Archives

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

February 24, 2022 @ 3:03 pm By Tony Zerucha  |  

Chainalysis, a blockchain data platform, today announced BNY Mellon, the world’s largest asset servicer, will be the first global systemically important bank to utilize its compliance software as part of their risk management program. This integration will form a component of BNY Mellon’s strategy to develop… Read More

February 24, 2022 @ 8:28 am By Omar Faridi  |  

One positive development during the past year has been law enforcement’s “growing” ability to seize virtual currency from criminals, according to an extensive update from Chainalysis. The US Department of Justice (DOJ) seized $2.3 million in crypto from the DarkSide ransomware operators who were allegedly… Read More

January 6, 2022 @ 4:42 pm By Tony Zerucha  |  

While cryptocurrency-based crime reached historical highs in 2021, it pales in comparison to overall adoption increases, a draft of Chainalysis’ 2022 Crypto Crime Report shows. Addresses identified as illicit by Chainalysis received $14 billion in 2021, nearly double the $7.8 billion seen in 2020. There… Read More

December 29, 2021 @ 6:04 am By Omar Faridi  |  

Chainalysis reveals that scams were once again the largest form of cryptocurrency-based crime by “transaction volume,” with more than $7.7 billion worth of crypto taken from unsuspecting victims globally. As noted by Chainalysis, that represents an increase of 81% compared to last year, a year… Read More

December 13, 2021 @ 7:49 pm By JD Alois  |  

Robinhood (NASDAQ:HOOD) has enlisted the assistance of top digital asset compliance firm Chainalysis in advance of wide release of its digital wallet. According to a statement by Chainalysis, Robinhood will be using its Know Your Transaction (KYT) and Reactor software for compliance management. Robinhood already… Read More

December 12, 2021 @ 1:56 pm By Omar Faridi  |  

Blockchain analysis firm Chainalysis recently announced product support for the Lightning Network (LN), which is a Layer-2 protocol built on the Bitcoin (BTC) blockchain that enables “faster, cheaper transactions.” With Lightning, small, recurring transactions that wouldn’t be economical to carry out on the blockchain due… Read More

December 2, 2021 @ 7:58 am By Omar Faridi  |  

Payments are faster and easier than ever before, the Chainalysis team writes in a blog post. As taps and texts continue to overtake cash and checks, they’re “increasingly digital, too,” the Chainalysis team adds while noting that thanks to the blockchain or distributed ledger tech… Read More