Zilliqa to Track Suspect Transactions in Own Chain

Team has joined forces with Elliptic startup to use their AML tool to make their platform more attractive to the corporate sector 
28 November 2019   308

Singapore-based Zilliqa has partnered with London-based Elliptic, which will allow the latter to control suspicious transactions on the Zilliqa network and XSGD stablecoin.

Zilliqa expects that the integration of an anti-money laundering (AML) tool will make the blockchain platform more attractive to the corporate sector.

Elliptic will track every transaction all the way to the source. If it turns out to be one of the purses previously noticed in the illegal activity, the system will issue a warning.

Earlier, Elliptic software implemented the Binance bitcoin exchange to strengthen legal compliance.

Bakkt to Release Consumer App This Year

The app can be used for a wide range of tasks, e.g., crypto and securities trading, virtual goods purchase, etc
23 January 2020   102

Institutional Investor Platform Bakkt will release an app for retail investors this year, with which users can pay with cryptocurrency.

According to the president of Bakkt Adam White at the World Economic Forum in Davos, the application can be used for a wide range of tasks. In addition to trading cryptocurrencies, it will support various virtual “goods” like points of loyalty programs.

In addition, in the future it is possible to add securities trading, as well as the creation of a portal for shops and merchants. That is, the application will be more like a traditional fintech product like PayPal than a solution from a cryptocurrency exchange.

Although the Bakkt platform was originally created for institutional investors, the new director of Mike Blandina is very serious about entering the retail market. Earlier, he said that the application for retail investors should be released in the first half of 2020.

I do not think we are there yet. What gives me optimism is that we are seeing a lot of developer interest. I am confident that someone is going to find something.

 

Adam White

President of Bakkt

 White added that the cryptocurrency market is still underdeveloped.