Tagged: chainalysis

July 19, 2019 @ 7:27 am By Cali Haan  |  

About two years ago, crypto-forensics startup Chainalysis figured out it that its software could be adapted to help banks and cryptocurrency exchanges comply with anti-money laundering requirements, and Forbes believes the company is set to become a unicorn as a result. “We’re now helping banks… Read More

June 27, 2019 @ 1:42 am By Cali Haan  |  

Blockchain forensics firm Chainalysis, which recently expanded into providing KYC/AML support services to cryptocurrency businesses, has added another member to its powerful compliance team. According to a company release, Michael Mosier, former high-ranking employee at the Department of Justice (DOJ), the Office of Foreign Assets Control… Read More

June 6, 2019 @ 10:58 am By JD Alois  |  

Crypto forensics firm Chainalysis has partnered with Lendingblock, the institutional lending exchange for digital assets. Chainalysis will provide AML/KYC technology to Lendingblock. Lendingblock allows hedge funds, exchanges, asset managers, etc. to find liquidity and facilitate strategies, in the digital asset sector. Lendingblock is regulated by… Read More

April 28, 2019 @ 6:07 pm By Cali Haan  |  

Israeli civic-defence groups have been sounding the alarm since January that the militant Palestinian-liberation organization Hamas has started raising funds via Bitcoin. And while donations of Bitcoins to Hamas so far pale in comparison to the millions of dollars Hamas is believed to receive from… Read More

April 26, 2019 @ 11:33 am By Cali Haan  |  

Chainalysis, an American company at the forefront of cryptoforensics (cryptocurrency transaction investigation), says it has added tracking of four “stable coins” to the suite of coins its “KYT” software can monitor. Chainalysis says its KYT (Know Your Transaction) software has already been being used by,… Read More

April 16, 2019 @ 11:00 pm By JD Alois  |  

Mitsubishi UFJ Financial Group (MUFG), via MUFG Innovation Partners (MUIP), has invested in Chainalysis – a provider of cryptocurrency compliance solutions. MUIP invested $6 million into Chainanalysis as part of a $36 million Series B funding round. The Series B was announced in February. Mitsubishi… Read More

March 11, 2019 @ 9:17 pm By Cali Haan  |  

CipherTrace, a “blockchain forensics” firm that provides law enforcement and other clients with real-world data on cryptocurrency transactions, has issued a statement assuring the public that it does not sell data it obtains during the course of business to any third parties. The statement comes… Read More

March 10, 2019 @ 11:17 am By Cali Haan  |  

Blockchain forensics firm Chainalysis has blogged to address possible concerns that its services could be being used to violate crypto users’ privacy. The company’s statement comes after controversy erupted last week when it was revealed that Coinbase, a large American crypto trading platform, had acquired… Read More

March 8, 2019 @ 7:49 pm By Cali Haan  |  

Expert panelists have informed the UN Security Council’s North Korea Sanctions Committee that the tiny country has been hacking global cryptocurrency trading platforms to obtain capital, Nikkei Asian Review reports. This is the first time the panel has addressed the UN Security Council regarding cyberattacks… Read More

February 2, 2019 @ 11:14 am By Cali Haan  |  

In its latest “Crypto Crime Report,” blockchain forensics firm Chainalysis says that two groups are responsible for 60% of hacks on cryptocurrency exchanges, the most lucrative types of crypto hacks by far: “Hacking dwarfs all other forms of crypto crime, and it is dominated by… Read More

January 25, 2019 @ 1:04 am By Cali Haan  |  

Many have seen ads on social media from fake accounts of “celebrities” asking followers to send Ethereum cryptocurrency and receive much more back. According to Blockchain forensics” firm Chainalysis, these scams were much more profitable last year. In 2018, ETH-scam pervaders boosted their profits from… Read More

January 24, 2019 @ 1:14 am By Cali Haan  |  

Bitfury, one of the world’s largest “blockchain” companies (they manufacture cryptocurrency miners, run “cryptomining pools” and generate software) has appointed a new CEO to run its blockchain forensics leg Crystal, according to a company release. Marina Khaustova, reportedly the former chief marketing officer and  co-founder of a digital token… Read More

January 20, 2019 @ 10:00 am By Cali Haan  |  

An average of $2 million USD in Bitcoins per day is still flowing into Dark Net markets, despite an 80% price slump and the mid-2017 shuttering of Alpha Bay and Hansa, two popular Dark marketplaces, Reuters reports. Reuters says that flow represents a doubling of… Read More

November 24, 2018 @ 12:51 pm By Cali Haan  |  

Despite Bitcoin having achieved some of the price stability advocates have long said would facilitate its adoption at the retail level, the retail use of Bitcoin declined 80% in 2018, says blockchain analysis firm Chainalysis. Currently, many Bitcoin transactions are settled directly to the blockchain, meaning… Read More

October 18, 2018 @ 3:16 am By Erin Hobey  |  

Chainalysis, a cryptocurrency compliance and investigation solutions provider, has completed a global roll-out of its compliance solution with Binance, the world’s largest cryptocurrency exchange by trade volume, to help address the challenges at the intersection of cryptocurrencies, regulators and traditional financial institutions. “Cryptocurrency businesses of… Read More

September 26, 2018 @ 8:26 pm By Cali Haan  |  

Government agencies in the US have more than tripled the amount of money they are allotting to private firms doing forensics on blockchains like Bitcoin, says weekly newsletter for institutions, diar. The biggest spender by far is the Internal Revenue Service (IRS), which is “accounting… Read More