• Feds are coming for DeFi
    Cryptocurrencies,  Regulation

    The feds are coming for DeFi

    In the wake of criminal charges leveled at exchange and derivatives platform BitMEX, decentralized finance projects may find they’re not untouchable

    The idea of decentralized finance is that there is no central authority in charge to control the exchange’s operations doesn’t mean they can get away with lax or no know-your-customer (KYC) and anti-money-laundering (AML) compliance. Or that there is no one to be held accountable.

  • Buying Bitcoin using fiat
    Bitcoin

    Buying Bitcoin using fiat just got easier

    A new partnership with Paxful means OKEx users can buy Bitcoin using 160 fiat currencies… or gift cards, if they prefer.

    OKEx announced on June 15 that it has entered into a strategic partnership with the peer-to-peer Bitcoin marketplace Paxful. OKEx users will be able to purchase BTC using more than 160 fiat currencies, while Paxful users will be given direct access to the OKEx platform for trades, options and futures.

  • Huobi targets money laundering
    Regulation,  Technology

    Huobi targets money laundering, fraud

    New Star Atlas analytics tool will allow the cryptocurrency exchange to automatically detect and trace fraudulent or illegal transactions

    Huobi Group announced today that it has launched Star Atlas, a new analytics tool designed to monitor on-chain transactions and activities “in real time to identify and flag suspicious or problematic transactions" such as money laundering, fraud, illegal dark web sales, and even price manipulation.

  • Huobi’s regulator-friendly financial blockchain money laundering
    Regulation

    Huobi’s regulator-friendly financial blockchain launches beta

    Huobi’s regulator-friendly financial blockchain framework is aimed at DeFi applications ranging from payments and tokenized assets to lending and identity verification systems, according to a release. It also can host distributed exchanges (DEX) and private blockchains, among other services.