Archives

November 13, 2023 @ 9:13 am By JD Alois  |  

This Wednesday (November 15, 2023), the House Subcommittee on Digital Assets and Financial Technology, part of the House Committee on Financial Servies, will hold a hearing on “Breaking Down the Illicit Activity in Digital Assets” – addressing the use of crypto to commit crimes, including… Read More

November 4, 2023 @ 2:10 pm By Omar Faridi  |  

On November 3, 2023, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Russian national Ekaterina Zhdanova for using cryptocurrency “to launder money on behalf of Russian elites, ransomware groups, and other bad actors.” Chainalysis has examined the three Bitcoin… Read More

October 24, 2023 @ 11:18 pm By Omar Faridi  |  

North America is the largest cryptocurrency market, according to Chainalysis. Chainalysis reveals hat the region has “an estimated $1.2 trillion in value received on-chain between July 2022 and June 2023.” That total now “represents 24.4% of global transaction activity during the time period studied.” Most… Read More

October 8, 2023 @ 6:16 pm By Omar Faridi  |  

Hong Kong sees a larger share of transaction volume “coming in large institutional transactions of $10 million or more compared to other countries in the region — notably mainland China,” according to an update from Chainalysis. On the other end of the spectrum is South… Read More

September 23, 2023 @ 10:42 am By Omar Faridi  |  

Roger M. Brown,  the Global Head of Tax Strategy at Chainalysis, notes that on August 25, 2023, the U.S. Internal Revenue Service released proposed regulations that would require domestic and foreign exchanges and other types of “brokers” who “effect sales” of digital assets to (1) collect… Read More

August 28, 2023 @ 6:02 pm By Omar Faridi  |  

Many investors are eager to embrace cryptocurrency, but don’t feel they “have the data to do so safely,” according to an update from Chainalysis. With traditional assets, there are established providers “for a variety of metrics that investors can use to assess opportunity and risk:… Read More

July 29, 2023 @ 12:23 pm By Omar Faridi  |  

Deloitte and Chainalysis, the blockchain data platform, announced a new strategic alliance to help the organizations’ mutual clients address digital asset ecosystem compliance challenges. Through the alliance, Chainalysis’ and Deloitte’s shared clients will be able “to leverage Chainalysis’ proprietary blockchain dataset and analytics software and… Read More

July 18, 2023 @ 10:13 pm By Omar Faridi  |  

On July 13, 2023, the crypto and blockchain industry got “good news” when Judge Analisa Torres of the U.S. District Court for the Southern District of New York ruled that Ripple did “not violate securities law in selling its token (XRP) via public exchanges,” the… Read More

July 13, 2023 @ 7:46 am By Omar Faridi  |  

2023 so far has been a year of “recovery” for cryptocurrency after a chaotic 2022, with prices of digital assets like Bitcoin up over 80% on the year as of June 30, the team at Chainalysis noted. And that’s not the only “good news” for… Read More

June 3, 2023 @ 9:53 pm By Omar Faridi  |  

Chainalysis is announcing that their firm has acquired Transpose, a blockchain data and infrastructure company that makes building applications using web3 data fast and simple. Transpose customers are able “to build snappy user experiences, power wallet applications, analyze financial activity, fulfill tax and compliance requirements,… Read More

April 15, 2023 @ 9:23 am By Omar Faridi  |  

The Calgary Police Service and Chainalysis are together launching the Western Canada Cryptocurrency Investigations Centre, an innovative regional center that will enable law enforcement to tackle crime that takes place using blockchain technology. By bringing together law enforcement agencies and personnel from across Western Canada… Read More

November 19, 2022 @ 7:07 pm By Omar Faridi  |  

The blowup of FTX and resulting market tumult has many in cryptocurrency citing the importance of “a core, original tenet of blockchain technology: transparency,” according to an update from Chainalysis. Chainalysis claims that “no other sector of the crypto ecosystem “embodies transparency more than DeFi,… Read More

October 10, 2022 @ 4:03 pm By Omar Faridi  |  

Chainalysis, the blockchain data platform, announced that it has joined the National Cyber-Forensics and Training Alliance (NCFTA), a nonprofit corporation focused on “identifying, validating, mitigating, and neutralizing cyber-crime threats.” Chainalysis’ data platform “equips the alliance with the same investigative tools that have been used to… Read More

September 19, 2022 @ 8:32 pm By Omar Faridi  |  

Chainalysis has shared their 2022 Global Crypto Adoption Index Report. For the third consecutive year, Chainalysis ranked all countries “by grassroots cryptocurrency adoption. While commenting on what is grassroots adoption of cryptocurrency, Chainalysis explained that they could easily rank countries by “raw” cryptocurrency transaction volume,… Read More

July 31, 2022 @ 2:44 pm By Omar Faridi  |  

Chainalysis has an established history of supporting U.S. government agencies. They’ve helped on cases “involving terrorism financing campaigns, child abuse material, darknet markets, ransomware gangs, North Korean hacking and more, leading to the seizure of billions of dollars worth of cryptocurrencies.” These successes demonstrate “the… Read More

July 15, 2022 @ 10:15 am By JD Alois  |  

  Mixer usage, platforms that enable crypto holders to scrub their digital assets in an attempt to cover their tracks, is at an all-time high, according to a report posted by Chainalysis. As most blockchain transactions are publicly available, sophisticated observers can trace every transaction…. Read More

July 6, 2022 @ 6:18 pm By Omar Faridi  |  

Cellebrite DI Ltd. (NASDAQ: CLBT), which claims to be a leader in Digital Intelligence (DI) solutions for the public and private sectors, and Chainalysis, the blockchain data platform, have launched a partnership to “enable customers to easily identify and assess criminal activity involving cryptocurrency during… Read More

May 12, 2022 @ 9:43 am By JD Alois  |  

Chainalysis, a top crypto asset intelligence and data firm, has raised a $170 million Series F at a huge $8.6 billion. Chainalysis’ valuation has doubled in just one year. The funding was led by GIC, Singapore’s sovereign wealth fund with prior investors Accel, Blackstone, Dragoneer,… Read More

March 14, 2022 @ 6:22 pm By JD Alois  |  

Chainalysis, a leading blockchain/crypto monitoring and data platform used by both private and public entities, shared last week that they are building tools that “make it easier for any organization to integrate sanctions screening for cryptocurrencies into their existing operation.” As has been previously reported,… Read More

March 10, 2022 @ 5:53 pm By Tony Zerucha  |  

Chainalysis, a blockchain data platform, today announced the accelerated launch of two sanctions screening tools – an on-chain oracle available today and an API expected to launch next month – for the cryptocurrency industry free of charge. As countries around the world continue to leverage economic sanctions… Read More