Tagged: chainalysis

Crypto Crime Down Considerably, But Ransomware Headed for Huge Year: Report

2023 so far has been a year of “recovery” for cryptocurrency after a chaotic 2022, with prices of digital assets like Bitcoin up over 80% on the year as of June 30, the team at Chainalysis noted. And that’s not the only “good news” for… Read More

Chainalysis Integrates Coinbase Commerce to Allow Clients to Pay with Digital Assets

The team at Chainalysis are pleased to announce that they’ve integrated Coinbase Commerce so that their customers can conveniently settle their invoices using a wide range of digital assets. By offering this new payment option, they are “supporting the evolving needs of our customers, particularly… Read More

Chainalysis Acquires Transpose, a Blockchain Data and Infrastructure Firm

Chainalysis is announcing that their firm has acquired Transpose, a blockchain data and infrastructure company that makes building applications using web3 data fast and simple. Transpose customers are able “to build snappy user experiences, power wallet applications, analyze financial activity, fulfill tax and compliance requirements,… Read More

Calgary Police Service, Chainalysis Introduce Western Canada Cryptocurrency Investigations Centre

The Calgary Police Service and Chainalysis are together launching the Western Canada Cryptocurrency Investigations Centre, an innovative regional center that will enable law enforcement to tackle crime that takes place using blockchain technology. By bringing together law enforcement agencies and personnel from across Western Canada… Read More

Nearly 25% of New Crypto Tokens Launched in 2022 Bear On-Chain Characteristics of Pump and Dump Schemes: Report

Pump and dump schemes in traditional finance are quite simple: Holders of a tradable asset, such as stock in a company, will “heavily hype and promote the asset to other investors, often using misleading statements, causing the price to rise rapidly as new investors buy,”… Read More

Crypto Money Laundering Report: Four Exchange Deposit Addresses Received $1B+ in Illicit Funds Last Year

Money laundering is “crucial” to all financially motivated crime because it’s what enables criminals “to access the funds they generate from their activities,” the team at Chainalysis explains. Otherwise, why commit the crimes in the first place? The same is true in cryptocurrency. The goal… Read More

Ransomware Revenue Declines As More Victims are Refusing to Make Payments, New Report Reveals

2022 was an impactful year in “the fight against ransomware,” according to an update from Chainalysis. Ransomware attackers extorted “at least $456.8 million from victims in 2022, down from $765.6 million the year before.” As always, they have to caveat these findings by noting “that… Read More

Digital Asset Platform Matrixport Signs Up Chainalysis for Compliance, Fraud Monitoring

Matrixport has enlisted the assistance of Chainalysis to provide compliance, fraud monitoring, risk assessment, and more. Matrixport is a Singapore based digital asset platform that is a prime brokerage, spot trading, lending, asset management and more. Christopher Liu, Chief Compliance Officer at Matrixport, said that… Read More

Institutional Investment in Digital Assets Creates Requirement for Enterprise-Grade Self-Custody Solutions: Report

As Chainalysis discussed recently, the collapse of FTX and resulting market action prompted large net outflows “from centralized exchanges, as many users shifted their funds to personal wallets, also commonly referred to as ‘unhosted wallets’.” Chainalysis found that while the trend wasn’t “as pronounced as… Read More

Chainalysis Storyline to Offer “Transparency” and “Clarity” for Web3

The blowup of FTX and resulting market tumult has many in cryptocurrency citing the importance of “a core, original tenet of blockchain technology: transparency,” according to an update from Chainalysis. Chainalysis claims that “no other sector of the crypto ecosystem “embodies transparency more than DeFi,… Read More

BNY Mellon Provides Digital Asset Custody, First Big US Bank to Offer Service

BNY Mellon (NYSE:BK), one of the oldest banks in the US, has announced it will provide custody services for digital assets. On the bank’s home page, BNY Mellon proudly announces: “Today, our Digital Asset Custody platform bridges digital and traditional assets. Tomorrow, as we continue… Read More

Chainalysis Joins NCFTA, Enabling Blockchain Analysis to Combat Cybercrime

Chainalysis, the blockchain data platform, announced that it has joined the National Cyber-Forensics and Training Alliance (NCFTA), a nonprofit corporation focused on “identifying, validating, mitigating, and neutralizing cyber-crime threats.” Chainalysis’ data platform “equips the alliance with the same investigative tools that have been used to… Read More

Global Crypto Adoption has Leveled Off in Past Year after Growing Steadily Since 2019: Report

Chainalysis has shared their 2022 Global Crypto Adoption Index Report. For the third consecutive year, Chainalysis ranked all countries “by grassroots cryptocurrency adoption. While commenting on what is grassroots adoption of cryptocurrency, Chainalysis explained that they could easily rank countries by “raw” cryptocurrency transaction volume,… Read More

US Department of Treasury Targets Another Crypto Mixer as Tornado.Cash Gets Sanctioned

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has targeted another crypto mixer by sanctioning Tornado Cash. Most recently, in May, OFAC sanctioned Blender.io, a mixer that is said to be utilized by North Korea  for its “malicious cyber activities and… Read More

Chainalysis Government Solutions Introduced for US Public Sector

Chainalysis has an established history of supporting U.S. government agencies. They’ve helped on cases “involving terrorism financing campaigns, child abuse material, darknet markets, ransomware gangs, North Korean hacking and more, leading to the seizure of billions of dollars worth of cryptocurrencies.” These successes demonstrate “the… Read More

Chainalysis: Crypto Mixer Usage at All Time Highs as People Rush to Cover Their Tracks

  Mixer usage, platforms that enable crypto holders to scrub their digital assets in an attempt to cover their tracks, is at an all-time high, according to a report posted by Chainalysis. As most blockchain transactions are publicly available, sophisticated observers can trace every transaction…. Read More

Cellebrite, Chainalysis to Enhance Digital Investigations by Unlocking Crypto Data

Cellebrite DI Ltd. (NASDAQ: CLBT), which claims to be a leader in Digital Intelligence (DI) solutions for the public and private sectors, and Chainalysis, the blockchain data platform, have launched a partnership to “enable customers to easily identify and assess criminal activity involving cryptocurrency during… Read More

New L1 Blockchains Are Expanding DeFi Ecosystem, No Ethereum Killers Yet: Chainalysis Report

Nearly all crypto tokens fall into one of two categories: Layer 1s and Layer 2s, according to an update from Chainalysis. Chainalysis writes in a report that Layer 1s are tokens “with their own blockchains, while Layer 2s are built on top of Layer 1… Read More

Huge. Chainalysis Raises $170 Million at Whopping $8.6 Billion

Chainalysis, a top crypto asset intelligence and data firm, has raised a $170 million Series F at a huge $8.6 billion. Chainalysis’ valuation has doubled in just one year. The funding was led by GIC, Singapore’s sovereign wealth fund with prior investors Accel, Blackstone, Dragoneer,… Read More

NFT Transaction Activity “Stabilizing” Following “Explosive” Growth Last Year: Report

Non-fungible tokens (NFTs) have been one of the “most dynamic” and “prominent” parts of Web3 over the last two years, according to an update from Chainalysis. NFTs are blockchain-powered digital items whose units are “designed to be unique, unlike traditional cryptocurrencies whose units are meant… Read More

Send this to a friend