Binance to suspend all trading during system upgrade

Binance cryptocurrency exchange has announced suspension of trading and withdralaws while performing system upgrade which will take about 20 minutes
18 December 2017   2458

One of the largest cryptocurrency exchanges in the world, Binance, has claimed that it is experiencing a major growth in popularity among users. Due to that reason, the decision to perform a system upgrade was made.

The upgrade is stated to occur shortly after 10:00 a. m. UTC on December 18.

The upgrade is stated to last for approximately 20 minutes. Binance will suspend withdrawals and trading during this period.

List of currencies traded on BinanceMain cryptocurrencies traded on Binance exchange

The currencies that are currently traded on Binance include Bitcoin, Ethereum, Ripple, Litecoin, IOTA, NEO, Verge, TRON, Power Ledger, and Cardano. It is worth mentioning that he price of Cardano cryptocurrency rose more than 300% within past 7 days, and Power Ledger partnered with BCPG to develop energy trading.

Chainalysis to Expand Transaction Monitoring Tool

Chainalysis AML software KYT now monitors 4 additional tokens in real-time: BNB, GUSD, USDT and USDC
25 April 2019   66

Analytical blockchain-startup Chainalysis reported that starting today, the proposed transaction tracking tool Chainalysis KYT (Know Your Transaction) supports four additional coins. Their number includes the internal token of the Binance BNB exchange, as well as the Gemini Dollar (GUSD), Tether (USDT) and USD Coin (USDC).

Thus, the anti-money laundering software Chainalysis supports 10 cryptocurrency assets. Prior to that, Chainalysis KYT allowed to track Bitcoin transactions, Ethereum, Bitcoin Cash, Litecoin, TrueUSD and Paxos Standard.

As CoinDesk notes, support for new assets has been added pending the publication of new guidelines for the Financial Action Task Force on Money Laundering (FATF).

Chainalysis is prepared to equip businesses with automated transaction monitoring for currencies beyond bitcoin. We expect that the launch of these multiple currency capabilities will help shape FATF guidance on the sector and help move away from technically infeasible solutions to more pragmatic recommendations.
 

Jonathan Levin

Co-founder and chief operating officer, Chainalysis

According to him, Chainalysis recently upgraded its technology, making it more scalable. Thanks to this, in the future it will be easier for it to add support for other new assets.