Kyber Network Partners with ICON

Kyber Network will connect its token conversion services to ICON’s inter-blockchain network
19 January 2018   1737

ICON, an interconnecting blockchain network, announced on January 19 that it has partnered with KyberNetwork, a decentralized exchange and payment service, to help employ scalable protocol of KyberNetwork’s token exchange services and interconnect with other blockchains participating in the ICON network.

According to the announcement, Kyber Network’s role in the partnership is to connect its token conversion services to ICON’s inter-blockchain network. KyberNetwork will promote liquidity of crypto-assets in the blockchain ecosystem, and improve the perception of tokens as a tradable asset class to the greater public.

The token exchange system is a key component of inter blockchain ecosystem. Our partnership with KyberNetwork brings us one step closer to interchain token exchange. Down the road, we hope to connect and support additional blockchains and tokens, eventually taking the place of today’s centralized exchange regime.

 

J.H. Kim

Foundation Council, ICON

At the moment of press, these are the main market parameters of ICX and KNC:

ICON (ICX)

  • Average Price: $8,24
  • Market Cap: $3 130 822 144
  • 24h Volume: $91 504 000

Kyber Network (KNC)

  • Average price: $3,56  
  • Marketcap: $476 940 996
  • 24h volume: $35 824 400

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   83

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.