Bittrex boosts crypto transaction monitoring

Posted 27 September, 2019

The Bittrex cryptocurrency exchange announced the integration of a Chainalysis solution to track suspicious transactions. The product supports many assets represented on the exchange: Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Dai, Gemini Dollar and and other coins that are listed on the platform.

The company became highly concerned about criminal transactions especially once the Financial Action Anti-Money Laundering Development Group (FATF) had approved recommendations for the supervision of cryptocurrency exchanges.

“Having real-time information coming in from which we can make risk decisions is really an amazing step forward, and frankly one that’s not available to traditional financial institutions.” — said Chief Compliance and Ethics Officer John Roth.


Chainalysis security chapter Jonathan Levin added that the new tool will help automate the process of tracking transactions on the exchange. The software will mark potential criminal transactions, after which Bittrex employees will evaluate them manually and, if necessary, prepare reports for regulators.

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27 September, 2019 10:27

← US dollar differently directed at week end

The American currency has followed different trends at the end of the week. The US dollar got stronger vs the euro but lost some grounds in the pair with the Japanese yen. According to the market data, the euro-to-US dollar exchange decreased to some $1,0910 during today's trading, while yesterday's session was closed at $1.0921.

US dollar differently directed at week end

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26 September, 2019 17:02

Canaan Creative unveils new ASIC miners for Ethereum →

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Canaan Creative unveils new ASIC miners for Ethereum
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