advertisement Blockchain data platform Chainalysis will start supporting the Lightning Network in February, the company announced Friday. The Lightning compatibility will be available for customers of Chainalysis’ cryptocurrency compliance software, KYT (Know Your Transaction). KYT helps virtual asset service providers (VASPs) like exchanges detect risk patterns and illegal activity. Now, these VASPs will be able …
Roughly $144.3 billion passed through decentralized exchanges (DEXs) in 2020, but not all transactions involved legally-obtained crypto. Blockchain analysis firm Chainalysis estimates that about $34 million of decentralized finance (DeFi) transactions were conducted by criminal actors. Source: Chainalysis The $34 million figure might not sound like a lot — it’s only 0.02% of the estimated …
Chainalysis: Criminals moved $34 million in crypto through DeFi in 2020 Read More »
Ethereum Classic Labs (ETC) announced a partnership with the blockchain analysis company, Chainalysis to offer Chainalysis KYT (Know Your Transaction) that would help cryptocurrency businesses comply with local and global regulations. With regard to this partnership, Chainalysis said it would also offer the ETC Labs startups, projects, and grantees access to Chainalysis subject matter experts …
Cryptocurrency scammers may be taking advantage of coronavirus to invent new fraudulent narratives, but their profits have declined since the outbreak of the pandemic because of a drop in crypto market prices, according to blockchain analysis firm Chainalysis. In an April 10 report by Chainalysis, researchers found that the coronavirus pandemic has triggered an increase in …
A report from blockchain analysis Chainalysis this week indicates that the correlation between bitcoin spending and the digital asset’s price went through dramatic changes amid the recent market volatility. The report published on March 30 broke down the impact of the coronavirus on the consumer end of bitcoin. Although purchases related to merchant services, gambling services, the …