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PARSIQ Plans to Change Blockchain Analysis with its New Beta Monitoring Platform

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PARSIQ has launched the public beta of its innovative monitoring solution which it hopes will completely change blockchain analysis. PARSIQ is the first blockchain monitoring platform that allows users to set up “smart triggers” to react to events on the blockchain using its advanced blockchain stream manipulation language, ParsiQL. The beta is available now, free to use on the Ethereum mainnet.

PARSIQ addresses the fundamental complexity of analysing blockchains in real-time, a problem that leads to reduced trust in the technology and increased instances of fraud.

Most blockchains are – by their nature – open for everyone to see. However, their transparency is clouded by size and complexity. There is currently a lack of sophisticated tools that have the automation and deep analytics necessary to perform monitoring of blockchain at scale and in real-time. Poor tooling means market manipulation is rife, and also leads to crypto hacks going undetected until preventative action is too late.

PARSIQ, through Smart-Triggers underpinned by its advanced language, ParsiQL, allows insights, alerts and advanced blockchain monitoring to run on its platform in real-time.

Anatoly Ressin, Co-Founder & Chief Blockchain Architect at PARSIQ, said: “Right now, blockchain’s transparency is clouded by its size and complexity. Existing tools lack the flexibility to allow developers to simply and quickly create automated triggers, or program complex logic conditions that will act in realtime to give new insights and more advanced levels of monitoring than are currently possible.

“The PARSIQ Monitoring solution is part of our platform to provide new tools and capabilities for analyzing blockchains – from ensuring that funds received come from a legitimate source to securing wallets and through to the creation of better market intelligence insights.”

CoinMetro, a cryptocurrency exchange, is already working with PARSIQ on the compliance side for KYT (Know Your Transaction), and is now looking to integrate it into the wider exchange platform to enhance security and offer value-add services.

Kevin Murcko, CoinMetro CEO, said: “We’re now integrating PARSIQ into CoinMetro for data mining. By using triggers and actions to speed up our onboarding process, PARSIQ will save us a huge amount of manual time and effort, and ensure our customers are fully protected against unusual transactions.”

The post PARSIQ Plans to Change Blockchain Analysis with its New Beta Monitoring Platform appeared first on CryptoNewsReview.

Source: https://cryptonewsreview.com/parsiq-plans-to-change-blockchain-analysis-with-its-new-beta-monitoring-platform/

Blockchain

KuCoin Maintains Wallet Freeze as Hackers Begin Laundering Stolen Crypto

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The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source: https://www.coindesk.com/kucoin-crypto-hack-laundering

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Bahrain’s Central Bank authorizes U.K’s Fasset to test blockchain-based solutions

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The Central Bank of Bahrain today authorized U.K-based Fintech firm, Fasset, to begin testing the tokenization of hard assets in Bahrain’s regulatory sandbox, according to a press release shared with AMBCrypto.

The firm has so far raised around $4.7 million in a pre-seed round from “strategic backers” in the UAE, Saudi Arabia, Bahrain, Kuwait, and Singapore.

The announcement comes on the back of Fasset announcing the roll-out of its flagship crypto-exchange, FEX, in Bahrain next year, with the announcement also stating that it will be open to investors from Kuwait, Oman, Qatar, Saudi Arabia, and the UAE. The announcement, however, did not expand on whether Fasset would acquire any additional permits.

Traditionally, the region mandates these platforms acquire a certification from the Bahrain-based Shariya Review Bureau (SRB), a certification that allows firms to abide by the tenets of Islamic law (that do not permit gambling and taking interest on loans, among others.) While this may seem like an additional, and maybe even an unnecessary step to outsiders, the certification is seen as an advantage in the region since it allows firms to unlock a network of investors observant of Islamic financial policies.

In fact, according to a 2017 study by the Malaysia International Islamic Financial Center, investments from networks that adhere to Sharia are said to be worth more than $70 billion. Algorand‘s network, for instance, has already acquired the said Sharia certification to operate in Bahrain.

While local laws in the Gulf have contributed to cryptocurrency trades being restricted, like Bahrain, the UAE and Saudi Arabia are also focusing on adopting blockchain tech. This could stem from the fact that the region is home to a huge number of expats that hail from developing markets, a demographic observation that might be motivating the Gulf to take on blockchain tech to expand on remittances.

For instance, UAE-based retail bank, RAKBank, adopted Ripple’s blockchain tech to widen its remittance routes to provide quick cross-border payments to India and Bangladesh. Meanwhile, Chainanalysis had reported that the Saudi Arabian Monetary Authority (SAMA), Saudi Arabia’s central bank, “has conducted several blockchain initiatives,” including using blockchain technology to “deposit funds to local banks.”

With the launch of FEX and its entry to Bahrain’s regulatory sandbox, the firm may soon compete with another crypto-exchange, Rain, with the latter already operating in the Kingdom with a full license from the central bank.

The most recent development is only evidence of the Gulf embracing blockchain tech.

Source: https://eng.ambcrypto.com/bahrains-central-bank-authorizes-u-ks-fasset-to-test-blockchain-based-solutions

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Is Bitcoin back in the lead? Falling ETH IV suggests so

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The cryptocurrency market has never been averse to volatility. Bitcoin and Ethereum, the two major crypto assets’ relationships have spelled the future of most alts in the market, and currently, the Ethereum’s lead has been challenged by the largest crypto, Bitcoin.

The spread between the six-month-at-the-money implied volatility for Ether and Bitcoin, a measure of expected relative volatility between the two assets declined to 4.3% on 28 September, as per the crypto data provider Skew. This level was unseen since July.

Implied volatility suggested the market’s volatility expectations and risks involved with a certain asset over a specific period and is calculated using the prices of an option, time of expiration of the underlying assets, and others. The ETH-BTC implied volatility differential had topped on 22 February and has been seeing a constant push and pull ever since. ETH and other alts were outperforming BTC in February, May, and August, as the largest asset – BTC went under a period of consolidation.

Due to this, the market was expecting a higher Ether price volatility in comparison to Bitcoin. The volatility and growth were driven by the DeFi hype, but currently, DeFi has been facing a down period as top projects were falling and the volume was retracting. This clubbed with the latest expiry of 460k ETH options, may have caused the IV for ETH to slip lower. While BTC was breaking away from a consolidating price and the dominance was once again noting a rise.

Source: TradingView

Bitcoin dominance has been growing over the past couple of weeks and has seen the formation of a double bottom noting a surge from 59% to 61%. If the dominance index continues to rise, the growth of the altcoin will be limited along with Ethereun, while BTC surges in the short-term.

Source: https://eng.ambcrypto.com/is-bitcoin-back-in-the-lead-falling-eth-iv-suggests-so

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