Scorechain's Blog

Tron (TRX): 5 things to know

What is Tron (TRX)? First, let’s have a look at Tron. Tron is a blockchain-based operating system with a native cryptocurrency, Tronix or TRX. It has been created in 2017 by Justin Sun. The network aims to support content sharing and entertainment and to enable creators to directly connect with

Crypto regulation guides: understand AML requirements by country

Scorechain periodically releases crypto regulation guides. These guides help compliance officers grasp every aspect of crypto AML requirements and help them to be compliant. Crypto regulation is evolving worlwide… With the recent explosion in cryptocurrency usage and adoption comes more regulation. Indeed, more and more countries are strictly regulating cryptocurrencies

Hot wallet hacks: how to mitigate ML/TF risks

This week, two cryptocurrency platforms announced that their hot wallets have been hacked. At the beginning of the week, cryptocurrency exchange LCX and sports NFT minting platform Lympo announced the incident on their social media. But, funds related to hacks have high ML/TF risks and should be treated carefully by

Crypto in 2022: what should we expect?

As seen in our last blog post, 2021 has been an eventful year for the cryptocurrency ecosystem. But what can we expect for crypto in 2022? What will happen around crypto in 2022? Eth 2.0 First, one of the most highly-anticipated cryptocurrency updates is a new stage towards Eth 2.0.

Recap: the biggest crypto news in 2021

The year is coming to an end and we are all excited to celebrate the beginning of 2022. Let’s have a look at some of the biggest crypto news in 2021! This past year has been very exciting for Scorechain. Indeed, we have been able to develop the product to

An in-depth guide on crypto-asset regulation in Germany

Scorechain is happy to announce the publication of its latest regulatory guide. Our guide on crypto-asset regulation in Germany aims to help obliged entities to grasp every aspect of crypto AML requirements in Germany. Why are there more and more crypto-asset regulations? Since the outbreak of the COVID-19 pandemic in

Crypto regulations in Australia

Cryptocurrencies are quite popular in Australia. For example, in 2020 around 18% of people owned cryptocurrencies. With a good number of people showing interest in cryptocurrencies, the state of crypto regulations in Australia is evolving. Indeed, the government put in place anti-money laundering (AML) laws to regulate them and their

MonoX, BadgerDAO, Bitmart: Mitigating cryptocurrency hack risks

Cryptocurrency hack has been the topic of last week. Indeed, malevolent actors targeted three cryptocurrency platforms, only a few days apart. Cryptocurrency exchange Bitmart and decentralized finance (DeFi) protocols Monox Finance and BadgerDAO all suffered hacks. The attacks led to hundreds of million dollars losses. Let’s see exactly what happened

KYA KYT reports: 5 reasons why our customers love them

Last week, we launched the new version of our KYA and KYT reports. This update aims to facilitate the daily work of compliance teams working with cryptocurrency and help businesses to comply with evolving legal requirements on cryptocurrencies. What do KYA and KYT mean? First, let’s have a look at

Liquidity pools explained

You might have heard about liquidity pools (LP) before but are not sure what it is about? Look no further, this article will explain all you need to know on the subject. Liquidity pools is a term that we can often come across in decentralized finance (DeFi). Recently, there has