Tagged: elliptic

Crypto Launderers Now Have Blockchain Analytics Tool to Check If their Funds have Been Linked to Criminal Activity: Report

A blockchain analytics tool has reportedly been introduced on the dark web, enabling Bitcoin or BTC addresses to be checked for “links to criminal activity.” Known as Antinalysis, it allows cryptocurrency launderers to test or determine whether their funds will be “identified as proceeds of… Read More

Digital Asset Risk Management Platform Elliptic Chosen by Fintech Paysafe to Help Manage Crypto Exposure

Elliptic, a company focused on crypto-asset risk management, has been chosen by Paysafe, a specialized payments platform, for its Elliptic Lens solution. Paysafe is now able “to manage indirect exposure to cryptocurrency-related risks and bolster their cryptocurrency controls,” according to an update from Elliptic. Paysafe,… Read More

Crypto Financial Services Firm Matrixport Adopts Elliptic Lens to Screen Virtual Currency Wallets, Offer Safe Financial Environment

Crypto financial services firm Matrixport reports that it has adopted Elliptic Lens in order to screen virtual currency wallets and offer a safer financial environment for their clients. As noted in a blog post by Elliptic, Matrixport aims to serve as a one-stop cryptocurrency financial… Read More

Crypto Risk Management Solution Provider Elliptic Completes Pilot with Santander on Detecting Suspicious Activity

Elliptic, the leader in crypto-asset risk management solutions, revealed on Tuesday (June 22, 2021) that it has completed a pilot with Banco Santander in identifying or detecting suspicious activity linked to digital assets. As mentioned in a release, this pilot is “helping Santander understand the… Read More

Blockchain Analytics Firm Elliptic Reveals it Followed Bitcoin Ransomware Paid by Colonial Pipeline

The team at blockchain analytics firm Elliptic revealed recently that they followed the Bitcoin (BTC) ransoms paid by Colonial Pipeline and other DarkSide ransomware victims. Dr. Tom Robinson, Co-founder and Chief Scientist at Elliptic, regularly discusses crypto forensics, investigations, compliance, and sanctions. Elliptic clients are… Read More

Digital Banking Fintech Revolut Integrates with Elliptic to Expand Cryptocurrency Offering

Digital bank Revolut, one of the fastest-growing Fintechs with over 15 million customers, revealed on May 11, 2021, that it has integrated with Elliptic, a provider of digital asset risk management and blockchain analytics software. This partnership should allow Revolut to expand its cryptocurrency offering…. Read More

Illicit Activities involving Bitcoin and other Cryptos May Now be Prevented with New Tech from Elliptic, CoolBitX

Earlier this year, the team at Elliptic, which works to assist with categorizing financial crime typologies while protecting legitimate crypto-asset users from illicit activities, had explained how proper and effective compliance can prevent (potential) money laundering activities using Bitcoin (BTC) or other digital currencies. Elliptic… Read More

Blockchain Security Company CoolBitX’s Sygna Bridge & Elliptic Releases API Solution to Facilitate Private Wallet Transaction Information Discovery

  CoolBitX, a Taiwan-based blockchain security company, announced on Wednesday its products, Synga Bridge and Elliptic, have released an API solution and service to facilitate private wallet transaction information. According to CoolBitX, the Wallet Address Filter API is fully operational and ready for use as… Read More

Elliptic and CoolBitX Partner on FATF Travel Rule Fix for VASPs – Sygna Bridge

CoolBitX and Elliptic have partnered to launch Sygna Bridge. a solution for virtual asset service providers (VASPs) to comply with the Financial Action Task Force (FATF) travel rule for crypto. CoolBitX is a blockchain security company. Elliptic is a crypto risk management firm. The collaboration… Read More

Wells Fargo Strategic Capital Joins Cryptocurrency Platform Elliptic’s Financing Round, Bringing Total Series B Investment to $28 Million

Elliptic, a  provider of cryptoasset risk management solutions, announced on Thursday Wells Fargo Strategic Capital (WFSC) has joined its Series B funding round, bringing the total amount raised to over $28 million.  The investment round’s participants also included SBI Group and Santander InnoVentures.  Founded in… Read More

Digital Asset Risk Management Firm Elliptic Launches Service to Warn Banks of Crypto Exposure

Elliptic, a crypto risk firm, has announced a service for traditional banks to help identify the flow of funds in and out of crypto. “Elliptic Discovery” is said to facilitate risk assessment for digital assets while covering 200+ exchanges and enabling banks to pursue new… Read More

Blockchain Network Zilliqa to Use Elliptic’s Risk Management Tools to Enhance Platform Infrastructure Security and Compliance

Zilliqa, a blockchain-based platform that aims to deliver high-throughput and high-security, has teamed up with Elliptic, a provider of digital asset risk management software for crypto firms and financial institutions. According to a press release shared with Crowdfund Insider, the partnership between Zilliqa and Elliptic… Read More

The European Fifth Anti-Money Laundering Directive Kicks in On January 10th

In the European Union, the fifth Anti-Money Laundering Directive (5AMLD) entered into force on 9 July 2018 but impacted firms have until January 10, 2020, to become compliant. Crypto companies, or virtual asset service providers (VASPs), will be expected to step things up and adhere… Read More

AML Compliance Firm Elliptic Launches XRP Monitoring Platform, Points to $400 Million in Nefarious Transactions

Elliptic, a provider of crypto-asset risk management solutions, has launched a monitoring system for XRP (Ripple) transactions. Simultaneously, Elliptic claims they have identified “$400 million of illicit activity” without naming perpetrators nor specifically what type of illegal transactions are taking place. Elliptic notes that this… Read More

Crypto Asset Risk Management Solution Platform Elliptic Secures $23 Million Through Series B Funding Round Led By SBI Group

Money Benjamin Dollars 100

Elliptic, a provider of crypto-asset risk management solutions for crypto businesses and financial institutions, announced on Wednesday it secured $23 million through its Series B funding round, which was led by SBI Group with participation from SignalFire, Octopus Ventures, and Santander Innoventures. Founded in 2013,… Read More

Steve Mnuchin’s Comments on Libra: “Bullish news for the future of cryptocurrencies”

US Secretary of Treasury Steven Mnuchin held a press conference yesterday in advance of Capitol Hill hearings this week addressing concerns surrounding Facebook’s stablecoin Lira. Mnuchin cautioned the audience that Facebook, and any other crypto creator, must adhere to the high standards of KYC and… Read More

Monero Developers Defend Their Cryptocurrency Against Allegations of Criminal Use

The development team behind the “privacy coin” Monero has taken exception to a Reuters report profiling the coin and highlighting its use by criminals. “For a story that ‘examines the features and characteristics of some of the alternatives to Bitcoin that have grabbed the attention… Read More

Wirex Strengthen Partnership With Elliptic to Prevent Cryptocurrency Fraud & Laundering

Wirex, a hybrid personal finance platform that merges blockchain tech and traditional finance, announced on Friday it has strengthened its partnership with cryptocurrency safety services Elliptic to reduce the risk of cryptocurrency fraud and money laundering. According to Wirex, the duo has been working together… Read More

Hamas Sophisticating Its Bitcoin Donations System

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

Alleged Bitcoin Launderer Accused of Handling Funds for Russian US Election Hackers Ends Lengthy Hunger Strike

Alexander Vinnik, a Russian citizen accused of laundering billions while allegedly running the BTC-e Bitcoin exchange in London, has ended his 80-day hunger strike, Urdu Point reports. Vinnik was detained in the summer of 2017 after being arrested while vacationing in Greece with his family…. Read More

Send this to a friend