Blockchain analysis is becoming a lot more popular these days. A fair few firms are looking for ways to analyze public blockchains and potentially crack down on illicit activity involving cryptocurrencies. It seems US agencies are showing increasing interest in this technology as well, which is not that big of a surprise. US Agencies Embrace Chainalysis and Others As we discussed in a previous article, various US agencies have shown a big interest in cryptocurrency and blockchain analysis. A lot of these agencies rely on Chainalysis for their analysis of the Bitcoin blockchain. Even though there is a lot more to cryptocurrencies,Powered by WPeMatico
The blockchain surveillance company Chainalysis has announced it has raised $16 million USD in a Series A funding round from the firm Benchmark. Chainalysis also reveals it will be stretching its monitoring software efforts towards the bitcoin cash network and hopes by the year-end the platform will cover ten different public blockchains. Also read: Russians […]
Most cryptocurrency users know that BitFury is working on a blockchain analysis tool. Until now, we never heard much about this project, other than how it helped identify a few hundred Bitcoin users with relative ease. In a recent blog post, the company explained that its new service will be known as Crystal. It is a blockchain investigative tool for law enforcement and financial institutions alike. Tools like these will only force more users to look at privacy-oriented coins rather than public currencies. Crystal is a Game Changer for Bitcoin It is neither the first nor the last time someone will create