Cryptocurrency Analysis and News Portal
Cross-chain bridges have been the target of more than a few hacks this year, but new data from blockchain analytics provider Elliptic alleges one has been used to launder over half a billion dollars in ill-gotten crypto assets. According to an Aug. 10 report, crypto bridge RenBridge has facilitated the laundering of
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As the Russia-Ukraine conflict continues, blockchain surveillance companies have discussed and implemented ways to combat sanctioned countries from using digital assets. Last week, Chainalysis revealed screening tools for crypto firms that aim to comply with international sanctions. On Monday, the CEO of Elliptic published a blog post describing the company’s
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Bitcoin donations to Ukrainian NGOs and volunteer groups rose tenfold during 2021, the crypto analytics company said. Original Source
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“What we already provide for some of the larger crypto exchanges is the behavioral side. So looking at when Entity A sends money to Entity B via Entity C,” Dickinson explained in an interview. “Elliptic then gives us the ability to say this entity, if you follow up or down
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On Monday, the blockchain intelligence firm Elliptic announced the company has raised $60 million in a Series C financing round. Elliptic plans to leverage the capital to expand the team and “accelerate” blockchain research and development (R&D). Elliptic Raises $60 Million to Bolster Expansion There’s been a number of capital investments and
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Cryptocurrency risk management firm Elliptic has announced a $60 million Series C funding round led by Evolution Equity Partners and supported by a panoply of venture capital firms including SoftBank Vision Fund 2, as well as existing investors AlbionVC, Digital Currency Group, Wells Fargo Strategic Capital and SBI Group, amongst
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Elliptic, which helps track transactions on blockchains, has raised $60 million in a Series C funding round led by Evolution Equity Partners. The money will be used for research and development (R&D) and international growth.The funding will also help with expansion of Elliptic’s team, especially in the U.S.London-based Elliptic said
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The U.S. Treasury Department’s proposed rules which would require users to comply with KYC requirements if they seek to send their crypto to a private wallet could end up being ineffective, according to blockchain analytics firm Elliptic. In its published response to the rule, Elliptic said that the rules could “adversely
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FinTech company CoolBitX may have a solution for countries that have not yet complied with the Financial Action Task Force’s “travel rule”. According to a statement from CoolBitX shared with Cryptox on July 21, the blockchain security company announced it would be partnering with cryptocurrency forensics firm Elliptic to address anti-money
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Transaction data associated with crypto wallets used in the infamous Twitter hack suggests that out of the total of $123,000 worth of bitcoin (BTC), about 22% (approx. 2.89 BTC) was sent to an address, that blockchain analysis firm Elliptic believes is a Wasabi wallet. Hackers Using Wasabi Wallet to Erase Digital
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