Blockchain compliance startup Chainalysis has added support for Binance’s native token BNB and three stablecoins to its transaction monitoring tool.
CoinDesk
Chainalysis Raises $30 Million in Series B Funding From Accel Ventures
Blockchain analysis firm Chainalysis has completed a $ 30 million Series B round led by American VC firm Accel and Benchmark, who led the startup's Series A funding in April 2018. Accel partner Philippe Botteri will also join the firm’s board of directors.
The fund injection will be used to expand the startup's operations including its Chainalysis Know-Your-Transaction (KYT) tool which allows more than 100 crypto exchanges and financial institutions to vet their clients.
The analytics firm known for investigating the Mt. Gox case will open a new office in London, its second office in Europe, which will serve as a base devoted to research and development.
Chainalysis Report: Two Groups Responsible for Most Publicly Reported Hacks
Two “prominent professional hacking groups” are responsible for the majority of publicly reported hacks of cryptocurrency exchanges and other cryptocurrency organizations, concludes a report published by blockchain data analytics firm Chainalysis this week. According to the report, simply called the Crypto Crime Report, the groups generated around $ 1 billion of hacking revenues for themselves so far.
“Hacking dwarfs all other forms of crypto crime, and it is dominated by two prominent, professional hacking groups,” the report states. “Together, these two groups are responsible for stealing around $ 1 billion to date, at least 60% of all publicly reported hacks.”
Chainalysis: Darknet Market Activity Nearly Doubled Throughout 2018
Darknet markets are going as strong as ever, if Chainalysis data is to be believed.
In its latest Crypto Crime Report, published earlier this week, blockchain analytics firm Chainalysis reports that darknet market activity has nearly doubled throughout 2018. After a slump in late 2017 and early 2018 due to the closure of two major online marketplaces for illicit activity — AlphaBay and Hansa — volume has since almost completely recovered to early-2017’s all-time high levels, surpassing $ 600 million worth of bitcoin for the year.
Two Groups Have Dominated Cryptocurrency Hacks, Raking in $1 Billion: Chainalysis
Blockchain analysis firm Chainalysis has disclosed that just two groups benefited from the majority of cryptocurrency hacks that have occurred to date. Per The Wall Street Journal, the two hacking groups could have obtained as much as $ 1 billion in cryptocurrencies. Since bitcoin came into being, over $ 1.7 billion worth of cryptocurrencies are estimated to have been stolen. According to Chainalysis’ chief economist, Philip Gradwell, the two hacking groups are most likely still active. While disclosing that tracking the funds that were stolen in publicly reported hacks took three months, Chainalysis pointed out that their analysis might be incorrect. The
Chainalysis: Daily Darknet Bitcoin (BTC) Transactions Doubled Last Year
Chainalysis, a provider of cryptocurrency tracking tools to companies and law enforcement, recently published a report revealing that darknet markets are still thriving despite law enforcement’s best efforts to shut them down. Darknet markets are immune to the volatility of cryptocurrency markets, according to our research findings. Get a preview of our deep dive into darknet […]
SludgeFeed
Bitcoin Payments Down 80% in 4th Quarter of 2018: Chainalysis Data
Citing Chainalysis data, Reuters is reporting that Bitcoin retail payments were down 80% in September, and no mention of a rebound was present. Several things are to blame, including scalability of Bitcoin transactions (and the expensive nature of them as a result) and the volatility of the currency itself. In order to have mass adoption and
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Binance Partners With Chainalysis to Combat Crypto Fraud
Binance, the world’s leading crypto exchange, has partnered with Chainalysis, a provider of cryptocurrency tracking tools to companies and law enforcement, to better monitor fraudulent transactions on its platform. According to the announcement, Binance has adopted Chainalysis’ compliance software, Chainalysis KYT (“know your transaction”), which works to raise live alerts on transactions involved in suspicious activity. This system […]
SludgeFeed
Chainalysis Finds That Bitcoin Whales Are Not the Sole Source of Market Volatility
Data from a detailed Chainalysis study found that Bitcoin whales may actually function as a stabilizing force in the market.
Who’s in Charge of the Market?
A newly published study from Chainalysis makes a strong case that Bitcoin (BTC) 00 whales are not the shadowy culprits behind the notorious volatility associated with Bitcoin and the wider cryptocurrency market. The blockchain research firm reached this conclusion by analyzing 32 of the largest bitcoin wallets, which contain a total of 1 million bitcoin worth nearly $ 6.3 billion.