Chainalysis

80% of Crypto Trade Volume Tracked by Blockchain Surveillance

<header class=”article__header”> </header> <strong>Ever 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 …

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Ripple’s Xpring Launches Crypto, Fiat Payments That Integrate Into Any App

Ripple’s Xpring is launching a platform it says makes it possible for developers to integrate fiat and cryptocurrency payments into any application. The suite of services includes an Xpring software development kit (SDK) that allows programmers to integrate XRP apps in multiple programming languages. It also includes a variety of new tools for working on …

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Bittrex Adopts Chainalysis KYT Software to Flag Suspicious Activity

Bittrex, the U.S. crypto exchange, has adopted blockchain compliance firm Chainalysis’ real-time monitoring software for transactions to flag suspicious activity across many of its leading coins, Bittrex executives told CoinDesk. Bitcoin, ETH, bitcoin cash, litecoin, dai, gemini, among other cryptocurrencies traded on Bittrex are covered by the new software, known as Chainalysis KYT (Know Your Transaction). …

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Privacy Is a Human Right Worth Fighting For

<header class=”article__header”> </header> <strong>Privacy 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 …

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IRS Agents Propose Draconian Tactics to Investigate Bitcoin Users

<header class=”article__header”> </header> <strong>A 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 …

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Chainalysis Whistleblower Shares Company Secrets in Explosive AMA

<header class=”article__header”> </header> <strong>A 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 …

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Biggest Heists in Bitcoin History and How They Were Pulled Off

<header class=”article__header”> </header> <strong>Bitcoin’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.</strong> Also read: How to Earn Bitcoin Cash Income …

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Just 376 Individuals Hold 33% of All Ether Cryptocurrency: Chainalysis

A third of all ether, ethereum’s native cryptocurrency, is owned by just 376 whales as of May 1, new research indicates. Blockchain analysis startup Chainalysis published a study on Wednesday, indicating that, while these 376 individuals control 33 percent of the circulating supply in 2019, that number is actually down from levels seen in 2016 and …

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‘Onerous’ FATF Recommendations Harmful for Crypto Transparency: Chainalysis

It’s unrealistic and bad for the crypto industry to expect exchanges to send know-your-customer (KYC) information to recipient platforms with every transaction. That’s the gist of a public comment letter filed this week by blockchain analysis firm Chainalysis, in response to a draft recommendation by the Financial Action Task Force (FATF), an intergovernmental organization dedicated to …

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

<strong>In 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.<br></strong> Also Read: Israel Securities Authority Wants a …

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