U.S. Govt. Goes All in on Tracking Cryptocurrency Usage 1395

Citing public records, research firm Diar reports that U.S. government agencies have collectively spent $5.7 million hiring contractors who perform blockchain analysis, which involves linking an individual’s identity with their cryptocurrency funds.

Though there are tools and even individual cryptocurrencies that purport to allow users to send funds anonymously, the vast majority of cryptocurrency users leave enough of a trail that, equipped with the right tools, investigators can determine to whom a particular wallet belongs.

Once a cryptocurrency user exposes their pseudonymous cryptocurrency address to a service or individual who could identify it as belonging to their real-world identity, they run the risk of having their entire wallet (and any other of their wallets with which that wallet has transacted) exposed as belonging to them — once a blockchain forensics expert takes the time to aggregate the data.

Frequently, these privacy lapses occur when a user deposits or withdraws funds at a cryptocurrency exchange that requires users to undergo identity verification, though they may also be the result of posting their cryptocurrency address online under their real name or an identifiable pseudonym, or even transacting with someone else who has been unmasked.

Unsurprisingly, the top spender among U.S. government agencies is the Internal Revenue Service (IRS), which is responsible for collecting federal income tax. The IRS has signed nine contracts with cryptocurrency forensics providers, together worth just under $2.2 million and representing 38 percent of the government’s total spending on these services.

Last year that the IRS had contracted with blockchain-tracing firms to help unmask investors who have not been accurately reporting their cryptocurrency investment income on their tax returns, and the agency has subsequently ramped up enforcement of alleged violations related to this asset class, even going so far as to take Coinbase to court in an effort to force it to hand over customer data.

However, the second-largest spender in the U.S. government comes as much more of a surprise. One might expect that either the Federal Bureau of Investigation (FBI), Drug Enforcement Agency (DEA), or Securities and Exchange Commission (SEC) would be the agency next in line in spending on tracking cryptocurrency use.

Instead, the second-largest blockchain analytics client was Immigration and Customs Enforcement (ICE), who enforces the government’s immigration policies and investigates criminal activities involving foreign nationals living in the United States. ICE had taken out nine contracts amounting to $1.5 million, while the FBI came in third with 12 contracts worth more than $1.1 million.

Meanwhile, the SEC, which polices the securities markets and has filed charges against a variety of cryptocurrency fraudsters and initial coin offering (ICO) operators, has spent less than $185,000 on tracing the flow of funds.

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ZIM & Marius Nacht complete additional investment in WAVE BL, a leading provider of a paperless Bill of Lading solution 27106

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) and Marius Nacht, one of Israel’s leading serial entrepreneurs and investors, announced today that they have jointly invested in a Series B Financing round of WAVE BL, a developer of groundbreaking blockchain network supporting paperless trade in the shipping industry. The two investors co-lead a round of approximately $8 million that will accelerate global implementation of WAVE BL’s proven technology.

ZIM pioneered the first paperless electronic bill of lading pilot in the shipping industry in 2017 using WAVE BL’s platform and has since widely expanded its use to become the industry leader. Electronic bill of lading is currently offered to ZIM customers worldwide, requiring only a simple onboarding process which is supported by ZIM.

Digitization of bills of lading is revolutionizing shipping documentation, sharply reducing time, complexity, errors and costs for all parties involved, while maintaining a high level of security and, importantly, being far more sustainable than the traditional paper bill of lading.

Aligning with international rules, standards and insurance coverage such as IG P&I Clubs and eUCP 600, WAVE BL’s one of a kind decentralized, digital documentation solution is changing the shipping industry as it becomes the new industry benchmark enabling secure and efficient remote business continuity.

Proceeds will be used to support development of WAVE BL’s business and further implementation of its pioneering technology supporting paperless trade in the shipping industry, as well as in other sectors.

