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Chainalysis Launches World’s First Anti-Money Laundering For Crypto

June G. Bauer

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Chainalysis announced the launch of its new platform Know Your Transaction (KYT), the real-time anti-money laundering (AML) solution for monitoring cryptocurrency transactions in real time. Chainalysis KYT can be used to monitor 15 cryptocurrencies.

Chainalysis KYT alerts are designed to help cryptocurrency businesses and financial institutions mitigate exposure to regulatory and reputational risk by helping compliance teams focus on the most urgent activity and enforce compliance policies while better allocating resources.

ABOUT CHAINALYSIS

Chainalysis is the blockchain analysis company providing data and analysis services to government entities, exchanges, and financial institutions across 40 countries.

Pop cultureaholic, Technology expert, Web fanatic and a Social media geek. If you have any questions or comments please feel free to email her at [email protected] or contact her on Twitter @JuneTBauer1

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Sweden Launches a Digital Currency

Sying Tien

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Sweden just announced the launch of the “e-krona”, it’s own central bank digital currency in a new pilot platform. Sweden’s central bank (Riksbank ) will sign an agreement with IT consultancy firm Accenture to create a pilot platform for a it’s new cryptocurrency.

The primary objective of the e-krona pilot project is to broaden the bank’s understanding of the technological possibilities for the e-krona

the Riksbank said in a statement.

Sweden has been working hard to eliminate the use of cash. It introduced negative interest rates and bitcoins are in high demand since citizens now see cryptocurrency as a way to store wealth. There are many Bitcoin startups that launched in Sweden, including KnCMiner and Safello. Cryptocurrency demand is growing in Sweden and there are no signs that this will stop.

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Filecoin Launches its Testnet

June G. Bauer

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Filecoin-Testnet

The open source blockchain project “Filecoin” has launched its testnet. The purpose of the testnet is to benchmark, evaluate and test Filecoin’s protocol before launching the Mainnet which is scheduled to go live on March, 2020.

Filecoin is a data storage network and a cryptocurrency based on Bitcoin. Users can mine and earn Filecoin (FIL) cryptocurrency by using Filecoin mining software that will share their unused storage.

Filecoin project was launched in August 2017 and raised over $257 million within 30 minutes which made it the largest token sale in history at that time. Filecoin also received investment from top venture capitalists in Silicon Valley, including Y Combinator, Naval Ravikant, Andreessen Horowitz, and Winklevoss Capital.

How Filecoin Works?

You can learn more about Filecoin by visiting the official website.

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Power Ledger Expands its Partnership With Japan’s second Largest Energy Retailer

June G. Bauer

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Power Ledger (POWR), the Australian blockchain-based cryptocurrency and energy trading platform has expanded its partnership with Japan’s second largest energy retailer KEPCO. This was announced on Power Ledger’s official website.

This will allow the Japanese electricity company Kansai Electric Power Co Inc (KEPCO) to create and track Renewable Energy Certificates (RECs) as well as solar energy trading using Power Ledger’s blockchain.

According to WIKIPEDIA, KEPCO is responsible for 93% of Korea’s electricity generation. The South Korean government owns a 51.11% share of KEPCO. Together with its affiliates and subsidiaries, KEPCO has an installed capacity of 65,383 MW.

Power Ledger is a fast growing tech startup that has developed a world-first blockchain enabled energy trading platform to make energy markets more efficient. Power Ledger’s proprietary software is currently being used in multiple countries including Australia, Thailand, India, Japan and the United States.

Power Ledger was founded in in late 2016 by Jemma Green and Dave Martin, the project launched its pre-sale on 27 August 2017. In three days, over 100 million POWR tokens were sold, with 25% sold in the first hour. An extra 5% of tokens was awarded to every transaction that took place during the pre-sale. Power Ledger raised $17 million AUD during its pre-sale, which ended on 3 September 2017.

Power Ledger (POWR) Price Chart

*Charts data was provided by CryptoCompare

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