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How do you convert bitcoin that’s associated with your identity into coins with no connection to your name? In an era of enhanced blockchain forensics tools, passing your coins through a few addresses and hoping for the best won’t cut it. Reclaiming your right to privacy and to own bitcoin anonymously calls for a smarter […]
The post How to Outwit Blockchain Analysis and Conceal Your Coins appeared first on Bitcoin News.
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In this edition of The Daily we cover a number of developments related to different cryptocurrency exchanges. A report shows that Quadriga has “lost” another half a million dollars, Bithumb is expanding its reach to the UAE, and Coinbase has launched a controversial new cloud backup service. Additionally, Chainalysis has raised further funding to help […]
The post In the Daily: Quadrigacx Losses, Bithumb UAE, Coinbase Cloud Backup, Chainalysis Funding appeared first on Bitcoin News.
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Since the very early days, back when people learned how to create new cryptocurrencies or quickly build infrastructure models like digital asset trading platforms, many scams started to spawn frequently. According to the blockchain surveillance company Chainalysis, over the last two years fraud in the Ethereum ecosystem has run rampant and it’s been the “cryptocurrency […]
The post Data Shows Ethereum is the ‘Cryptocurrency of Choice for Scams’ appeared first on Bitcoin News.
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A new report alleges that just two groups of hackers dominate the majority of cybercrime directed against cryptocurrency exchanges. Together, these groups have responsible for stealing about $1 billion of cryptocurrency so far. Also Read: Arwen Enables Self-Custody for Traders of Centralized Exchanges The Most Lucrative of All Crypto Crimes Digital surveillance company Chainalysis has […]
The post Report: Two Hacker Groups Stole $1 Billion From Crypto Exchanges appeared first on Bitcoin News.
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In today’s edition of The Daily we feature another recent example of venture capital infusion into the cryptocurrency space as Japan’s SBI invests in the BRD wallet. We also cover a recent security vulnerability that was detected on the P2P exchange Localbitcoins, and a new AML/KYC compliance solution for stablecoins. Also Read: Galaxy Digital Is […]
The post The Daily: Crypto Wallet Raises $15 Million, Localbitcoins Suffers Vulnerability appeared first on Bitcoin News.
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Cryptocurrencies tend to attract a lot of attention from criminals. This is primarily due to their perceived anonymity and privacy aspects. Several blockchain analysis companies specialize in ensuring such criminal activity cannot take place. Chainalysis has now confirmed they are launching a similar service for stablecoins. A remarkable development, although one that also makes a fair bit of sense. Blockchain Analysis for Stablecoins On the surface, stablecoins should never be of great interest to criminals. They are merely designed to represent digital US Dollars. However, they can be traded against most of the top cryptocurrencies, which does make them somewhatPowered by WPeMatico
The number of unique addresses on the Bitcoin Core (BTC) network is constantly growing but only 37 percent of them are “economically relevant,” according to a recent study by Chainalysis. The vast majority of them – 86 percent – are controlled by service providers and the rest are used by private investors. Another key finding […]
The post Study Finds Less Than 40% of BTC Addresses Are Economically Relevant appeared first on Bitcoin News.
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On Oct. 17, the world’s largest cryptocurrency exchange by volume, Binance, announced a partnership with blockchain surveillance company Chainalysis. According to the exchange, Chainalysis has implemented a compliance solution that meets regulatory guidelines worldwide. Also read: Bizarro World: Federated Sidechain Technology Promoted Over Nakamoto Consensus Binance Is Using Chainalysis for Compliance According to a press […]
The post Blockchain Surveillance Firm Partners With Cryptocurrency Exchange Binance appeared first on Bitcoin News.
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In a drastic turn of events, Ethereum, the world’s second largest cryptocurrency by total market capitalization, has seen a drop of more than 11% in its relative value during the past 24-hours. As is clear from the chart below, Ether’s downward slide started yesterday afternoon when within a couple of hours the currency stooped from […]
The post Ethereum Price Watch: Bitcoin Drops by 5% Overnight, Drags Ether Below the $200 Mark Along With It appeared first on NullTX.
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Two research firms released compelling data on the state of Bitcoin Core (BTC). Chainalysis revealed 36% of BTC in circulation is lost, likely lost, or unmined. The percentage of BTC held by speculators is 22%, while investors accounted for a steady 30%. The United States government, and especially its Internal Revenue Service (IRS), reportedly account […]
The post BTC: 36% in Circulation Lost, 23% Held by Speculators, US Tax Authority Monitoring appeared first on Bitcoin News.
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