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Portfolio tracker Crypto Pro launches dedicated macOS app

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Crypto Pro, a privacy-oriented crypto tracker, is announcing the launch of its macOS app. The newly released app will enable users to access the platform directly from their macOS and stay connected across all platforms.

Extending the Apple Experience

The designated macOS app will act as an extension of the Crypto Pro iOS user experience, allowing users to access all of the app’s features and sync their accounts across all platforms. That way, all Crypto Pro users can access their Favorites List, API Keys, General Settings, Alerts, and Portfolios on multiple devices, removing the need to manually replicate the settings on every device. The app utilizes Apple’s Keychain framework to offer end-to-end encryption, which provides the highest level of data security.

Crypto Pro’s pricing structure for the macOS app will remain the same as for the platform’s iOS app. The iOS app, the Apple Watch app, and the macOS app are all available for free and offer a wide range of features, including cross-device sync. Advanced features such as automatic Exchange Import for portfolios, and live prices are only available on the app’s

premium version. However, users subscribed to the iOS app can access all of their data and premium features on macOS with no additional charge.

By adding a designated macOS app to its offer, Crypto Pro has positioned itself as an all-in-one, multi-platform stop for everything crypto-related. Launching the Crypto Pro macOS app is the latest update brought on by the company, which includes a revamped desktop website, a designated Apple Watch app, and the addition of hundreds of new crypto assets.

About Crypto Pro

Crypto Pro is a California-based, privacy-oriented company focused on building a safe and secure ecosystem that will allow its users to track their crypto holdings. The Crypto Pro iOS app lists 5,931 cryptocurrencies. The data that determines the price of the coins is pulled from over 100 different cryptocurrency exchanges, including Binance and Coinbase.

The app does not store any user data or use any analytics solutions to track its users. All user data is encrypted and stored locally on each device the app is installed on.

For further queries, visit their website, email them or tweet to them.

Disclaimer: This a paid post, and should not be treated as news/advice.

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Chainalysis says Binance and Huobi allegedly used for billions of dollars in criminal Bitcoin activity

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Leading blockchain security and analytics company Chainalysis recently revealed that it tracked $2.8 billion in Bitcoin (BTC) that was allegedly transferred by criminal elements to major digital currency exchanges last year. The majority of these transactions reportedly went through Binance and Huobi, two of the world’s largest crypto exchanges.

The Chainalysis team wrote in its report: “While exchanges have always been a popular off-ramp for illicit cryptocurrency, they’ve taken in a steadily growing share since the beginning of 2019. Over the course of the entire year, we traced $2.8 billion in Bitcoin that moved from criminal entities to exchanges.”

About 27.5% of this amount went to Binance while another 24.7% went to Huobi, Chainalysis’ report noted.

300,000 individual Binance and Huobi accounts received Bitcoin from criminals in 2019

On the two leading crypto-asset exchanges, a relatively small group of trading accounts that received over $100 billion in BTC in 2019 took in the vast majority of the illicit funds, Chainalysis revealed. Around 75% of the total funds received on Huobi and Binance went to 810 of the

highest-receiving user accounts, the report claimed.

It added:

“Overall, just over 300,000 individual accounts at Binance and Huobi received Bitcoin from criminal sources in 2019.”

Chainalysis’ researchers said that these large accounts are most likely managed by over-the-counter (OTC) brokers that “are typically associated with an exchange but operate independently.”

While Binance and Huobi have implemented fairly strict know-your-customer and anti-money laundering checks, these requirements are quite lenient for OTC desks. This has allowed some OTC desks to provide money-laundering services to criminal organizations, Chainalysis alleges.

100 large OTC dealers found providing money-laundering services

Out of 100 large 100 OTC dealers that Chainalysis found offering money laundering services, 70 are operating via Huobi’s platforms. These 100 brokers may collectively account for nearly 1% of all monthly Bitcoin (BTC)-related transactions, the report estimated.

Samuel Lim, chief compliance officer at Binance, says that the Malta-based exchange “is committed to cleaning up financial crime in crypto and improving the health of our industry.”

Lim added:

“We will continue to improve on our proprietary KYC and AML technology, as well as the third-party tools and partners we work with, to further strengthen our compliance standards.”

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Deribit Takes On New Trading Tools to Capture ‘Exploding’ Options Market

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Amid increasing activity within the crypto derivatives market, software maker Trading Technologies (TT) announced Wednesday it would provide trading tools to users of leading crypto exchange, Deribit.

Included in the suite are advanced order types, charting and analytics as well as access to a feature allowing users to create algorithms for bot trading.

TT users eligible to trade on Deribit will be able to access all listed products, including bitcoin (BTC) and ether (ETH) futures, perpetual and options contracts. Dutch-based (for another month) Deribit, founded in 2016, is now the fifth crypto-only exchange that TT supports, alongside BitMEX, CoinFLEX, Coinbase and Bakkt.

TT’s vice president of cryptocurrencies, Michael Unetich, said demand for crypto derivatives was strong in regions such as the U.S., Asia and Europe.

“We hope to provide trading access to the highest volume derivatives exchanges in the world. CME is one leading derivatives venue, while others are located in Asia.” Unetich said.

Trading Technologies creates professional trading software, infrastructure and data solutions for a wide variety of users, including proprietary traders, brokers, money managers, chartered tax advisors (CTAs), hedge funds, commercial hedgers and risk managers. Traditional financial institutions like Goldman Sachs; stock exchanges like the Johannesburg Stock Exchange; and Europe’s largest derivatives exchange Eurex also use the 25-year-old firm’s tools.

Exploding options market

Jehan Chu, co-founder and managing partner of Kenetic, a Hong Kong-based blockchain investment and trading firm said TT’s connection to Deribit was a “massive show of confidence” for the “exploding” options market. 

“TT’s long credible history and impressive user base combined with Deribit’s experience as one of the first crypto options platform is an exciting match that should significantly increase volumes over time,” Chu said.

Commenting on the Asia-Pacific region for retail investors, Chu also said the TT and Deribit partnership would “expand the options markets for Asian traders through a familiar and trusted platform.”

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Paxos’ Tokenized Gold Futures Are Now Trading on FTX Exchange

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For the first time, investors can trade gold-backed futures contracts on a leading crypto derivatives exchange. In addition to its spot market trading, PAX Gold is now available as perpetual and quarterly futures contracts on FTX.

Using PAX Gold, a stablecoin backed by gold, FTX will allow traders to buy and sell gold futures contracts via digital assets.

A futures contract is an agreement to buy or sell a specified asset at a predetermined price at a specific time in the future.

The price of PAX Gold is tied to the spot price of one troy ounce of London Good Delivery gold, a standard measure for the London gold market. With

PAX Gold, a trader or investor owns the underlying physical gold stored in London vaults, which is unlike gold futures, exchange-traded funds or unallocated gold. 

By offering more sophisticated trading vehicles for digital assets, FTX hopes to pave the way for eventual options and leverage trading for PAX Gold. 

“Crypto trading is still a young market,” said Paul Ciarvardini, Head of Trading at Paxos in an email to CoinDesk. “PAX Gold futures on FTX shows how the market is maturing and that it is ready for more complex financial instruments.”

FTX is operated by Alameda Research, a cryptocurrency liquidity provider that ensures the exchange has access to deep liquidity pools essential for the health and growth of the crypto derivatives market.

[Updated with quote by Paul Ciarvardini.]

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