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PayPalMoney laundering has long been a scourge of the cryptocurrency sector, and the industry has a new answer meant to demonstrate it can head off major problems before they accelerate: the Beacon Network.The new system of illicit-activity alerts, which has been building behind the scenes under the management of TRM Labs, is now officially operational under a broad coalition of law enforcement agencies, exchanges, analysts, individual crypto sleuths …See the Story
Crypto Offers Answer to Money Laundering Crisis: Global Alert Network Called 'Beacon'
60% Left coverage: 5 sources
Donald Trump · United StatesIn a Monday report, Bloomberg confirmed that asset management firms Point72 and ExodusPoint have both acquired stakes in Alt5 Sigma (NASDAQ: ALTS) , a biotech firm turned crypto payments company. The deal shows Point72 holding a 4% stake valued at $26.7 million, while ExodusPoint holds 4.7% worth $32.1 million. This fresh inflow follows a $1.5 billion deal involving Donald Trump–backed World Liberty Financial, suggesting a broader trend of these…See the Story
