ICE to Spend Over $20M on Bakkt This Year

ICE CEO believes investing in Bakkt is quite an ambitious task for ICE since it is not a typical product for it
11 February 2019   485

Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, expects to invest in the development of the Bitcoin futures platform Bakkt up to $ 25 million before the end of the year, CoinDeskr eported.

In the course of the teleconference devoted to the results of the 4th quarter of 2018 last week, ICE Chief Financial Officer Scott Hill said that investments in Bakkt during this fiscal year will be from $ 20 million to $ 25 million.

CEO Jeff Spreker, in turn, said that investing in Bakkt is quite an ambitious task for ICE, since it is not a typical product for it. Nevertheless, he noted, Bakkt was able to attract such large organizations as the venture capital fund Microsoft and Starbucks.

At the same time, Spreker found it difficult to name the exact launch date of Bakkt. Recall, it was originally expected that the platform will begin work on January 24, but these dates were postponed. Bakkt intends to offer bitcoin futures with a physical asset suppl

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   53

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.