Elliptic Announces Expansion of Its Platform
- The company is launching full coverage of Polkadot and Algorand blockchains.
Elliptic, one of the leading global crypto-asset Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term platforms, announced today that the company has expanded its platform with the launch of full coverage of Polkadot and Algorand blockchains.
In an official announcement, Elliptic mentioned that the full compliance coverage of Polkadot and Algorand blockchains will be available through Elliptic’s Lens and Navigator products. According to the company, Elliptic is the first provider to offer comprehensive coverage of the Polkadot Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term globally.
Polkadot and Algorand blockchains are among the fastest-growing blockchains in the world. Polkadot (DOT) is one of the top 10 digital currencies with a market cap of over $33 billion. Although, the market cap of Algorand (ALGO) currently stands at around $11.5 billion.
“The announcement comes following a significant increase in interest from the business community in tools and data that can help ensure transparency of transactions conducted on the Polkadot and Algorand blockchains in recent months. Both blockchains are regarded amongst the most applicable for the mainstream business community,” Elliptic mentioned in the press release.
Earlier this year, Revolut, one of the world’s leading financial technology companies, adopted Elliptic's crypto compliance software and expanded its cryptocurrency offering.
Crypto Compliance
With the growing popularity of crypto assets around the world, the need for a comprehensive crypto compliance structure has increased significantly. In the latest announcement, Simone Maini, CEO of Elliptic, highlighted the importance of compliance in financial innovation.
“Algorand and Polkadot are blockchains with real potential to create greater efficiency and innovation in the financial world. We are delighted to support them, from today, with the rigour Elliptic is renowned for. This development is an important step towards our goal of supporting the financial community with coverage of the broadest set of blockchains in the greatest depth,” Maini said in the announcement.
Polkadot is currently trading near $34. DOT gained 13% in the last 24 hours. However, Algorand is trading near $1.86.
Elliptic, one of the leading global crypto-asset Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term platforms, announced today that the company has expanded its platform with the launch of full coverage of Polkadot and Algorand blockchains.
In an official announcement, Elliptic mentioned that the full compliance coverage of Polkadot and Algorand blockchains will be available through Elliptic’s Lens and Navigator products. According to the company, Elliptic is the first provider to offer comprehensive coverage of the Polkadot Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term globally.
Polkadot and Algorand blockchains are among the fastest-growing blockchains in the world. Polkadot (DOT) is one of the top 10 digital currencies with a market cap of over $33 billion. Although, the market cap of Algorand (ALGO) currently stands at around $11.5 billion.
“The announcement comes following a significant increase in interest from the business community in tools and data that can help ensure transparency of transactions conducted on the Polkadot and Algorand blockchains in recent months. Both blockchains are regarded amongst the most applicable for the mainstream business community,” Elliptic mentioned in the press release.
Earlier this year, Revolut, one of the world’s leading financial technology companies, adopted Elliptic's crypto compliance software and expanded its cryptocurrency offering.
Crypto Compliance
With the growing popularity of crypto assets around the world, the need for a comprehensive crypto compliance structure has increased significantly. In the latest announcement, Simone Maini, CEO of Elliptic, highlighted the importance of compliance in financial innovation.
“Algorand and Polkadot are blockchains with real potential to create greater efficiency and innovation in the financial world. We are delighted to support them, from today, with the rigour Elliptic is renowned for. This development is an important step towards our goal of supporting the financial community with coverage of the broadest set of blockchains in the greatest depth,” Maini said in the announcement.
Polkadot is currently trading near $34. DOT gained 13% in the last 24 hours. However, Algorand is trading near $1.86.