ZIM President and CEO Eli Glickman: “Our early adoption of WAVE BL’s blockchain based platform to promote paperless trade highlights our leadership in utilizing digital strategies to best serve customers and has proven extremely successful for ZIM and for changing the industry. Today, ZIM is an industry leader in paperless shipping processes, and we are seeing growing interest from others in our sector to adopt the platform reflecting the significant benefits it provides to both customers and carriers. This new investment in WAVE BL is a step forward in the path to a more digitized and sustainable future, in accordance with our vision and values.”

ZIM CIO Eyal Ben-Amram: “Since completing the integration of WAVE BL’s platform with our system, we can offer every customer the ability to enjoy the vast benefits of paperless shipping, which is especially crucial during COVID-19. We are pleased and proud to continue our support of this exciting and leading company.”

WAVE BL CEO Gadi Ruschin“Our partnership with ZIM has enabled us to introduce our pioneering technology to a vast audience as we endeavor to become the shipping industry standard in paperless trade. We are extremely pleased with the continued faith and commitment of ZIM and Marius Nacht in our company and look forward to leading the wave of the future in shipping.”

Ophir Shoham, who leads Marius Nacht’s investments in high-tech: “We are proud to continue supporting WAVE BL’s remarkable technology and believe in its disruptive potential, leading to a fundamental change in the way business is conducted across countless sectors and industries. We are very impressed with the great progress the team has made and excited to invest in WAVE BL’s trail-blazing platform.”

Hashflow Announces $3.2M Seed Round To Bring Professional Market Makers to DeFi, Backed By Dragonfly Capital and Electric Capital 25039

Hashflow, a decentralized exchange connecting DeFi traders with top crypto market makers, has closed a seed funding round of $3.2 million from leading venture capital firms and angel investors. The round was led by Dragonfly Capital and Electric Capital, and joined by IDEO Ventures, Alameda Research, Metastable, Galaxy Digital, Unanimous Capital, and angels including Balaji Srinivasan, Kain Warwick, & Ryan Sean Adams.

Decentralized exchanges on Ethereum have seen rapid growth over the past year with over $215 billion traded on DeFi alone in Q1 2021. This growth can be credited to the popularity of Automated Market Makers (AMMs) which catalyzed DeFi’s explosive growth by offering a simple and permissionless on-chain trading experience. Hashflow builds upon this foundation laid by AMMs, by connecting DeFi traders with top crypto market makers. Using Hashflow, traders can receive price quotes directly from market markers and broadcast trades on-chain using Web3 wallets in a fully trustless manner. By replacing AMM bonding curves with professional market makers, Hashflow offers traders better prices, zero slippage, & the lowest gas costs of any decentralized exchange on Ethereum.

For market makers, Hashflow provides access to the expanding DeFi market while allowing full control over their inventory and pricing strategies. Until now, market makers have had to deploy capital in public liquidity pools, use pre-defined pricing functions, and pay heavy gas fees to change strategies on-chain. With Hashflow, market makers can use bespoke pricing strategies and bridge them on-chain using digital signatures. This gives market makers full control over their capital, and flexibility to adapt to market conditions, using strategies informed by years of experience in centralized markets.

Jon Kol, Director at Galaxy Digital, a leading cryptocurrency investment firm and market maker, commented: “Hashflow is the first project we’ve backed that seamlessly allows market makers to quote prices effectively to DeFi traders.”

Hashflow launched its closed private alpha product this week, with market makers offering price quotes to traders on Ethereum mainnet. In the coming weeks, Hashflow plans to integrate more market makers, and add additional asset pairs that dominate on-chain trading volumes. General audiences will be able to access Hashflow and trade on-chain with market makers by the end of Q2.

Exfunds.com – asset management platform which offers you incredible ROI 15218

Exfunds.com

We would like to introduce you to the exfunds.com Asset Management platform which offers you incredible ROI in 2 investment plans. Exfunds.com have 2 investment plans to choose from: EX START (investment range $10 – $9999.99) and EX PRO (investment range $10000 – $250000).

In the program, we can have an unlimited number of deposits in various investment plans. Each of them works as a separate contract for a specific amount of time. The investment period is 40 days. After the end of the investment plan period, your main capital is returned to your balance and you can withdraw it or reinvest it again.

