BIG Blockchain Intelligence Group Inc. (“BIG” or the “Company”) (CSE:BIGG, OTC:BBKCF, WKN:A2JSKG), a leading developer of Blockchain technology search, risk-scoring and data analytics solutions, is pleased to announce that it has integrated BitRank Verified(R) into the recently acquired Netcoins trading and brokerage application.
BIG Blockchain Intelligence Group Inc. (“BIG” or the “Company”) (CSE:BIGG, OTC:BBKCF, WKN:A2JSKG), a leading developer of Blockchain technology search, risk-scoring and data analytics solutions, is pleased to announce that it has integrated BitRank Verified(R) into the recently acquired Netcoins trading and brokerage application. This is in-line with BIG’s vision of bringing greater and enhanced compliance to the cryptocurrency industry.
BIG’s transaction risk-scoring BitRank Verified(R) service will enable Netcoins to:
- reduce the trading risk exposure related to cryptocurrencies;
- increase confidence in meeting regulatory compliance;
- stop the flow of coins tied to Dark Web activity;
- increase security through Anti-Money Laundering (AML) efforts;
- deliver transparency regarding the legitimacy of transactions;
- create a deterrence against criminal elements that may engage in illicit activity; and,
- provide assurance to their customers that measures are in place to strongly curtail illicit transactions or reduce the amount of illicit funds that could have otherwise transacted.
Netcoins OTC (Over-the counter) trading business has also been enhanced with BIG BitRank technology, allowing the validation of both inbound and outbound coins and transactions by identifying whether they are associated with entities or exchanges connected with criminal elements.
BIG’s full suite of cryptocurrency security tools and services, including our transaction risk-scoring BitRank Verified(R) service, its QLUETM cryptocurrency investigation platform, and in-house Forensic Services Division can now be utilized with Netcoins.
When BitRank Verified(R) flags questionable or illegitimate transactions, QLUETM (Qualitative Law Enforcement Unified Edge) is used to perform due diligence and blockchain security investigations at greater forensic depth by exploring where the related funds are coming from and the security profiles of the entities involved. BIG’s in-house Forensic Services Division provides a deep dive to obtain an even greater level of insight and identification of the entities involved in the given transactions.
“We’re very excited to now provide a simple, secure and transparent method to trade and invest in cryptocurrency,” said BIG President, Lance Morginn. “Our Company now represents a new industry standard of safety for trading and brokerage in the crypto financial space. We can facilitate trading with cryptocurrencies in confidence, transparency and security as we meet current and pending compliance regulations and engage in AML. This will again help to bring cryptocurrency mainstream.”
BIG CEO, Mark Binns, commented, “With BitRank now embedded into the Netcoins trading and brokerage App, and BIG’s QLUETM engine and Forensic Services Division at Netcoins’ disposal, we can offer our global customers the highest level of security and confidence as they look to trade and invest in cryptocurrency.”
On behalf of the Board,
About BIG Blockchain Intelligence Group Inc.
BIG Blockchain Intelligence Group Inc. (BIG) brings security and accountability to the new era of cryptocurrency. BIG has developed from the ground up a Blockchain-agnostic search and analytics engine, QLUETM, enabling Law Enforcement, RegTech, Regulators and Government Agencies to visually trace, track and monitor cryptocurrency transactions at a forensic level. Our commercial product, BitRank Verified®, offers a “risk score” for cryptocurrency, enabling RegTech, banks, ATMs, exchanges, and retailers to meet traditional regulatory/compliance requirements. Our Forensic Services Division brings our team of investigative experts into action for cryptocurrency investigations that require in-depth expertise and experience, either in conjunction with or supplemental to our user-friendly search, risk-scoring and data analytics tools. Based on industry demand, we created our Cryptocurrency Training Academy (www.CryptoInvestigatorTraining.com) to help Law Enforcement, the Financial Sector and Regulators learn how to bring security and accountability to cryptocurrency; our Cryptocurrency Investigator Certification Course is a one-stop solution to understanding the world of cryptocurrency, how to reduce associated risk, and investigate cryptocurrency crime.
Netcoins is in the business of developing software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor through brokerage services. Netcoins enables crypto transactions via 171,000+ retail locations globally, a self-serve crypto purchase portal and an Over-The-Counter (OTC) trading desk.
About BitRank Verified®
BIG developed BitRank Verified® to be the industry gold standard in ranking and verifying cryptocurrency transactions. BitRank Verified® offers the financial world a simple risk score, enabling consumer-facing bank tellers, exchanges, eCommerce sites and retailers to know whether a proposed transaction is safe to accept, questionable, or should be denied. BitRank Verified® and its API are custom tailored to provide the RegTech sector with a reliable tool for meeting their regulatory requirements while mitigating the risk of money laundering or other criminal activities.
QLUE™ (Qualitative Law Enforcement Unified Edge) enables Law Enforcement, RegTech, Regulators and Government Agencies to literally “follow the virtual money”. QLUE™ incorporates advanced techniques and unique search algorithms to detect suspicious activity within cryptocurrency transactions (Bitcoin, Ethereum), enabling investigators to quickly and visually trace, track and monitor transactions in their fight against terrorist financing, human trafficking, drug trafficking, weapons trafficking, child pornography, corruption, bribery, money laundering, and other cyber crimes.
About the Crypto Fusion Center
BIG created the Crypto Fusion Center (CFC) to serve as a community resource dedicated to fighting the criminal use of cryptocurrencies. The CFC’s mission is to maintain and promote the legitimacy of cryptocurrencies while protecting the market as a whole by identifying and isolating criminal events as they occur. The CFC enables entities in all sectors to notify major participating exchanges, financial institutions, and law enforcement agencies in a timely manner when cryptocurrency thefts occur. The CFC is a direct result of BIG’s greater mission of bringing cryptocurrencies mainstream through social responsibility. Entities interested in learning more about the Crypto Fusion Center or considering participating in the community can visit the CFC here: https://cryptofusioncenter.com/
About Our Expert Training
We offer custom on-site and 24/7 online training, enabling Law Enforcement, the Financial Sector and Regulators to understand cryptocurrency risk and successfully investigate suspicious activity. Our in-person, on-site training solutions are designed to fit our clients’ scheduling, location and learning needs. Through our online Cryptocurrency Training Academy (www.CryptoInvestigatorTraining.com), clients can take our Cryptocurrency Investigator Certification Course to earn their Certified Cryptocurrency Investigator credential from BIG to validate their new knowledge.
About Our Forensic Services Division
Our Forensic Services Division provides Law Enforcement, Financial institutions and Regulators with expert support to help trace, track and monitor illicit activity involving cryptocurrencies. Our services range from quick and simple due diligence case reviews, to providing in-depth forensic support for ongoing investigations, and providing expert witness testimony from unbiased third-party investigators.
BIG Investor Relations
Certain statements in this release are forward-looking statements, which include completion of the search technology software and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, and other factors, many of which are beyond the control of BIG. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Undue reliance should not be placed on the forward-looking information because BIG can give no assurance that they will prove to be correct. Important factors that could cause actual results to differ materially from BIG’s expectations include, consumer sentiment towards BIG’s products and Blockchain technology generally, technology failures, competition, and failure of counterparties to perform their contractual obligations.
The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, BIG disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, BIG undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.