Best TruStories of the Week - #1


This is an important one. Unfortunately, many who are not well-versed in the crypto world buy into misconceptions such as this one.


Back with 100 Cred.
Just wanted to add that I’m glad you included the word “programmer” in the claim. This story is often talked about in a way that makes Laszlo Hanyecz look foolish for trading 10k BTC for 2 pizzas. But he was a very early contributor to Bitcoin and he was trying to help garner a nascent Bitcoin some traction. This May 17, 2010 pizza transaction may well have been the very first physical good purchased with Bitcoin.


After reading the following on Binance’s blog, published December 6, 2018, I’d confidently back claim with 100 Cred:

"Chainalysis KYT identifies and categorizes crypocurrency services using features such as pattern recognition, proprietary algorithms, and millions of open source references. The software raises live alerts on transactions involved in suspicious activity, thwarting money laundering attempts on our platform.

Last month, Chainalysis rolled out its anti-money laundering (AML) compliance and investigation solution on the Binance platform. The integration of Chainalysis KYT (KYT stands for Know Your Transaction), a real-time transaction monitoring solution for cryptocurrencies, strengthens our existing measures for combating money laundering and our capacity to expand in new markets and user segments."