Roundup – 02/03/2019 – Legal Monitor of QuadrigaCX: Here are QuadrigaCX’s Empty Cold Wallets & more

Legal Monitor of QuadrigaCX: Here are QuadrigaCX’s Empty Cold Wallets

The legally appointed monitor of QuadrigaCX, Ernst and Young, could finally provide the blockchain addresses of the exchange. All of these wallets are empty. Except for $400,000 that a user sent to one of the addresses accidentally. This means that funds amounting to about $100 million are still missing. Independent researchers identified the addresses earlier this month. Now Ernst and Young has confirmed these addresses as QuadrigaCX’s addresses. Ernst and Young indicated in their report released on Friday that the exchange had opened accounts on at least 14 different crypto exchanges.

Circle Partners With Security Firm to Monitor Market Against Fraud

Circle has partnered with the financial crime management company NICE Actimize. The company provides a service that monitors market activity and, according to their own description, is able to identify insider trading, layering and pump and dump schemes. This gives Circle the ability to obstruct or even prevent such malicious trading activity. The step by Circle follows a wave of criticism that targets all major crypto exchanges for years now. The critics claim that exchanges stand aside while scammers target their customers that have little to none experience in investing.

Saudi Arabian ATM Manufacturer Will Produce Biometric Blockchain ATMs

The ATM producer Alhamrani Universal has partnered with ShoCard. A company that provides a blockchain based identity authentication service. Instead of identifying a person via numbers, pseudonyms etc. the ATM will allow its customers to withdraw money via a biometric scan. Addressing privacy concerns in their official press release, the company states that most ATMs have a camera installed already. The blockchain serves to purposes according to Armin Ebrahimi, the CEO and founder of ShoCard: “To protect individuals’ identity while confirming the information that banks need to verify that a withdrawal is legitimate.”

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