Cryptocurrency Analysis and News Portal
A petition was created on Change.org on Sept. 12 to oppose the use of Chainalysis forensic services by federal agencies. The petition questioned Chainalysis’ accuracy and raised legal issues related to the activities of the blockchain data analysis firm. The petition, started by “Stop Chainalysis,” stated that Chainalysis’ software assists crime
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Blockchain technology has revolutionized the world of finance and digital transactions. With its decentralized, transparent, and secure architecture, it has become an essential component of the modern digital economy. However, as the popularity of cryptocurrencies and blockchain-based applications continues to rise, so does the need for effective tools to analyze,
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Blockchain forensics involves the analysis of blockchain data to investigate criminal activities such as fraud, money laundering and illicit transactions. Nonetheless, the methods employed in blockchain forensics can vary depending on the particular application and the type of data being evaluated because it is a complicated and rapidly developing
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Scalability problems have plagued Ethereum, the second-largest blockchain network in the world, for some time now. The proof-of-work model’s inability to scale demonstrates that blockchains implementing this consensus process are limited to transaction throughput rates of a single digit. It is evident to any developer who has attempted to create a
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Police in Winnipeg, the capital of the Canadian province of Manitoba, will be better prepared to deal with the use of cryptocurrency in cybercrime, thanks to $100,000 Canadian Dollars (CAD) in funding provided by the provincial government.Provincial Justice Minister Kevin Goertzen on Aug. 3 said the money from the Criminal
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Blockchain security and forensics firm Elliptic has been working with authorities to expose crypto wallets affiliated with sanctioned individuals or organizations.The United Kingdom-based company has discovered a wallet with “significant crypto-asset holdings” in the millions of dollars that may be linked to sanctioned Russian officials and oligarchs. Speaking to Bloomberg on
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The seizure by the U.S. Department of Justice of $3.6 billion worth of Bitcoin (BTC) lost during the 2016 hack of Bitfinex’s cryptocurrency exchange has all the ingredients of a Hollywood film — eye-popping sums, colorful protagonists and crypto cloak-and-dagger — so much so that Netflix has already commissioned a
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Leading blockchain analytics firm Chainalysis is opening its first Australian office in Canberra, coinciding with the news it has partnered with the Commonwealth Bank on its plans to offer crypto trading to 6.5 million app users. Chainalysis, which was valued at US$4.2 billion at its Series E funding round in June,
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Mastercard’s focus on crypto and digital currencies appears to have taken a greater dimension given the company’s recent move.According to a release on Thursday, the global payments giant has reached an agreement to acquire CipherTrace, a blockchain intelligence firm with crypto forensics capabilities for over 900 cryptocurrencies.As part of the
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The French cybersecurity company Nigma Conseil and the Austrian Institute of Technology (AIT) have revealed to have collaborated on developing a new blockchain forensics tool. The agreement was signed on Feb. 25 to work on e-Nigma, a proposed compliance tool.E-Nigma provides its users with a way of conducting due
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