Sumsub, a global tech company that provides customizable KYC, KYB, AML, and transaction monitoring solutions, has launched a Travel Rule solution for the crypto industry, offering a full compliance toolkit across the entire customer lifecycle, said a press release. "This includes secure Travel Rule information transfers between virtual asset service providers (VASPs), all the necessary KYC checks, AML screening and verification orchestration according to regulatory specifics and business needs," it explained.

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Bitcoin price is down today after Silvergate bank liquidity concerns combine with an exchange margin cascade, pressuring crypto markets.

The Bitcoin price is down today as cryptocurrency markets react to fresh FTX fallout and BTC bulls fail to defend already weak support.

Bitcoin

BTC

$22,374

fell 5% in a single hour overnight into March 3, dropping to its lowest levels in over two weeks, data from Cointelegraph Markets Pro and TradingView shows.

Analysts continue to see how the move will play out after BTC/USD preserved $22,000 as support. Some are calling for calm, while others believe that Bitcoin is still due a deeper retracement.

Cointelegraph takes a look at three major factors currently dictating crypto market trends.

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