מאַסטערקאַרד ינטראָודוסט נייַ ווייכווארג צו ויסמיידן קריפּטאָ פרודאַ

• Mastercard launches software to avoid crypto frauds with the help of CipherTrace.   

According to CNBC’s data sources, On 4 October 2022, Mastercard will introduce new software to help banks determine and deduct transactions from fraud-prone crypto exchanges.     

The upcoming software of Mastercard will be named as CryptoSecure. The mechanism used by the software is “sophisticated” artificial intelligence(AI) algorithms to identify the risk of crime correlated with crypto exchanges on the מאַסטערקאַרד payment network, a public record of crypto transactions, and additional sources. 

CipherTrace powers Crypto Secure software, a blockchain security startup acquired by Mastercard. CipherTrace is headquartered in Menlo Park, California.     

CipherTrace helps businesses and government institutions trace illegal activities and fraudulent payments of cryptocurrencies. Its main rivals are Chainalysis and Elliptic, and their workplaces are in  New York and London. 

מאַסטערקאַרד is launching this initiative to determine the frauds because of increasing illegal activities and crime in the nascent digital asset market. The number of crypto wallets entering wallets with a recorded $16 billion in 2021. 

According to the data from Chainalysis number of hacks and scams in 2022 has rapidly increased, and somewhat this year is called the scammer’s favourite year.   

The President of Master of Cyber and Intelligence business mentioned while talking to CNBC that the move was about ensuring its partners can “stay compliant with the complex regulatory landscape.”

He further noted that “The whole digital asset market is now a pretty large, substantial market,” adding more he noted, “The idea is that the kind of trust we provide for digital commerce transactions, we want to be able to provide the same kind of trust to digital asset transactions for consumers, banks and merchants.”  

Bhalla also noted, “These are market cycles, they will come and they will go,” he said. “I think you’ve got to take the longer view that this is a big מאַרק now and evolving and is probably going to be much, much bigger in the future.” 

According to data from CoinMarketCap, While writing this article, bitcoin is trading at $19,912 with a 24-hour volume of $ 32,178,275,282. 

ענדרו איז אַ בלאַקכייוואַן דעוועלאָפּער וואָס דעוועלאָפּעד זיין אינטערעס אין קריפּטאָקוררענסי בשעת זיין נאָך גראַדזשאַוויישאַן. ער איז אַ שאַרף אַבזערווער פון דעטאַילס און שאַרעס זיין לייַדנשאַפט פֿאַר שרייבן צוזאַמען מיט זיין אַ דעוועלאָפּער. זיין באַקענד וויסן וועגן בלאַקכייוואַן העלפּס אים געבן אַ יינציק פּערספּעקטיוו צו זיין שרייבן

לעצטע הודעות דורך Andrew Smith (זען אַלע)