CipherTrace Closes $27.1M Series B Funding Led by Third Point Ventures
CipherTrace’s intention is to expand its operations next one year while capitalizing on the growing cryptocurrency market.
CipherTrace’s intention is to expand its operations next one year while capitalizing on the growing cryptocurrency market.
In response to stricter global cryptocurrency AML enforcement, Crypto.com becomes the earliest exchange to deploy CipherTrace Traveler, the first commercial Travel Rule Information Sharing Alliance compatible compliance solution.
CipherTrace stated said that the user probably conducted the transactions to “stay up to date with the Bitcoin network.”
Hardware wallet startup NGRAVE embodies the entrepreneurial crypto journey. It incorporated a series of major technological breakthroughs into an all-in-one custody solution.
With Traceer, crypto users now have the possibility to pay for address and transaction tracking without buying expensive Crystal or Chainalysis subscription.
The CipherTrace report mentions that ‘exit scams’ have rocked the crypto markets in 2019 alone contributing to a fund loss of a massive $3.1 billion.
One of the emerging blockchain firms in the space, Maxonrow, views the growth of blockchain in Southeast Asia as an opportunity to set a precedent of cooperation between government agencies and blockchain enterprises.
CipherTrace estimated that hackers stole $927 million from the cryptocurrency exchanges during 2018. By the end of the year this number is expected to hit $1 bilion.