CipherTrace Integrates RSK Blockchain Into Its Cryptocurrency Intelligence Offering, Demonstrating Efficacy in Adding Support for New Tokens
CipherTrace adds data attribution from the RSK blockchain and RSK Infrastructure Framework (RIF) and all related tokens to its existing 800+ virtual assets traced on behalf of its clients.
MENLO PARK, Calif., Aug. 13, 2020 /PRNewswire-PRWeb/ -- Leading cryptocurrency intelligence company CipherTrace adds monitoring and tracing support for the RSK blockchain and RSK Infrastructure Framework (RIF). By integrating the RSK blockchain to its existing cryptocurrency intelligence capabilities, CipherTrace expands upon the existing 800+ virtual assets it traces on behalf of clients ranging from banks, exchanges, ATMs, and OTC desks to hedge funds, custody solutions, payment processors, and financial investigators.
By delivering blockchain analytics support for RSK, CipherTrace also adds monitoring support for all tokens built on the RSK blockchain, both present and future. With RSK, users can run smart contracts on the Bitcoin blockchain, making it a potentially revolutionary project.
Dave Jevans, CEO of CipherTrace, said, "Our integration of RSK demonstrates our company's ability to efficiently add monitoring support for new blockchains and tokens. This workflow that allows us to support any current and future tokens powered by the base blockchain is what has allowed us to scale quickly to meet the needs of a rapidly growing industry."
Diego Gutierrez Zaldivar, IOV Labs CEO, the organization behind RSK blockchain and RSK Infrastructure Framework (RIF) said, "The integration of CipherTrace's AML solution to the RSK Blockchain adds another important building block to the open financial ecosystem that has been steadily growing since last year. Together with the low cost payment processing, privacy protecting data storage and reputation based identity protocols, provided by the RSK Infrastructure Framework (RIF), enables the creation of cryptocurrency based financial services that can meet global financial safety regulations."
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About CipherTrace
CipherTrace, leading cryptocurrency intelligence company, protects financial institutions from crypto laundering risk and is helping to grow the crypto economy by making virtual assets trusted by governments and safe for mass adoption. CipherTrace delivers the world's most comprehensive cryptocurrency intelligence to detect money laundering, inform law enforcement investigations, and enable regulatory supervision. CipherTrace founders are dedicated to protecting consumer privacy, while defending against illicit finance. Deep expertise in cybersecurity, eCrime, payments, banking, encryption, and virtual currencies form the foundation for CipherTrace's commercial offerings. For more information, visit http://www.CipherTrace.com or follow us on Twitter @CipherTrace.
About IOV Labs
IOVlabs develops the blockchain technologies needed for a new global financial ecosystem; one that fosters opportunity, transparency, and trust. The organization currently develops the RSK Smart Contract Network, RSK Infrastructure Framework (RIF) and Taringa!'s platforms. The RSK Network is one of the more secure smart contract platforms in the world, designed to leverage Bitcoin's unparalleled hash power while extending its capabilities. RSK Infrastructure Framework (RIF) is suite of open and decentralized infrastructure protocols enabling faster, easier and scalable development of distributed applications (dApps) within a unified environment. Taringa is Latin America's largest Spanish speaking social network with 30 million users and 1,000 active online communities.
SOURCE CipherTrace
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