Tagged: chainalysis

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

August 8, 2022 @ 3:13 pm By JD Alois  |  

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has targeted another crypto mixer by sanctioning Tornado Cash. Most recently, in May, OFAC sanctioned Blender.io, a mixer that is said to be utilized by North Korea  for its “malicious cyber activities and… 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

June 21, 2022 @ 1:24 pm By Omar Faridi  |  

Nearly all crypto tokens fall into one of two categories: Layer 1s and Layer 2s, according to an update from Chainalysis. Chainalysis writes in a report that Layer 1s are tokens “with their own blockchains, while Layer 2s are built on top of Layer 1… 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

May 10, 2022 @ 5:04 pm By Omar Faridi  |  

Non-fungible tokens (NFTs) have been one of the “most dynamic” and “prominent” parts of Web3 over the last two years, according to an update from Chainalysis. NFTs are blockchain-powered digital items whose units are “designed to be unique, unlike traditional cryptocurrencies whose units are meant… Read More

March 24, 2022 @ 9:43 pm By Omar Faridi  |  

Chainalysis, the blockchain data platform, has announced a partnership with Cross River, a tech-driven financial services organization that offers core infrastructure and embedded financial solutions. Cross River is well-known for offering financial services to the Fintech and crypto sectors and will utilize Chainalysis tools “to… 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

February 22, 2022 @ 10:48 pm By Tony Zerucha  |  

Police in India have arrested 11 people related to a cryptocurrency scam which has so far seen $5.4 million stolen from around 2,000 investors. Seven of those people arrested were taken in Sunday in Maharashtra’s Nagpur. The alleged ringleader is Nishid Wasnik, who was arrested… Read More

February 4, 2022 @ 3:20 pm By Martin Cheek  |  

The role that cryptocurrency plays in money laundering is hotly debated. Some say that the anonymity afforded by currencies like Bitcoin makes it easier for criminals to shift funds undetected, while others argue that the blockchain and it’s unchangeable, publicly visible ledger actually provide far… 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 5, 2021 @ 6:44 pm By JD Alois  |  

It was a tough couple of weeks for Celsius Network. Celsius is a neobank platform that touts its ability to generate returns on parked crypto. Currently, Celsius is promoting potential returns of over 17%. As was widely rumored, Celsius Network was impacted by the Badger… Read More