Tether disables new signups due to building a new platform

Tether is building a new platform and will be phasing out and discontinuing the current wallet services, all old addresses and disabling new signups on the platform
21 December 2017   1395

We have reported that on November 19 over $30M were stolen from Tether. Tether team has stated that they have been very cautious about providing updates prematurely regarding the November security breach, but finally the improvement time has come. In the light of past events Tether has decided to build a new platform.

Tether is not the only service which stopped users registration, the new users of Bitfinex exchange now need the “invitation code” to register, which is nearly impossible to receive. Bittrex decided not to bother itself with “invitation codes” and just stopped new users' registration.

At the moment of press, these are main market parameters of Tether:

  • Average price: $1,01
  • Marketcap: $1 176 952 76
  • 24h volume: $2 952 560 000

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   66

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.