Tagged: chainalysis

November 13, 2020 @ 8:54 am By Omar Faridi  |  

Chainalysis, a leading blockchain analysis firm, has introduced an asset realization program to assist government departments and insolvency practitioners with handling, storing, “realizing,” and monitoring seized assets. As mentioned in a blog post by Chainalysis, this announcement has come soon after the largest ever seizure… Read More

November 1, 2020 @ 4:24 pm By Omar Faridi  |  

Blockchain analysis firm Chainalysis confirms that decentralized finance (DeFi) is growing at “warp speed,” however, regulatory guidelines and compliance requirements still remain unclear. The Chainalysis team states in a blog post that DeFi’s explosive growth has been one of cryptocurrency’s “biggest stories” of 2020. The… Read More

October 14, 2020 @ 9:41 am By Omar Faridi  |  

Chainalysis, a leading blockchain analysis firm, has revealed that it managed to grow its revenue 100% year-over-year. The New York-based firm says it’s now preparing for an expected surge in private sector business. Chainalysis claims that it has managed to grow its customer base by… Read More

October 10, 2020 @ 3:03 pm By Omar Faridi  |  

Blockchain analysis firm Chainalysis notes that its Reactor tools lets researchers and investigators track and analyze the movement of virtual currencies between different crypto addresses. The Reactor tool is also used to identify transactions that may involve stolen or otherwise illicit digital currency. Cybercriminals might… Read More

September 28, 2020 @ 11:53 am By Omar Faridi  |  

Chainalysis, a leading blockchain analysis firm, has revealed that it will establish two new offices in Singapore and Tokyo. The company stated that it remains focused on fully supporting local crypto and blockchain companies. It’s also helping government agencies and traditional financial institutions with monitoring… Read More

September 23, 2020 @ 11:34 pm By Omar Faridi  |  

The Financial Action Task Force (FATF) recently published a document for regulatory authorities and enforcement agencies. The FATF listed several different “red flags” in cryptocurrency transfers and service user profiles that may indicate that the entities involved in the transactions are engaging in money laundering,… Read More

September 21, 2020 @ 11:28 am By Omar Faridi  |  

Chainalysis, the leading blockchain analysis firm, has teamed up with the State of Wyoming’s Division of Banking, the banking regulator that’s tasked with the chartering and supervision of Wyoming state banks, trust companies, mortgage firms, money transmitters and other non-bank financial service providers. The State… Read More

September 18, 2020 @ 6:34 am By Omar Faridi  |  

Eastern Europe has the fourth-largest cryptocurrency market in terms of total transaction volume, according to Chainalysis’ research. Ukraine and Russia, which are also part of the Eastern European region, have been ranked quite high on Chainalysis’ Global Crypto Adoption Index. It takes into consideration a… Read More

September 17, 2020 @ 8:09 pm By Omar Faridi  |  

Cryptocurrency and blockchain technology adoption continues to rise, with banks, institutional investors, and everyday consumers now using these platforms to engage in everyday transactions or to implement various business use cases. According to Chainalysis, the “patterns of cryptocurrency usage” vary widely across the globe. The… Read More

September 9, 2020 @ 8:06 am By Omar Faridi  |  

Cryptocurrency adoption has been growing steadily across the globe, according to Chainalysis’ Global Crypto Adoption Index. As mentioned in a report from the blockchain security firm, the majority of cryptocurrency volume reflects trading and speculation that was conducted by professional or institutional investors that were… Read More

August 27, 2020 @ 10:00 pm By Omar Faridi  |  

Venezuela is experiencing one of the worst economic crises in history. The South American country’s national currency, the Bolivar, has become practically worthless due to extremely high levels of hyperinflation (about 10,000,000% during 2019). Venezuela’s residents are also suffering due to serious socioeconomic challenges, as… Read More

August 24, 2020 @ 10:38 pm By Samantha Hurst  |  

  Blockchain security and analytics firm Chainalysis announced on Monday it has formed partnerships with Australia-based payments provider Assembly Payments and cryptocurrency exchanges CoinSpot and CoinJar to improve compliance standards. Chainalysis reported that CoinSpot and CoinJar will use Chainalysis KYT (Know Your Transaction) and Chainalysis… Read More

August 21, 2020 @ 6:51 pm By Omar Faridi  |  

Blockchain security firm Chainalysis reports that East Asia is home to the world’s largest cryptocurrency market. It reportedly accounted for more than 30% of all digital currency transactions during the past year. As mentioned in Chainalysis’ latest report: “East Asia-based addresses have received $107 billion… Read More

August 7, 2020 @ 7:14 pm By Omar Faridi  |  

North America is reportedly the third-most active region in terms of the total cryptocurrency volume moved or transferred on-chain, right behind Western Europe and East Asia. According to a Chainalysis blockchain and digital asset market report: “Overall, North America-based [cryptocurrency] addresses accounted for 14.8% of… Read More

July 28, 2020 @ 11:18 pm By Omar Faridi  |  

Leading blockchain analysis firm, Chainalysis, which recently secured $49 million in capital through a Series B round, announced on July 27, 2020, that it has launched Market Intel, its newly designed website for asset managers and regulatory agencies. The new site may be used to… Read More

July 7, 2020 @ 12:59 pm By Samantha Hurst  |  

Blockchain security and analytics firm Chainalysis announced on Tuesday it raised an additional $13 million to expand its Series B round to $49 million with an investment from Ribbit Capital and Sound Ventures.  Founded in 2014, Chainalysis claims it offers cryptocurrency investigation and compliance solutions to global law enforcement… Read More

June 28, 2020 @ 3:18 pm By Omar Faridi  |  

Paxful, a leading and fast-growing peer to peer (P2P) Bitcoin marketplace, recently overtook  LocalBitcoins in weekly global BTC trading volume. Paxful users reportedly traded almost $39.8 million worth of Bitcoin (globally) during the week that ended June 6, 2020. Meanwhile, LocalBitcoins reported around $39.5 million… Read More

June 21, 2020 @ 12:23 pm By Omar Faridi  |  

  Blockchain analysis is quite useful when conducting investigations into cryptocurrency-related transactions. It has also become essential when determining whether digital asset service providers are complying with application regulatory and compliance guidelines. Blockchain security and analysis firm Chainalysis says that it uses special software tools… Read More

June 1, 2020 @ 5:13 pm By Omar Faridi  |  

Zebpay, a digital currency wallet and exchange provider that began its relaunch in India earlier this year, will be working with blockchain security and analysis firm Chainalysis to monitor crypto-asset transactions performed across its platforms for Indian consumers. Chainalysis had already been providing its Know… Read More

April 26, 2020 @ 10:32 pm By Samantha Hurst  |  

Korean cryptocurrency trading platform Upbit has reportedly expanded its partnership with Chainalysis, a blockchain analysis company, to provide support across the broader Asia Pacific (APAC) region. According to the duo, Upbit APAC will also use Chainalysis KYT (Know Your Transaction) to ensure safe, secure trading experiences… Read More