Tag Archives: chainalysis

Interaktive Veranstaltung für Mitglieder des Schweizer Parlaments. In Bern tauchten Mitglieder des Schweizer Parlaments praxisnah in die Welt der Kryptowährungen ein. Ein interaktiver Anlass der Swiss Blockchain Federation bot eine Einführung in Bitcoin, Wallets und Compliance. Ziel war es, politische Entscheidungsträger für die strategische Bedeutung von Blockchain-Technologien zu sensibilisieren und deren Potenzial für die Schweiz aufzuzeigen....

On Aug. 15, crypto compliance and research firm Chainalysis released the first part of its 2024 crypto crime report. The firm revealed that aggregate illicit activity on-chain has dropped by 19.6% year-to-date, down from $20.9 billion to $16.7 billion. It added that this demonstrates “that legitimate activity is growing more quickly than illicit activity.” Part 1 of our mid-year #cryptocrime update is here! Illicit on-chain activity dropped by nearly 20% YTD, but stolen fund...

CoinspeakerTether Steps Up Monitoring of Token Usage to Combat Illicit Finance This collaboration with Chainalysis provides Tether with advanced tools to detect transactions involving sanctioned e­ntities and track the activities of major token holde­rs. Tether Steps Up Monitoring of Token Usage to Combat Illicit Finance

The US and UK authorities have ramped up their crackdown on entities linked to terrorism financing via crypto after the October 7th attacks on Israel. As such, the US Treasury’s Office of Foreign Assets Control (OFAC) and the UK’s Office of Foreign Sanctions Implementation (OFSI) imposed fresh sanctions earlier this week on two individuals and three entities for their alleged involvement in fundraising for the Palestinian Sunni Islamist political entity, Hamas. Pro-Hamas...

CoinspeakerForbes Names Crypto Firms Chainalysis, Fireblocks, and Gauntlet among Top 50 Fintech Companies of 2024 Forbes' recognition of Chainalysis, Fireblocks, and Gauntlet underscores the growing significance of cryptocurrency and blockchain technology. Forbes Names Crypto Firms Chainalysis, Fireblocks, and Gauntlet among Top 50 Fintech Companies of 2024

Pump and dump schemes commonly entail an individual or a group of actors investing in a token, vigorously advocating for its value to surge, and then swiftly selling off their holdings for substantial gains. This frequently leads to a sharp drop or complete collapse in the token’s value, adversely affecting holders who were unaware of the manipulation. Nevertheless, Chainalysis findings reveal a high failure rate of these schemes. Pump-And-Dumps Plagued by High Failure Rate...

In addition to the expected surge in crypto-related probes, the survey uncovered a noteworthy trend in the adoption of blockchain analytics tools.  According to a survey conducted by TRM Labs, 93% of law enforcement agencies worldwide are currently engaged in crypto training programs, with an overwhelming 99% expressing the urgent need to enhance their education to combat illegal activities within the industry effectively. The study titled “Tackling Crypto Crime” was carried out by an...

C1 Fund – established by a team of former Coinbase legal professionals and investors – has engaged in discussions with numerous local venture firms, explicitly proposing the purchase of private holdings from investors at a discounted rate ranging between 50% and 80% of their most recent valuation. The development comes as the crypto sector has once again captured the interest of investors, driven by a prevailing bullish stance on Bitcoin. This has resulted in the world’s...

The announcement of KPMG Canada’s partnership with Chainalysis coincides with broader industry efforts to tackle fraud associated with crypto. The KPMG Canada has announced a strategic partnership with blockchain analytics firm Chainalysis in response to the escalating threats of exploits and fraud within the crypto sector. Kunal Bhasin, Partner and Cryptoassets and Blockchain Co-leader at KPMG Canada, emphasized that “this collaboration will help to further solidify KPMG’s expertise in...

When it comes to crypto crime, a new report issued by blockchain analysis firm Chainalysis shows that there’s good news and bad news. The good news is that such crime is down across the board. About 65 percent down, to be exact. The bad news is that much of the crime in the crypto arena has shifted to ransomware. Chainalysis Report Shows Ransomware Growing 2022 was arguably the worst year on record for crypto. It brought about one of the worst bear markets in...