First BTC transaction with automated reporting conducted in Switzerland

First BTC transaction with automated reporting conducted in Switzerland

Cryptocurrency News

Three Swiss cryptocurrency firms successfully completed the first BTC transaction with automated reporting. The transaction complies with anti-money laundering (AML) regulations. The participants in the deal were Crypto Finance AG and 21 Analytics from Zug, as well as Mt Pelerin from Geneva. 21 Analytics CEO Lucas Betschart reported that the Bitcoin transaction between Crypto Finance and Mt Pelerin was the equivalent of $ 23. To carry out the transfer, the Travel Rule Protocol (TRP) solution…

Kadena blockchain throughput reaches 480,000 transactions per second

Kadena blockchain throughput reaches 480,000 transactions per second

Cryptocurrency News

The Kadena blockchain, developed by former JPMorgan employees, has reached 480,000 transactions per second, increasing the number of forked chains on the network to twenty. The developers of the Kadena blockchain have doubled the network throughput to 480,000 transactions per second. In comparison, Ethereum 1.x processes about 14 transactions per second. The Kadena blockchain relies on the same proof of work (PoW) mechanism as Ethereum. However, the Kadena developers said they have solved the scaling…