Tagged: chainalysis

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

November 16, 2021 @ 7:24 am By Omar Faridi  |  

On November 14th, 2021, block height 709,632, Bitcoin’s (BTC) Taproot upgrade was activated. This critical update brings with it several important enhancements to the overall flexibility, security, and efficiency of BTC transfers. And as Bitcoin’s first protocol upgrade in more than 4 years, it’s a… Read More

November 1, 2021 @ 10:24 am By Omar Faridi  |  

The inherent transparency of blockchains or distributed ledger tech (DLT) networks makes crypto-related investigations a lot easier for law enforcement agencies, when compared to financial investigations involving fiat currency. Blockchains or DLT networks serve as a permanent, publicly viewable ledger of almost all crypto transfers,… Read More

October 20, 2021 @ 7:52 am By Omar Faridi  |  

Chainalysis, the blockchain data platform, announced that it is expanding its partnership with NYDIG, a Bitcoin tech and financial services company, in order to carry out a purchase of BTC for the firm’s balance sheet. NYDIG played a key role in supporting Chainalysis to acquire… Read More

October 6, 2021 @ 9:28 pm By Omar Faridi  |  

Blockchain analysis firm Chainalysis reveals that it’s acquiring Excygent, a specialized professional services company that helps government agencies with cybercrime investigations, data processing, and lead generation. Chainalysis has collaborated with the Excygent team in order to support government agencies in investigating various high-profile cyber cases,… Read More

October 4, 2021 @ 3:02 pm By Omar Faridi  |  

On Tuesday, September 21, 2021, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) had released an advisory on the sanctions risks associated with carrying out ransomware payments and the “proactive” steps firms may take to address these types of risks. This… Read More

September 13, 2021 @ 10:49 am By Omar Faridi  |  

Eastern Europe has one of the largest cryptocurrency economies in the world. A recent report reveals that it’s the third-ranked global region for “overall exposure to illicit activity.” Eastern Europe is the only world region with a total transaction volume of $400 million+ for which… Read More

August 12, 2021 @ 8:07 am By Omar Faridi  |  

The Poly Network attacker has been returning funds after managing to pull of the largest DeFi theft ever. On, August 10, 2021, an unidentified attacker had managed to steal around $612 million worth of virtual currency from cross-chain DeFi protocol Poly Network, making this the… Read More

August 11, 2021 @ 11:53 am By Omar Faridi  |  

Blockchain analysis firm Chainalysis is pleased to confirm that they now cover the world’s “premiere” memecoin: Dogecoin (DOGE). Once considered “nothing more than a light-hearted joke,” Dogecoin has become one of the “world’s most popular crypto assets, thanks in part to cheerleaders like Elon Musk… Read More

August 9, 2021 @ 11:26 am By Omar Faridi  |  

In April of last year, China had started testing out the the virtual yuan, becoming one of the first world governments to issue a Central Bank Digital Currency (CBDC). CBDCs like the virtual renminbi are government-issued, blockchain or distributed ledger tech (DLT)-enabled versions of a… Read More

August 5, 2021 @ 10:21 am By JD Alois  |  

BitMEX, a crypto exchange known for active trading and derivatives, has noted in a blog post that Chainalsyis has removed it from its “High Risk Assesment” qualification. In the fall of 2020, Chainalsysis labeled Bitmex a High-Risk exchange following the announcement that the US Department… Read More

July 31, 2021 @ 2:29 pm By Omar Faridi  |  

Blockchain analysis firm Chainalysis has added advanced investigation and compliance support for six more widely-used ERC-20 tokens. All six crypto tokens are decentralized finance or DeFi related and five of them “specifically belong to top DeFi protocols,” the blockchain firm noted in a recent update…. Read More

July 25, 2021 @ 2:04 pm By Omar Faridi  |  

Compliant crypto firms realize or know what it takes to keep their platforms safe: They have to carry out KYC checks on clients, monitor transactions for counterparty risk, and submit suspicious activity reports or SARs when they see suspicious activity, Chainalysis notes in a blog… Read More

July 17, 2021 @ 4:26 pm By Omar Faridi  |  

Leading blockchain analysis firm Chainalysis has released an update titled, “Not All Blockchain Analysis Providers Are the Same and Other Insights from FATF’s Second 12-Month Review.” The Financial Action Task Force (FATF) is the inter-governmental entity that’s responsible for establishing international standards relating to anti-money… Read More

July 8, 2021 @ 10:20 pm By Tony Zerucha  |  

Decision-makers in the United States are warming to cryptocurrency for a variety of reasons, including self-interest, GlobalBlock sales trader Alexandra Clark said recently. Senator Cynthia Lummis has encouraged people to buy and hold bitcoin in their portfolios as the billions of dollars in stimulus cannot… Read More

July 8, 2021 @ 10:03 am By Omar Faridi  |  

Israel’s National Bureau for Counter Terror Financing (NBCTF) has shared information on the “seizure” of virtual currency held by several different crypto wallets that are believed to be associated with donation campaigns “carried out by Hamas.” As noted in a report from Chainalysis, the seizure… Read More

July 3, 2021 @ 10:44 am By Omar Faridi  |  

Cryptocurrency adoption has grown considerably during the past year, however, many people still may not yet fully understand how diverse this space really is as an “asset class,” according to a new report from Chainalysis. The team at Chainalysis, a leading blockchain analysis firm, notes… Read More

July 1, 2021 @ 9:27 pm By Omar Faridi  |  

Chainalysis, the leading blockchain data platform, reveals that it has introduced three subscription options to Market Intel, which is described as a data-driven product that offers key insights into virtual currency markets. Developed on Chainalysis’ “trusted” and proprietary data platform, financial institutions are able to… Read More

June 25, 2021 @ 1:22 pm By JD Alois  |  

The Metropolitan Police have seized £114 million in crypto – said to be the largest seizure in the UK and perhaps the largest globally. According to a statement by authorities, the seizure was carried out by detectives from the Met’s Economic Crime Command on the… Read More

June 25, 2021 @ 9:36 am By Omar Faridi  |  

The team at Chainalysis, a leading blockchain analysis firm, is pleased to confirm that they’ve acquired $100 million in capital via a Series E round that was led by Coatue, bringing the company’s valuation to $4.2 billion. Previous investors Benchmark, Accel, Addition, Dragoneer, Durable Capital… Read More