Cronos partners with Chainalysis for security and compliance support

Chainalysis x Cronos

Cronos, the native token of Crypto.com’s ecosystem, has partnered with leading blockchain analytics firm Chainalysis to bring security and data services to its token.

Previously known as Crypto.com Coin, Cronos (CRO) runs on the first Ethereum-compatible blockchain network to use Cosmos SDK technology. It fluctuates towards the end of the top twenty cryptocurrencies in terms of its market capitalisation.

The partnership has already added Chainalysis KYT (Know Your...

EU Parliament passes proposals to hinder cryptocurrency privacy

EU flags outside the EU headquarters.

European Union (EU) lawmakers have supported controversial proposals to outlaw anonymous crypto transactions.

More than 90 lawmakers from the EU Committees on Economic and Monetary Affairs (ECON) and on Civil Liberties, Justice and Home Affairs (LIBE) voted in favour of the measures.

The new rules would extend anti-money laundering requirements that apply to conventional fiat payments over EUR 1,000 to the European crypto sector.

However, they would also remove...

Australian competition watchdog sues Meta over crypto scam adverts

Facebook (Meta)

The Australian Competition and Consumer Commission (ACCC) is suing Meta for allowing alleged scam advertisements for cryptocurrency investments.

Australia’s competition watchdog said the adverts used local celebrities and fake media articles to promote and endorse their schemes.

Entrepreneur Dick Smith and television presenter David Koch were amongst the Aussie celebrities used to trick users into trusting the promotions, despite having never personally approved...

BitMart begins to resume withdrawals four days after $196m hack

Hacker's Keyboard

Crypto exchange BitMart resumed Ether withdrawals and deposits in the early morning of December 8, four days after hackers stole $196 million (£148m) of assets.

On December 4, BitMart claimed hackers withdrew $150m (£113m) of crypto in a “large-scale security breach”. However, blockchain analytics firm Peckshield, who first publicised the hack, believe the real figure is closer to $200m (£151m).

In a statement on December 6, the exchange confirmed it had completed...

Is blockchain the key to trust in social media?

Social media apps on a smartphone.

The Cambridge Analytica scandal in 2018 drew massive attention to the way in which social media companies handle their users’ private data.

At the time, details regarding how Facebook had been providing users' personal information to third parties made the headlines around the globe, and caused the public to think more carefully about what happens to the personal data they offer social media firms.

Since then, it seems that trust in social media companies has...

Blockchain identity market to grow £2.57bn by 2025

Cambridge Analytica, blockchain and data breaches

Infiniti Research has forecast a compound annual growth rate (CAGR) of 71% for the global blockchain identity management market from 2021 to 2025.

The marketing research firm’s new report, titled ‘Global Blockchain Identity Management Market 2021-2025’, expects the global market to grow by $3.58 billion (£2.57bn) during the four year period.

The study assumes that the market for blockchain identity management will continuously expand as the growth of cloud...

£8.6 billion investment gap in blockchain and AI is holding back the EU

A pile of 100 Euro notes.

The European Union (EU) needs to invest €10 billion (£8.6 billion) more each year in order to stay in the global artificial intelligence and blockchain race.

This was the stark warning from the European Investment Bank (EIB) and European Commission in its latest new study on the state of play in AI and blockchain technologies in the EU - ‘Artificial intelligence, blockchain and the future of Europe: How disruptive technologies create opportunities for a green and digital...

Elder Research partners with Smarter Contracts in blockchain and AI play

Elder Research, a provider of artificial intelligence (AI) and data science technologies, has signed a strategic partnership with Smarter Contracts, a UK based fintech company focused on data privacy. The two businesses are preparing to launch the first of its kind data privacy platform, by combining the unique features of blockchain technology with artificial intelligence.

Together they plan to incorporate elements of Elder Research’s AI and machine learning knowledge into an...

SettleMint looks to blockchain self-sovereign identity with IdentiMint

A core tenet of blockchain technologies is trust - but not just from a standpoint of having records on an immutable ledger. The concept of blockchain for digital identity - enabling 'more secure management and storage of digital identities by providing unified, interoperable, and tamper-proof infrastructure with key benefits to enterprises, users, and IoT management systems', as ConsenSys puts it - is increasingly key.

One essential part of this, from the user side, is...