EXFUNDS.com also provides the option to terminate the investment plan AT ANY TIME after the first 24 hours. In this case, a fee of 10% of its value is charged on the deposit and finally 90% is released to your balance, where you can easily withdraw.

EXFUNDS.com also offers us unlimited earning opportunities through its referral program, which pays us an immediate commission for every person we invite. We can create a structure up to 3 levels down, with a commission of 5% – 2% – 1%.

As for the payouts: they are really fast, made 24/7, including all weekends and holidays. Despite the timeframe for withdrawals – that is, within 24 hours of a withdrawal request, they arrive, definitely at lightning speed, such as 5 – 30 minutes. However, please note that the platform owners provide 24 hours as the maximum time to receive your withdrawal.

What can convince you to invest in exfunds.com?

It is a professionally prepared platform, artistry design working on the popular GC script, fully adding a lot of functionality and readability to it. You can see a professional base of web-developers and graphic designers, but above all a professional approach to the money entrusted by investors. There is no fear that someone will run away with your money for a deposit of 30k or 60k USD … or more. Such professional teams just never do it, as can be seen from the payout scale after a few days of operation. Summing up, we see everything that is done as it should be by a professional legend: unique design, unique programming solutions, efficient cryptocurrency deposit wallets (remaining at the sole disposal of the company, without the participation of third parties), we can see the content of the page that was written, not copied from others. You can also see professional hosting on a dedicated server, with one of the best protection against DDOS attacks and other attacks, secure SSL encryption, a unique masked IP address.

EXFUNDS.com is, above all, also always available and willing to help Support, which is also available 24/7 with a waiting time for a reaction of less than a dozen seconds. Added to this is the administration support via email or ticket system. All this makes EXFUNDS.com the most popular investment program on the market for a reason and it will be difficult to catch up with anyone. You can use PerfectMoney as payment to make deposit in USD or send this value using 11 cryptocurrencies: Bitcoin, Litecoin, Doge, Ethereum, Bitcoin Cash, Dash, Ripple, USDT, Tron, Binance Coin or Stellar.

TechX’s Portfolio Company Catalyx Announces Listing of the CADX Stablecoin on the Bittrex Global Exchange 24680

TechX Technologies Inc. (“TechX” or “the Company”) (CSE: TECX) (OTC: TECXF) (FRA: C0B1), a company focused on emerging technologies across growth sectors including: crypto, blockchain, AI and cloud technologies, is pleased to announce that its investment in CatalX CTS Ltd. (“Catalyx”) is proving to be an early success as it officially listed its Canadian stablecoin, CADX on the Bittrex Global Exchange. Bittrex is one of the world’s top 15 cryptocurrency exchanges in terms of liquidity.

Catalyx.io, Canada’s premier cryptocurrency exchange with over 40+ altcoins, launched its Canadian dollar fiat-backed stablecoin CADX in 2020 through a partnership with Seattle-based fintech company Stably. CADX is powered by Stably’s ERC20 smart contract technology, which has been audited by a leading US-based blockchain security firm, QuantStamp.

CADX is a multi-chain Canadian Dollar pegged stablecoin merging the flexibility, security and speed of cryptocurrency with the stability of fiat. Every CADX token is fully backed and redeemable for $1 Canadian dollar and is held in an audited account managed by Prime Trust, a Nevada-chartered trust company that is the official regulated trustee and CVC administrator for CADX.

Potential roles for the new CADX token are in cross-border payments and remittance, peer-to-peer lending, merchant payment solutions, smart money (programmable money), interest bearing digital wallets, partnerships for international remittances and settlements and forex conversions.

Monthly reserve attestations shall be conducted by Cohen Co. a leading US stable coin auditor, to ensure transparency and credibility for the project.

