Category: Chainalysis

80% of Crypto Trade Volume Tracked by Blockchain Surveillance

80% of Crypto Trade Volume Tracked by Blockchain SurveillanceEver since governments worldwide started showing adversity toward cryptocurrencies like bitcoin, a few startups have dedicated their business model to blockchain surveillance. Two weeks ago, Chainalysis revealed the company is monitoring 21 different tokens that stem from Ethereum. On Tuesday, the firm Ciphertrace announced that it’s now tracking 700 cryptocurrencies providing “visibility into 87% of […]

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Privacy Is a Human Right Worth Fighting For

Digital Privacy Is a Human Right Worth Fighting ForPrivacy is a basic human right. It’s there in Article 12 of the Universal Declaration of Human Rights: “Freedom from Interference with Privacy, Family, Home and Correspondence.” Attaining that right in an era of dragnet surveillance, mass data breaches, state-sponsored hacks and big tech overreach, however, is a Herculean task. As the digital privacy fight […]

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IRS Agents Propose Draconian Tactics to Investigate Bitcoin Users

A Look at the Shocking Tactics IRS Agents Suggest Using to Investigate Bitcoin UsersA recently published U.S. Internal Revenue Service (IRS) slide describes alarming recommendations on how tax agents should deal with digital currency users who are not paying taxes. The slide recommends that agents question crypto users’ friends and family, comb through social media posts and issue subpoenas to make sure U.S. residents are paying taxes on […]

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Chainalysis Whistleblower Shares Company Secrets in Explosive AMA

Chainalysis Whistleblower Shares Company Secrets in Explosive AMAA current or former Chainalysis employee has gone rogue and conducted an AMA on r/Bitcoin in which he disclosed sensitive information about the company’s blockchain forensics capabilities. The whistleblower then appears to have had a change of heart and deleted all their comments. Thankfully, the internet never forgets. The comments remain archived on Removeddit.com and […]

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Biggest Heists in Bitcoin History and How They Were Pulled Off

Biggest Heists in Bitcoin History and How They Were Pulled OffBitcoin’s history is rife with hacks and heists, sometimes resulting in six-figure bitcoin losses and businesses going bankrupt, unable to pay their customers back. A new video by Bitcoin.com explores the largest bitcoin heists in history and explains how each one was pulled off. Also read: How to Earn Bitcoin Cash Income Lucrative Crime With […]

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In the Daily: Tokenized ETFs, Chainalysis, Binance Labs in Argentina

In the Daily: Tokenized ETFs, Chainalysis, Binance Labs in ArgentinaIn this edition of The Daily we cover an exchange that offers cryptocurrency investors access to tokenized ETFs based on major indices, a response from Chainalysis to the recent outcry against blockchain surveillance services abusing customer data, and a program to support startups by Binance Labs in Argentina. Also Read: Israel Securities Authority Wants a […]

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A Forensic Analysis of Blockchain Surveillance Companies

A Forensic Analysis of Blockchain Surveillance CompaniesBlockchain analysis is big business. The U.S. government alone has spent $6 million on transaction mapping tools, while cryptocurrency exchanges routinely partner with compliance companies that promise to track and trace the origin of customer funds. Hated by many bitcoiners, blockchain forensics is a controversial field with a plethora of players. The following analysis shines […]

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Crypto Exchange Circle Partners With Financial Surveillance Provider Nice Actimize

Crypto Exchange Circle Partners With Financial Surveillance Provider Nice ActimizeOn Feb. 27, Boston-based cryptocurrency finance firm Circle announced a partnership with Nice Actimize financial crime detection and prevention technologies unit. Circle follows other large cryptocurrency exchanges that have opted to add a compliance and surveillance solution. Also read: Bitcoin Whales Have Accumulated Thousands of Coins in the Last 2 Months Goldman Sachs-Backed Crypto Exchange […]

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How to Outwit Blockchain Analysis and Conceal Your Coins

How to Outwit Blockchain Analysis and Conceal Your CoinsHow do you convert bitcoin that’s associated with your identity into coins with no connection to your name? In an era of enhanced blockchain forensics tools, passing your coins through a few addresses and hoping for the best won’t cut it. Reclaiming your right to privacy and to own bitcoin anonymously calls for a smarter […]

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In the Daily: Quadrigacx Losses, Bithumb UAE, Coinbase Cloud Backup, Chainalysis Funding

In the Daily: Quadrigacx Report, Bithumb UAE, Coinbase Cloud Backup, Chainalysis FundingIn this edition of The Daily we cover a number of developments related to different cryptocurrency exchanges. A report shows that Quadriga has “lost” another half a million dollars, Bithumb is expanding its reach to the UAE, and Coinbase has launched a controversial new cloud backup service. Additionally, Chainalysis has raised further funding to help […]

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Data Shows Ethereum is the ‘Cryptocurrency of Choice for Scams’

