The new US Treasury Secretary Janet Yellen’s recent negative comments about Bitcoin and crypto have revolved around alleged “illicit use.” However, data from a top blockchain analysis firm claims that under 1% of all cryptocurrency transactions are related to criminal activity. Here's why the former Federal Reserve Chair's assumptions about the digital asset class are way off base. Under...
Despite a 2020 that saw the price of bitcoin rise to all-time highs and set new records for stability, it isn’t too difficult to find Bitcoin FUD being spread. But recently released blockchain analysis demonstrates that the “bitcoin is for criminals” narrative is weaker than ever. The FUD Keeps Coming...
Partly offsetting the positive trend is an explosion in ransomware attacks, which rose 311% from 2019.
Chainalysis declined to directly link the donation to the Jan. 6 storming but said the timing "warrants suspicion."
Darknet markets are falling off the radar and watching their customer base level off.
The new service launch comes just one week after federal agents announced the seizure of over $1 billion in bitcoin.
On November 5, 2020, federal prosecutors filed a civil complaint describing the seizure of 69,370 bitcoin (worth about $1.06 billion at the time of this writing) from an individual who was able to steal the funds from darknet marketplace Silk Road. According to the complaint, the funds were stolen from Silk Road across 54 previously undetected bitcoin transactions in 2012...
Ontology, the digital identity open-source blockchain, announced their integration with Chainalysis, a blockchain analysis company. The integration between Ontology and Chainalysis is expected to increase security. It will also increase compliance in the Ontology ecosystem due to security features of Chainalysis. Ensuring a safer experience for Ontology...
The Internal Revenue Service (IRS), which is the U.S. tax authority, has been drawn towards the most renowned private cryptocurrency, Monero. Reportedly one of the best choices for privacy-focused cryptocurrency, Monero has attracted the attention of the tax agency. As a result, the IRS has employed analysts to unmask Monero's activities. However, it does appear that Monero price is...
BitMEX, one of the leading cryptocurrency exchange and derivative trading platform received a major blow from CFTC last week. Following which investors rushed to remove more than 50,000 bitcoin tokens from BitMEX. The situation is worsening for the exchange as leading cryptocurrency investigation firm Chainalysis has now labeled the platform as a “high risk” exchange. According to the...
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