Binance announced to partner with Chainalysis, a blockchain forensics company to work on anti money laundering and know-your-customer compliance. The KYT solution of Chainalysis provides real-time transaction monitoring services based on pattern recognition and it can flag a suspicious transaction right as it happens. I argue the Binance partnership is nothing but a PR move. Binance does need some good PR around anti money laundering as regulators start paying attention to exchanges.

Monero is getting an upgrade today, an upgrade big enough to justify a hard fork. There are three major changes to be introduced. The first is the "bulletproofs" technology making the privacy layers more efficient and reducing the transaction size by up to 80%. The second upgrade is focused on anonymity by increasing the mandatory ring size for ring signatures. Lastly, the hard fork changes the Proof of Work algorithm to make sure Monero stays ASIC resistant

The South China Morning Post reported yesterday that because of the ongoing trade war between China and the US, mining equipment made by Bitmain and other Chinese companies is now a subject to 25 per cent tariffs when imported into the United States. If Chinese pools already own 74% of the Bitcoin hash power, aren't the tariffs counterproductive?