Blockchain Analytics

CipherTrace to Tackle ‘Modern-Day Slavery’ With Crypto Analytics

Blockchain security firm CipherTrace has partnered with the Anti-Human Trafficking Intelligence Initiative (ATII) to track cryptocurrency transactions from suspected traffickers. Announced Friday, CipherTrace has provided ATII with access to its user interface, a tool that will allow the organization to track criminal cryptocurrency transactions and help prevent them from accessing financial services. “CipherTrace will be …

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MIT’s AI Lab Crunched 200,000 Bitcoin Transactions. Only 2% Were ‘Illicit’

Blockchain analytics firm Elliptic partnered with the Massachusetts Institute of Technology (MIT) to publish a public dataset of bitcoin transactions associated with illicit activity. The group’s study detailed how researchers at the MIT-IBM Watson AI Lab used machine learning software to categorize 203,769 bitcoin node transactions worth roughly $6 billion in total. The research explored whether …

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Malta Teams With Crypto Security Firm to Manage Financial Crimes Risk

Malta is turning to crypto sleuthing startup CipherTrace for technical help addressing the risk of financial crimes in its licensed digital asset industry. The Malta Financial Services Authority (MFSA) announced March 11 that it would integrate CipherTrace’s Compliance Monitoring product to “protect consumers, investors and business partners.” The tool uses blockchain analytics and forensics to look …

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