Chainalysis tips Australia will crack down on misleading crypto ads

Chainalysis’ head of international policy Caroline Malcolm expects Australia’s new rules governing crypto advertising, promotion and consumer safeguards to follow a similar path to the United Kingdom when they come into place within the next year.  “I think we’re more likely to see something along the lines of the UK model which is really focusing on a crackdown on misleading advertising or advertising which doesn’t present the risks alongside the opportunities.” During the Chainalysis Links event in Sydney on June 21, Malcolm told Cointelegraph that this meant treating crypto products…

Read More

Chainalysis launches reporting service for businesses targeted in crypto-related cyberattacks

Blockchain analytics firm Chainalysis has launched a reporting hotline for incidents of hackers demanding cryptocurrency payments from platforms or companies. In a Wednesday blog post, Chainalysis said its ‘Crypto Incident Response’ hotline would operate 24/7 for victims of a “hack, ransomware attack, code exploit, or flash loan attack” in which “cryptocurrency funds are either demanded or stolen.” The company attributed the launch of the reporting service to crypto-related ransomware attacks presenting “national security concerns” as well as potentially undermining confidence in the crypto industry. According to Chainalysis, hackers were responsible…

Read More

Chainalysis exec touts blockchain analysis to Senate homeland security committee

The collection and processing of information was a major theme at the United States Senate Committee on Homeland Security and Governmental Affairs (HSGAC) hearing titled, “Rising Threats: Ransomware Attacks and Ransom Payments Enabled by Cryptocurrency” on Tuesday. The committee hosted a panel of private-sector experts who discussed the problem of ransomware attacks and the challenges of collecting and using the information necessary to fight them.  Committee chair Gary Peters of Michigan, who introduced the Strengthening American Cybersecurity Act in February, said the government lacks sufficient data even to understand the…

Read More

New Chainalysis tool tracks stolen crypto across multiple chains

Blockchain analytics firm Chainalysis has released a new tool to track transactions across Decentralized Finance protocols and multiple blockchains. Chainalysis launched a beta version of its Storyline software on May 18. Touted as a “Web3-native blockchain analysis tool,” Storyline aims to track and visualize smart contract transactions with a focus on nonfungible tokens (NFTs) and DeFi platforms. This is in line with the growing popularity and prevalence of NFTs and DeFi in the cryptocurrency space over the past year. Chainalysis provides blockchain analysis and annual reports on cryptocurrency crime trends…

Read More

Chainalysis announces $170M funding round, platform now valued at $8.6 billion

Chainalysis, a blockchain analytics provider, has announced its $170 million Series F funding round. The fresh funding succeeded its $100 million raise back in June 2021 and more than doubly exceeded its valuation of $4.2 billion at the same time. The raise was led by Singaporean sovereign wealth fund GIC and further participated in by investors Accel — who previously led Chainalysis’ $30 million Series B round in 2019, as well as Blackstone, Dragoneer and FundersClub. Bank of New York Mellon and Emergence Capital also participated in the round as first…

Read More

Tornado Cash says it’s using Chainalysis oracles to block access from OFAC sanctioned addresses

On Friday, Tornado Cash announced that it was using oracle contracts from Chainalysis to block wallet addresses sanctioned by the U.S. Office of Foreign Assets Control, or OFAC. The move comes after the U.S. Department of the Treasury linked North Korean cybercriminal Lazarus Group as an alleged perpetrator for the recent $600 million+ Ronin Bridge exploit. As told by blockchain analytics firm Elliptic, the hackers have sent approximately $80.3 million worth of Ether (ETH) through Tornado Cash. “Maintaining financial privacy is essential to preserving our freedom; however, it should not…

Read More

Crypto.com’s Cronos partners with Chainalysis to track CRC-20 tokens

Cronos has partnered with the blockchain intelligence firm Chainalysis to enable real-time transaction monitoring tools for the Cronos (CRO) token and all CRC-20 tokens running on the Cronos network, according to an announcement shared with Cointelegraph on Wednesday. The new compliance integration aims to enable institutions, cryptocurrency exchanges and digital asset funds to track transactions of CRC-20 tokens, allowing users to trace large volumes of activity and identify high-risk transactions. The partnership specifically allows institutions and exchanges to focus on the most urgent issues and properly report suspicious activity. The…

Read More

Gemini, Chainalysis and 11 others join Crypto Market Integrity Coalition

The Crypto Market Integrity Coalition, an organization founded two months ago by 17 cryptocurrency exchanges, firms and industry associations worldwide, announced 13 new members have joined. The group is centered around a pledge endorsed by members’ CEOs or chief compliance officers that (among other things): “We will integrate principles that uphold Market Integrity and Market Efficiency into our operations and business strategy.”  The coalition, or CMIC, was spearheaded by market surveillance firm Solidus Labs. “To enable the promise of crypto and DeFi, we must as an industry be vocal about…

Read More

How Chainalysis helps in crypto monitoring and blockchain analysis?

Chainalysis has five different types of products that help in monitoring crypto assets. These are Chainalysis Business Data, Chainalysis KYT, Chainalysis Kryptos, Chainalysis Market Intel and Chainalysis Reactor. Chainalysis Business Data Chainalysis Business Data gives crypto companies an extra layer of customer intelligence, allowing them to understand their customers before and after leaving their platforms, customize product offerings and enhance customer experience. Furthermore, it allows companies to find the most avenues impacting the business and making data-driven decisions. Data is updated on a regular basis to ensure that relevant adjustments…

Read More

Chainalysis launches free sanctions screening tools

Blockchain-data analysis firm Chainalysis has announced the fast-tracked launch of two primary ‘sanctions screening’ tools that it will provide free of charge to the cryptocurrency industry.  According to the report provided by Chainalysis on March 10, the screening tools include two main components of new tracking software that will assist exchanges in screening wallets and transactions for activity that appears to be skirting economic sanctions. The first tool, which is immediately available, is an on-chain oracle. An on-chain oracle is a smart contract aimed more specifically at DeFi (decentralized finance)…

Read More