CipherTrace, a US-based blockchain safety firm, has expanded its crypto intelligence platform to 700 tokens.
Observe 100 ERC-20 tokens
With the excellent platform launched on October 15, CipherTrace prospects can now deal with greater than 87% of the transaction quantity of the highest 100 cryptos corresponding to Ether (ETH), Tether (USDT), Bitcoin Money (BCH) and Litecoin (LTC), the corporate stated in a press launch.
The improved monitoring help of CipherTrace additionally contains the flexibility to hint a number of hundred ERC-20 tokens, the corporate added.
CipherTrace has not specified to Cointelegraph which cryptocurrencies aren’t supported on the platform on the time of publication. This piece shall be up to date with feedback when they’re obtainable.
The intensive choices are included within the newest CipherTrace Cryptocurrency Intelligence platform and are instantly obtainable to finish customers through the CipherTrace API for automated monitoring.
Customers and monetary researchers can hint crypto addresses and entry information on transactions, portfolios, exchanges and sensible contracts.
Making a "multi-trillion greenback world crypto-economy"
Dave Jevans, CEO of CipherTrace, emphasised that the brand new complete product plans to assist digital asset service suppliers battle criminals and terrorists to achieve the required stage of belief for mass acceptance and authorized acceptance.
He claimed that the addition of 700 cash will assist in making a "multi-trillion-dollar world crypto-economy."
Shannon Holland, CTO at CipherTrace, emphasised that the brand new addition required technological breakthroughs within the final 4 years and shut collaboration with regulators and monetary investigators. He stated:
“We are able to now discern beforehand unfathomable quantities of blockchain information and characterize it with a excessive diploma of confidence. We are going to proceed so as to add extra tokens, stablecoins and blockchains within the coming months. "
If reported In March 2019, CipherTrace was appointed by the Malta Monetary Companies Authority (MFSA) to watch the actions of crypto firms in Malta to assist fight cash laundering and terrorist threat financing.
The corporate based mostly in america reported in August, cyber criminals settled $ 4.three billion in 2019 with digital forex exchanges, buyers and customers.