Ransomware crypto payments hit at least $602M last year: Chainalysis
The total amount of value extracted through ransomware payments in 2021 is expected to rise above 2020 levels once all the data is sorted through. Go to Source Powered by WPeMatico
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Report: Chainalysis Detects ‘Significant’ Wash Trading Using NFTs
Chainalysis, one of the leading blockchain and cryptocurrency auditing firms, has issued a report indicating signs of significant wash trading activity involving NFTs. In these operations, some actors effectively sell their assets to themselves, with the intention of increasing the floor price of the NFTs to sell them at a higher price later. However, this … Read more
Crypto money laundering up by one third in 2021 but still below record
Chainalysis report detailed how cyber criminals laundered their crypto funds in 2021 compared to the previous year, with DeFi protocols seeing the biggest increase in use. Go to Source Powered by WPeMatico
‘Less sophisticated’ malware is stealing millions: Chainalysis
Chainalysis warned that even “low-skilled cybercriminals” are using malware to swipe funds from crypto hodlers. Go to Source Powered by WPeMatico
North Korean hackers stole $400M in 2021, mostly ETH: Chainalysis
Hackers from North Korea have nearly doubled their thefts since 2019 by amassing $400 million in crypto via cyber attack in 2021. Go to Source Powered by WPeMatico
Crypto crime’s overall impact set to fall even further in 2022: Chainalysis
“Cash is still king when it comes to illicit finance, and that is not likely to change,” says Chainalysis researcher Kim Grauer. Go to Source Powered by WPeMatico
Robinhood Turns to Chainalysis to Boost Compliance Ahead of Crypto Wallet Launch
Popular trading platform Robinhood has partnered with blockchain data platform Chainalysis to meet compliance requirements. Robinhood is preparing to launch its wallet, which has a waitlist of more than 1.6 million users. Robinhood Partners With Chainalysis for Compliance Blockchain data analytics firm Chainalysis announced Monday “an integrated partnership with online brokerage app Robinhood Crypto.” The … Read more
Robinhood partners with Chainalysis ahead of crypto wallet launch
The trading app will adopt Chainalysis’ monitoring compliance solution Know-Your-Transaction as well as the Chainalysis Reactor, its investigations software. Go to Source Powered by WPeMatico
Chainalysis to Offer Lightning Network Monitoring Service to VASPs in 2022
On December 10, the blockchain intelligence firm Chainalysis revealed that the company has added support for Bitcoin’s second-layer protocol the Lightning Network (LN). According to Chainalysis, firms like exchanges and virtual asset service providers (VASPs) can leverage the company’s Know-Your-Transaction (KYT) real-time transaction monitoring software in order to access compliant bitcoin deposits and withdrawals from … Read more
Retail buyers made up more than 80% of NFT transactions in 2021: Chainalysis
Chainalysis has determined that most NFT transactions so far this year were from retail buyers, but the big volumes were driven by collectors and institutions. Go to Source Powered by WPeMatico
