This crypto surveillance startup ‘We’re bomb sniffing dogs’ just raised Series A funding
Solidus Labs, a company that says its surveillance and risk-monitoring software can detect manipulation across cryptocurrency trading platforms, is today announcing $20 million in Series A funding led by Evolution Equity Partners, with participation from Hanaco Ventures, Avon Ventures, 645 Ventures, the cryptocurrencies derivative exchange FTX, and also a sprinkling of government officials, including former CFTC commissioner Chris Giancarlo and former SEC commissioner Troy Paredes.
It’s pretty great timing, given the various signals coming from the U.S. government just last week that it’s intent on improving its crypto monitoring efforts such as the U.S. Treasury’s call for stricter cryptocurrency compliance with the IRS.
Solidus Labs Announces $20 Million A Round, to Enable Safe Crypto Markets and Transform Financial Risk Monitoring
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Solidus Labs Announces $20 Million A Round, to Enable Safe Crypto Markets and Transform Financial Risk Monitoring
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Simple Answers to Four Questions From Blockchain Skeptics
April 26, 2021 @ 12:30 pm By Lee Schneider
When you work in the blockchain and cryptoasset space for a while, you hear four particular questions asked over and over by people new to the space and particularly by skeptical people. These are good and important questions and they deserve simple, straightforward answers, so let’s get to it.
What problem does it solve?
This question is sometimes asked as a challenge and sometimes an attempt to understand why it is useful. In either case, blockchain is useful because it solves the problem of
digital integrity. It may not be the only solution to that problem but it is becoming the most widely adopted one.