Bluehill IOST Blockchain Incubator to be Launched

Startup claims it will work with Binance Labs and Huobi Capital when investing in companies
21 June 2018   1300

The Bluehill startup incubator was launched after the company raised $ 50 million. Its main task will be the development of the IOST ecosystem. This is reported by CoinDesk.

The company announced the beginning of accepting applications from start-ups on a long-term basis and intends to allocate an average of $ 500,000 per project, including "both seed investments of $100,000 and follow-on investments in the low millions."

It is noteworthy that the startup promises to make investments together with Binance Labs and Huobi Capital.

[We are] open to all projects irrespective of whether they're presently building on IOST. Our focus is on backing the best teams early and aligning our interests with theirs right from the start so that we can build trust and familiarity with the most enduring companies.
 

Bluehill 

According to the announcement, Bluehill has already sponsored 7 projects that develop decentralized applications. Of these, 6 are developing on the IOST detachment, and the seventh creates a separate blockchain.

Binance to Partner with Chainalysis for AML

Use of Chainalysis KYT solution will allow to compile with KYC- and AML-norms and also simplify the process of opening bank accounts
18 October 2018   146

The largest exchange by daily trading volume Binance uses software from Chainalysis, called Chainalysis KYT [know your transaction], to monitor real-time transactions and identify transfers related to criminal activity. This is stated in a joint press release.

Cryptocurrency businesses of all sizes face the same core challenge: earning the trust of regulators, financial institutions and users. We expect many to follow Binance's lead to build world-class AML compliance programs to satisfy regulators globally and build trust with major financial institutions.
 

Jonathan Levin

Co-Founder and COO, Chainalysis

Thus, the use of software from Chainalysis not only guarantee compliance with the KYC- and AML-norms, but also simplify the process of opening bank accounts.

By working with Chainalysis, we are able to continue building a foundational compliance program that enables the next phase of our growth. Our vision is to provide the infrastructure for a blockchain ecosystem and increase the freedom of money globally, while adhering to regulatory mandates in the countries we serve.
 

Wei Zhou

CFO, Binance

Chainalysis KYT release was held in April.