Data Shows Ethereum is the 'Cryptocurrency of Choice for Scams'Since the very early days, back when people learned how to create new cryptocurrencies or quickly build infrastructure models like digital asset trading platforms, many scams started to spawn frequently. According to the blockchain surveillance company Chainalysis, over the last two years fraud in the Ethereum ecosystem has run rampant and it’s been the “cryptocurrency […]

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Report: Two Hacker Groups Stole $1 Billion From Crypto Exchanges

A new report alleges that just two groups of hackers dominate the majority of cybercrime directed against cryptocurrency exchanges. Together, these groups have responsible for stealing about $1 billion of cryptocurrency so far. Also Read: Arwen Enables Self-Custody for Traders of Centralized Exchanges The Most Lucrative of All Crypto Crimes Digital surveillance company Chainalysis has […]

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The Daily: Crypto Wallet Raises $15 Million, Localbitcoins Suffers Vulnerability

The Daily: Crypto Wallet Raises $15 Million, Localbitcoins Suffers VulnerabilityIn today’s edition of The Daily we feature another recent example of venture capital infusion into the cryptocurrency space as Japan’s SBI invests in the BRD wallet. We also cover a recent security vulnerability that was detected on the P2P exchange Localbitcoins, and a new AML/KYC compliance solution for stablecoins. Also Read: Galaxy Digital Is […]

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Study Finds Less Than 40% of BTC Addresses Are Economically Relevant

Study Finds Less Than 40% of BTC Addresses Are Economically RelevantThe number of unique addresses on the Bitcoin Core (BTC) network is constantly growing but only 37 percent of them are “economically relevant,” according to a recent study by Chainalysis. The vast majority of them – 86 percent – are controlled by service providers and the rest are used by private investors. Another key finding […]

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Blockchain Surveillance Firm Partners With Cryptocurrency Exchange Binance

Blockchain Surveillance Firm Partners With Cryptocurrency Exchange BinanceOn Oct. 17, the world’s largest cryptocurrency exchange by volume, Binance, announced a partnership with blockchain surveillance company Chainalysis. According to the exchange, Chainalysis has implemented a compliance solution that meets regulatory guidelines worldwide. Also read: Bizarro World: Federated Sidechain Technology Promoted Over Nakamoto Consensus Binance Is Using Chainalysis for Compliance    According to a press […]

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BTC: 36% in Circulation Lost, 23% Held by Speculators, US Tax Authority Monitoring

BTC: 36% in Circulation Lost, 23% Held by Speculators, US Tax Authority MonitoringTwo research firms released compelling data on the state of Bitcoin Core (BTC). Chainalysis revealed 36% of BTC in circulation is lost, likely lost, or unmined. The percentage of BTC held by speculators is 22%, while investors accounted for a steady 30%. The United States government, and especially its Internal Revenue Service (IRS), reportedly account […]

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The Daily: Speculators and Investors Hodl, Venezuelans Send Crypto With SMS

The Daily: Speculators and Investors Hodl, Venezuelans Send Crypto With SMSA study has detected stability in the amounts of bitcoin held for both speculation and investment during the last several months through August. Also in The Daily, Opera launches its much-vaunted desktop browser with built-in crypto wallet, a new service offers Venezuelans SMS-controlled platform for cryptocurrency remittances, and website-building platform Wix integrates coin payments for […]

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Bitcoin is Great for Criminals. It’s Even Better for Law Enforcement

Bitcoin is Great for Criminals. It’s Even Better for Law EnforcementWhen the indictment of Russian intelligence officers for interfering with the US election broke, the recriminations were swift. Not only had the 12 allegedly hacked the Democratic National Committee, but they’d had the temerity to do so using servers paid with cryptocurrency. When politicians and mainstream media began finger pointing, they had only one culprit […]

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The Daily: Decentralized Exchanges – New and Hacked, and Some Lost Coins

The Daily: Decentralized Exchanges – New and Hacked, and Some Lost CoinsIn today’s edition of Bitcoin in Brief, we cover two decentralized exchanges – an Irish team that’s launching its Local Token Exchange and the already operating Bancor that has reported a security breach and admitted the loss of $12.5 million worth of coins. Also, hackers in China have mined cryptos worth $2 million using malware […]

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Flash Transfer: Bitcoin Hodlers Dumped $30 Billion Since December

Flash Transfer: Bitcoin Hodlers Dumped $30 Billion Since DecemberLeading crypto research firm, Chainalysis, revealed staggering wealth transfer numbers, as reported by legacy news outlet Financial Times, concerning bitcoin core (BTC). From its price high in December of last year through April of 2018, BTC hodlers (supposed longer term investors) dumped $30 billion onto the market, shedding about half their collective positions just in […]

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Meet Bestmixer, the Bitcoin Tumbler Trying to Outwit Chainalysis

Bitcoin tumbling service Bestmixer has added a slew of new features designed to enhance anonymity. A triple-tier service provides varying levels of privacy, all geared around outsmarting the blockchain forensic tools deployed by companies such as Chainalysis. Also read: Bitcoin’s Chance at the $20 Trillion Offshore Tax Haven Market Bestmixer Ups Its Privacy Game Bitcoin tumbler […]

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