Merkle Science is proud to announce that we are Service Organization Control (SOC) 2 Type 1 compliant. On May 4, 2022 Merkle Science successfully completed a SOC 2 Type 1 audit, which was conducted by Sensiba San Filippo LLP, a Certified B Corporation that specializes in accounting and business advisory services.
Singapore - 19 August 2022: Merkle Science, the predictive crypto risk and intelligence platform has today announced its partnership with Atato, a licensed digital asset custodian offering that provides corporates and institutions with multi-party computation (MPC) custodial solutions. This collaboration will empower Atato to deliver more innovative, secure, and compliant crypto custody solutions.
We are very pleased to announce that Merkle Science has closed an extension of over $19 million to its Series A round, bringing the total raised to over $24 million. Funding was provided by some of the industry’s top investors, who recognize that Web3-ready risk mitigation, compliance, and forensics solutions will play a fundamental role in the growth of the decentralized economy.
New York— August 9, 2022 — Merkle Science, the predictive crypto risk and intelligence platform, announced an extension of more than $19 million to its Series A funding round, bringing the total raised to over $24 million. BECO Capital, Susquehanna affiliate (Darrow Holdings), and K3 Ventures co-led the extension, with participation from new investors including Republic Capital, Summer Capital, 500 StartUps APAC and US, Aspen Digital, HashKey Capital, and Coinhako. They were joined by existing investors Kraken Ventures, Digital Currency Group (DCG), Kenetic, Uncorrelated Ventures, Fenbushi Capital, Lucy Gazmararian of Token Bay Capital, and Libertus Capital.
NEW YORK - 14 June, 2022: The HBAR Foundation and Merkle Science, the predictive crypto risk and intelligence platform, have today announced their partnership. This collaboration supports Hedera’s journey to build the world's first mass adopted public decentralized ledger, empowering network participants to better identify and mitigate crypto crime, comply with local and global regulations and protect consumers.
SINGAPORE - 26 May 2022: Today, Merkle Science, the predictive crypto risk and intelligence platform, announced a landmark partnership with the leading payment gateway, RelayPay. This partnership showcases the companies’ commitment to building a compliant ecosystem as digital assets become a linchpin of the financial industry.
On May 9, 2022, the Federal Reserve released its semi-annual Financial Stability Report, which highlighted the run risks of stablecoins. The Federal Reserve asserted that rapid growth is one of the risk factors that make stablecoins more vulnerable to runs. According to the report, the aggregate value of stablecoins has increased rapidly over the past year, to more than $180 billion in March 2022. Amidst the rising use of stablecoins, the government agencies are concerned about the prudential risks associated with stablecoins including losing value or becoming illiquid in case of a market run.
On May 5, 2022, the Commodities Futures Trading Commission (CFTC) announced that the U.S. District Court for the Southern District of New York (SDNY) has issued a consent order against the co-founders of BitMEX, a crypto derivatives trading platform, Arthur Hayes, Benjamin Delo, and Samuel Reed.
Under the consent order, the three co-founders are required to pay a total of $30 million in civil monetary penalties for willfully violating the federal commodities regulations. The co-founders will pay $10 million apiece and are prevented from further violating Commodity Exchange Act (CEA) and other CFTC regulations.
On May 3, 2022, the Securities and Exchange Commission (SEC) announced that it is nearly doubling the Crypto Assets and Cyber Unit, bringing the headcount to a total of 50 positions. The SEC said that the 20 new additions include investigative staff attorneys, trial lawyers, and fraud analysts.