CADX offers the following features:

  • Redeemable for CAD on a 1 to 1 basis with instant redemption 24/7
  • Earn interest on CADX from crypto lending
  • Send or receive CADX to or from anyone, anywhere and at any time
  • Bank-grade off-chain security for asset custody and sensitive data storage
  • Easy to integrate with any mobile applications
  • Regulated trustee organized under US laws
  • Zero token issuance/ redemption fees (excluding wire fees and network/gas fees)
  • Cheap on chain transfer for only a few pennies for network/gas fees
  • Fast on chain transfer speed
  • Multichain support for Ethereum, Tezos, Algorand and many other protocols

“We are ecstatic to be the first Canadian dollar-backed stablecoin to be listed on Bittrex, one of the world’s top crypto exchanges,” said Catalyx CEO Jae Park“The listing on Bittrex provides the CADX coin international market exposure and offers crypto traders a flexible and secure alternative to existing stablecoins.”

Plethori is Offering Investment Opportunities into Leading Insurance, NFT, and Oracle Sectors 23275

Plethori

London, United Kingdom / 23 May 2021 / Plethori, a cryptocurrency ETF investment platform, is offering investment opportunities into leading Insurance, NFT, and Oracle sectors.

In the crypto world, investment opportunities are plenty, but can appear scattered and complex. Plethori plans to help solve this problem. As crypto becomes more mainstream, emerging projects are combining the best of the traditional and decentralized markets in order to offer the greatest investment opportunities to serious investors. One such company is Plethori, a one-of-a-kind cross-chain investment platform built on the Ethereum and Polkadot blockchains. Their goal: to deliver Cryptocurrency Exchange-Traded Funds (ETFs) to the masses via their platforms.

Plethori is a Cryptocurrency ETF Investment Platform that allows the open trading and creation of trustless ETFs by utilizing blockchain technology and layer 2 solutions. The service will allow investors to deposit capital in the form of PLE tokens and invest in a wide range of ETFs enabling investment into entire industries in cryptocurrency such as insurance, oracles, NFTs, Derivatives, Polkadot ecosystem projects, and many more.

The cross-chain investment platform recently partnered with Shield Finance — a multichain DeFi insurance aggregator. Shield Finance has developed an insurance aggregator which enables investors to protect their portfolio against ‘black swan events such as hacks, exploits, rug pulls, market crashes. The partnership will provide Plethori’s users with the power to insure their investments against negative price movement. Shield Finance will deploy Market Crash Protection contracts to cover the $PLE token. Holders will be able to insure their tokens against loss, giving them the ability to sell their $PLE at a guaranteed price (irrespective of current market price). Plethori also has plans to explore deploying the same insurance contracts to cover their range of available ETFs.

Plethori Brings Financial Inclusiveness

Soon to be launched on the ethereum layer 2 solution Optimism, Plethori will be able to offer their users ultra-low transaction fees and fast trading whilst maintaining high security. The platform shall also provide ERC-721 integration, rewarding ETF creation and trading achievements and gratifying investment and trading. Plethori will utilize the Ethereum and Polkadot ecosystems, empowering traders by providing a wide range of ETF tokens to trade and invest in. This will allow for the leveraging of technology from both blockchains. The service will allow investors to create fully decentralized ETFs that can then be traded which will earn creators a share of the subsequent transaction fees. The leaderboard system will reward top-performing fund creators with NFTs which give perks on the platform and partner project platforms such as early access to releases and higher staking APY.

Some of the key features on the platform include: Metamask Wallet connectivity for trustless non-custodial transactions; Blank Wallet integration for secure, private transactions; ultra-low fees on transactions; margin trading; leveraged trading; advanced charting features; detailed asset information; cryptocurrency market analytics; portfolio management tools; PLE token staking and farming and a lot more.

Plethori Governance

Plethori Governance is the governance platform and a community forum where PLE token holders will be able to submit proposals and vote on platform changes which will be vetted and executed by using governance contracts. The community will be able to communicate with other equally dedicated members in the tiered groups on the platform and coordinate and propose changes to the Plethori ecosystem.

The governance structure will be a complex but fair tiered system with each holder initially holding an equal single vote and their vote growing in value in response to certain factors relating to usage and involvement in the ecosystem.

