NXT to Migrate to Komodo Asset Chain

The deadline of migration to Komodo Asset Chain is 1st March, 2018
19 February 2018   722

Supernet reported that it will migrate it's assets from NXT over to Komodo Assets Chain. 

Every NXT asset will have it's own Komodo asset chain. According to the team, this will allow paying dividends directly to KMD address.

The following NXT assets are affected.

  • SuperNET
  • NXTprivacy
  • InstantDEX
  • NXTcoinsco
  • sharkfund0
  • crypto777
  • jl777hodl
  • pangea
  • privatebet
  • MGW

The asset transfer swaps will be open until March 1st 2018. Users can loose their assets if the won't do the transfer.  

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   74

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.