Cryptocurrency Analysis and News Portal
A major global company that helps fight illicit cryptocurrency-related activity does not think that privacy in crypto markets is necessarily bad.Despite representing one of the primary sources of crypto transaction data for federal agencies like the Internal Revenue Service and the FBI, Chainalysis does not exactly oppose the privacy
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Chainalysis is rolling out a global compliance solution for Tether (USDT), a Feb. 12 press release announced. The stablecoin’s issuer is now able to identify “high risk” transactions occurring on its network. The tracking is made possible by Chainalysis’ Know Your Transaction (KYT) suite, which allows token issuers to monitor
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Stablecoin issuer Tether is partnering with blockchain forensics firm Chainalysis to bolster its anti-money laundering tools.The companies announced Wednesday that Tether would apply Chainalysis' "Know Your Transaction" tool for token issuers, allowing the stablecoin firm to monitor activity and "quickly understand the risk profile of each token holder," according to
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It started with a $9,000 data software contract for the FBI in 2015.But just five years later, Chainalysis is now the cryptocurrency-tracing equivalent of Palantir, the data analytics company flush with lucrative government software contracts. Chainalysis is, right now, doing millions of dollars worth of business each year with the
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Greater regulations and enforcement can deter some crypto crimes, blockchain forensics provider Chainalysis said in a new report.Chainalysis’ 2019 Crime Report, published Wednesday, details its analysis of illicit activities last year, contrasting 2019 actions with previous years. It found that while the amount of bitcoin sent from criminal entities doubled
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After a brief overnight recovery, bitcoin is getting battered along with the rest of the sector, but how much lower can we go? It's CoinDesk's Markets Daily. Source
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The slide began at 18:28 UTC on Monday. In just seven minutes, bitcoin slipped 4 percent, to $6,800 from $7,085 according to data from Coinbase. In that time, ether took a bigger hit, dropping 7 percent from $140 to $130. Neither had seen such lows since Nov. 25, when the
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New York-based blockchain analytics firm Chainalysis is set to provide crypto exchange Bitfinex with its Anti-Money Laundering compliance solution.In a press release published on Dec. 12, both firms took pains to stress that the solution will be privacy-safe, but help Bitfinex to crack down on bad actors using its
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Chainalysis’ chief economist sits down with Daniel Kuhn to talk about how to bring crypto out of the cybercrime ghetto. Source
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Blockchain analytics firm Chainalysis is reportedly letting go of 39 of its employees in order to become more profitable.On Nov. 21, Coindesk reported that Chainalysis is cutting its workforce by nearly 20%, eliminating positions across the board to the tune of 39 employees laid off. According to Maddie Kennedy,
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