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Only 3.5 million bitcoin or 19% of total circulating supply is actively traded throughout the world, while the rest is being held long-term by investors, according to a new report by crypto analytics company Chainalysis.Per the report, nearly 18.6 million bitcoin (BTC) has been mined as of June 2020.
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Reading Time: 2 minutes by Ash T on June 19, 2020 Bitcoin A new report by blockchain analysis firm Chainalysis posits that only about 19% of all mined Bitcoin (BTC) – approximately 3.5 million BTC – moves frequently between crypto exchanges that is used for trading. Bitcoin Investors Eyeing Long-Term Gains Blockchain analysis company Chainalysis
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[sociallocker id="55298"] The IDG-backed KuCoin crypto exchange platform has announced its partnership with blockchain analysis company Chainalysis to further enhance the platform’s compliance and security. The partnership is part of KuCoin’s commitment towards promoting compliance-first business practices in the crypto industry as it will be integrating the Chainalysis KYT (Know-Your-Transaction)
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Blockchain intelligence firm Chainalysis has dismissed claims ISIS is holding a $300 million bitcoin (BTC) war chest.In a “fact-checking” report, published on May 20, 2020, the U.S. company accused the media of sensationalizing allegations about BTC and other cryptocurrencies being used to fund terror groups.Most terrorism financing campaigns
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Crypto sleuthing firm Elliptic has expanded its scope to cover some 97% of digital assets by trading volume – the broadest range of any crime-fighting blockchain analytics service, the company said.Announced Wednesday, Elliptic Navigator adds 87 new crypto assets to the firm’s existing purview.That said, touting just the number of
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New York-based blockchain intelligence firm Chainalysis has launched a new initiative to shed more light on the scope of its latest cryptocurrency crime analyses. Published on May 4, three installments of the firm’s new Crypto Crime Intelligence Briefs provide insights into the mechanisms and routes being used for illicit transactions in
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Chainalysis announced the extension of its cooperation with South Korean crypto exchange Upbit today, aiming to provide blockchain analysis support across the Asia-Pacific region (APAC).According to the announcement, Upbit APAC will start using Chainalysis KYT (Know-Your-Transaction) to provide a safe trading environment and comply with the established procedures in the
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On March 10, major South Korean cryptocurrency exchange Bithumb announced it has partnered with crypto forensics firm Chainanylsis following the passing of new Korean crypto regulations.Bithumb will employ Chainalysis’s “Reactor” investigations tool to examine suspicious activity on its platform in a bid to comply with Korea’s recently amended Special
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Cryptocurrency exchange Bithumb is clamping down on suspicious transactions less than a week after South Korea, its home country, moved to enact tough new laws for the virtual asset space.Bithumb announced Tuesday it had deployed Chainalysis’ “Reactor” investigations tool to get ahead of illicit activity. Reactor, used in many cryptocurrency
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Amid a tightening regulatory scene in crypto, blockchain analytics firm Chainalysis has joined up with digital asset exchange CoinField.CoinField plans to use Chainalysis technology to help with its Anti-Money Laundering, or AML, practices, Chainalysis announced on Feb. 20.Crypto leaves the Wild West behindMedia outlets have drawn correlations between the
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