The metrics that will influence the governance tier level and strength of vote are: length of time holding PLE; length of time staking/farming PLE; frequency of usage of the Plethori platform; level of engagement in the Plethori Governance platform, and; community contributions.

This system allows for community control, which holds true to the original cryptocurrency ideals of decentralization and democratization.

The PLE token will additionally act as a governance token for the platform giving the community the power to direct the development and advancement of their goals. PLE token holders will be able to vote on the platform to determine fund parameters and new features. They’ll also be able to influence decisions concerning the project such as ETF asset rebalancing or listing/delisting of assets. The changes proposed will be vetted and then voted on through the governance platform. Any changes will be applied automatically via smart contracts.

Conclusion

Plethori is bringing an era of financial inclusiveness through its cross-chain investment platform that offers several investment opportunities via Defi to one and all. Their interoperable platform allows for seamless trading between the Ethereum and Polkadot ecosystems.

The platform guarantees more than simply an aesthetically thought-out UI but also an investor-centric feel to create the perfect blend between form and functionality.

Social Links :

Twitter : https://twitter.com/plethori

Telegram : https://t.me/plethori

Medium : https://medium.com/plethori

As Digital Currencies Gain Popularity, FPA and RIA Digital Assets Council Announce Education-Focused Partnership 23447

According to the RIA Digital Assets Council, 80% of financial advisers receive questions from clients about bitcoin, but only 8% can adequately explain digital assets. As cryptocurrency becomes more mainstream, now is the time for financial planners to build competency in this asset class. To support financial planners, the Financial Planning Association® (FPA®) and RIA Digital Assets Council (RIADAC), a digital assets educational source for financial planners, announced a strategic partnership to provide education on the application of blockchain and digital assets.

“I’m pleased FPA has this opportunity to work with RIADAC to build our members’ competency in digital assets, which will allow them to augment their knowledge and better serve clients,” says Patrick D. Mahoney, FPA chief executive officer. “As the leading membership association for CERTIFIED FINANCIAL PLANNER™ professionals, we need to be on the cutting edge of supporting our members as they look to sharpen their knowledge and build their competencies. This partnership with RIADAC is consistent with that objective.”

FPA and RIADAC will provide educational programming and a wide range of content to help FPA members understand the complexities of cryptocurriencies and provide expert advice on how this transformational asset class can impact their clients’ financial plans. As an FPA partner, RIADAC’s educational content and thought leadership will be available to FPA members through a variety of channels:

  • RIA Digital Assets Council Certificate in Blockchain and Digital Assets: FPA members will receive a 50% discount when enrolling in RIADAC’s certificate program that provides financial planners practical literacy on blockchain and digital assets and introduces available options for a firm’s investment management strategy. The inaugural class debuts on Apr. 30, 2021.
  • FPA Blockchain & Digital Assets Community: FPA members will engage with dynamic guests and thought leaders from RIADAC in virtual, interactive discussions and exchange ideas with peers in the FPA Connect Blockchain & Digital Assets community.
  • Journal of Financial Planning: RIADAC will regularly contribute thought leadership content to help financial planners understand blockchain and digital assets in FPA’s flagship publication, the Journal of Financial Planning.
  • FPA Annual ConferenceRic Edelman, founder of RIADAC, will present an informative session on blockchain and digital assets at the FPA Annual Conference in Columbus, OhioSept. 22-24, 2021.

“Gaining vital knowledge about this new asset class will help financial planners attract more clients and serve them better,” said RIADAC Founder Ric Edelman. “We’re honored to be partnering with FPA to help financial planners who are committed to serving their clients’ best interests.”

Ric Edelman is known and recognized throughout financial services and his work to bring blockchain and digital assets education and awareness to the financial advisory community is commendable. I am pleased FPA members will have this opportunity to learn from Ric and his team at RIADAC,” says 2021 FPA President Skip Schweiss, CFP®, AIF®.

Over the coming months, FPA and RIADAC will explore additional educational initiatives and thought leadership programs that can benefit FPA members, their clients and the broader financial planning community.