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Chainalysis has acquired AI fraud detection startup Alterya for $150 million, marking its entry into artificial intelligence. This acquisition aims to enhance real-time fraud protection for payments and improve detection during the Know Your Customer process for exchanges and wallet providers. Alterya, which has contracts with major players like Coinbase and Binance, has monitored over $8 billion in transactions monthly, addressing the rising threat of fraud in the financial services sector.
CryptoProcessing by CoinsPaid, operational since 2014 and independent since 2019, offers a comprehensive crypto payment gateway for businesses across various sectors, including iGaming and e-commerce. Supporting over 20 cryptocurrencies with competitive fees, the platform ensures secure transactions through advanced analytics and compliance with EU regulations. With a focus on reliability, customer support, and scalability, it processes over €700 million monthly while maintaining high security standards and preparing for upcoming regulatory changes.
HashKey Group has received approval from the Irish Central Bank for its subsidiary, HashKey Europe Limited, to operate as a Virtual Asset Service Provider (VASP), enabling compliance with EU regulations. This milestone allows the company to offer custodial wallet services, client transfers, and fiat currency exchanges. Additionally, HashKey is implementing a token burn strategy for its HSK token, allocating 20% of net income to reduce supply and support long-term value, while the token currently trades at approximately $1.69.
HashKey Group has received in-principle approval for a Virtual Asset Service Provider (VASP) license from Dubai's Virtual Assets Regulatory Authority, marking a significant step in its expansion into the MENA region. This provisional approval is part of HashKey's strategy to enhance its global presence and comply with stringent regulatory standards. Once fully licensed, the firm will offer Virtual Asset Exchange and Broker-Dealer Services, catering to institutional and qualified retail investors, while also boosting its over-the-counter trading capabilities in the region.
The website provides general news, analysis, and third-party content for educational purposes, emphasizing that it does not offer investment advice. Users are urged to conduct their own research and consult advisors before making financial decisions, as the information may not be accurate or timely. The site disclaims liability for any trading losses incurred from reliance on its content.
ChangeNOW is a non-custodial, registration-free cryptocurrency exchange that supports over 200 crypto and fiat currencies, allowing users to exchange without upper limits. The platform prioritizes security and offers competitive rates, with transactions averaging just two minutes. While it lacks crypto-to-fiat options and some trading tools, it builds trust through transparent pricing and a convenient Telegram bot for exchanges.
The information provided is intended for educational purposes and should not be considered financial advice. NFTCulture and its contributors do not act as financial advisors, and the opinions expressed are those of the authors. Always conduct thorough research and consult a qualified financial advisor before making investment decisions, as investing in NFTs and cryptocurrencies carries risks.
A Canadian crypto forum moderator has gone into hiding with his family after an alleged kidnapping attempt aimed at stealing his Bitcoin. The man reported threats from masked assailants and has been forced to move frequently due to safety concerns, as police investigations led to the arrest of four suspects linked to organized crime. Despite being targeted under the false belief he owned 2.5 million BTC, he claims his actual holdings are worth only about $10,000.
Santander UK reported that customers lost approximately $2 million to fraud in just eight days, primarily due to scams involving fake investment schemes and fraudulent recruitment offers. Victims averaged losses of about $3,354, with one individual losing over £600,000. The bank urges customers to verify recipients before transferring money and to be cautious of online deals that seem too good to be true.
A fake version of the ENA token exploited on Binance Launchpool led to a loss of 480 BNB, approximately $290,000, shortly after the legitimate Ethena (ENA) token's introduction. The counterfeit token, sharing the same name, raised security concerns within the cryptocurrency community, prompting PeckShield to confirm its fraudulent nature. This incident highlights ongoing vulnerabilities in the crypto space, amidst a backdrop of significant losses from hacks and scams totaling $1.8 billion in 2023.
Anti-Money Laundering (AML) & Know Your Customer
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Chainalysis acquires AI startup Alterya for enhanced fraud detection capabilities
17:00 13.01.2025
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