Bitfury Developed Suspicious Transactions Tracking Tool

Crystal service is designed to break the idea of bitcoin as the black market instrument
30 January 2018   715

Bitfury, a mining company, introduced the Crystal toolkit, designed to identify and investigate criminal activities in Bitcoin. This is reported by Coindesk.

The platform has been developed for two years. It is designed to break the idea of bitcoin as the black market instrument.

The industry needs some very user-friendly tools so that you can track bitcoin transactions and see if this bitcoin address that you're getting money from is green or black.
 

Valery Vavilov

CEO, Bitfury Group

The Crystal service will allow law enforcement officers and private experts to trace the ways of moving suspicious transactions to the final recipient or point of sale of the cryptocurrency. By establishing the relationship between alleged intruders, Crystal will be able to determine the likelihood of individual addresses being involved in illegal activities.

Crystal
Crystal 

Other tools will help autonomously monitor bitcoin addresses, compile and distribute reports according to specified criteria and even establish the origin and purpose of transactions.

We are analyzing the web, we are analyzing the forums, we are analyzing different kinds of sources, and combining this information and getting some kind of result if this transaction is risky or not.
 

Valery Vavilov

CEO, Bitfury Group

The corporate version of the Crystal Pro product will be integrated into the company's own networks and will not only allow them to monitor the activity in the blockchain but also provide additional security for their crypto-currency transactions.

The free version of Crystal software is available from January 30th. Tariffs for corporate clients will be presented in March.

Binance DEX to Launch Trading

Mithril is the first asset, that is trading on new platform; also, the exchange presented the listing rules for assets
25 April 2019   83

Binance DEX announced the start of trading in the Mithril token (MITH) together with Binance Coin (BNB). This is the first asset in the listing site.

At the same time, the exchange presented the listing rules for assets. So, anyone can release a token on the Binance Chain, but listing it to the marketplace takes place in several stages.

First of all, the issuer must place a listing application on the Binance Chain community forum, providing answers to a number of questions relating to the innovativeness of the project, its scope and other characteristics.

After that, the issuer must make a deposit in the amount of 1,000 BNB within two days, which will be returned later. Note that the listing of an asset on Binance DEX must be approved by at least half of the validators.