocat.zil

If you've been following the Elixxir project led by David Chaum you've seen that they are building a privacy focused payments platforms with a built in messaging dapp. They just announced today along with their prelixxir test a wallet feature! I really like this addition and news esp in regards to privacy first solutions

https://elixxir.io/prelixxir

https://bitcoinist.com/top-5-biggest-crypto-exchange-heists-in-history/

I found this article interesting discussing how the recent Binance hack is 6th worst hack among 5 others that have happened in the history of BTC and crypto. According to Ciphertrace 2018 was the works year of exchange hacks comparatively to all other years maybe because of the bear market?

Were any of you affected? I can tell the general sentiment about exchanges... do you think matters are getting better or worse for crypto?

Binance has partnered with blockchain analytics CipherTrace to help with on-chain securities and help define a world-class AML compliance program. There is a rising demand for blockchain security as global expansion takes place and compliance is needed more than ever.

https://www.theblockcrypto.com/tiny/binance-teams-up-with-ciphertrace-to-up-the-exchanges-compliance-procedures/

https://medium.com/ampleforth/independent-currency-in-a-multi-chain-world-67032dce8296

Just read this article about where the Ampleforth protocol stands amongst the competition of other blockchains. I think its cool to see that they plan to deploy many chains on multiple platforms using cosmos or polkadot in the future. What are your thoughts? I think this might help reignite the doubt in crypto atm

Really good read: https://www.tokenmaven.com/the-top-10-cryptocurrency-exchanges-of-2018-572-2/

What do you guys think?? How do you pick your exchanges?

Havven's nUSD launch is coming on june 1th. Anyone else watching them??

interested to see how havven-backed nomins are going to work

Algebraix's public token sale is live. Permission-based advertising platform that I think will take down ad networks like google and facebook. https://algebraix.io/

https://coinjournal.net/pr-release/algebraix-io-launches-public-token-sale-using-the-coinlist-platform/