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Ever since governments worldwide started showing adversity toward cryptocurrencies like bitcoin, a few startups have dedicated their business model to blockchain surveillance. Two weeks ago, Chainalysis revealed the company is monitoring 21 different tokens that stem from Ethereum. On Tuesday, the firm Ciphertrace announced that it’s now tracking 700 cryptocurrencies providing “visibility into 87% of … Read more
Learn what would happen while trading with Kingpin Act-designated accounts, what would be the market impact of additional account blacklistings and what moves the OFAC is planning to undertake next – in an interview with Chainalysis Go to Source Powered by WPeMatico
Privacy is a basic human right. It’s there in Article 12 of the Universal Declaration of Human Rights: “Freedom from Interference with Privacy, Family, Home and Correspondence.” Attaining that right in an era of dragnet surveillance, mass data breaches, state-sponsored hacks and big tech overreach, however, is a Herculean task. As the digital privacy fight … Read more
A recently published U.S. Internal Revenue Service (IRS) slide describes alarming recommendations on how tax agents should deal with digital currency users who are not paying taxes. The slide recommends that agents question crypto users’ friends and family, comb through social media posts and issue subpoenas to make sure U.S. residents are paying taxes on … Read more
A current or former Chainalysis employee has gone rogue and conducted an AMA on r/Bitcoin in which he disclosed sensitive information about the company’s blockchain forensics capabilities. The whistleblower then appears to have had a change of heart and deleted all their comments. Thankfully, the internet never forgets. The comments remain archived on Removeddit.com and … Read more
Bitcoin’s history is rife with hacks and heists, sometimes resulting in six-figure bitcoin losses and businesses going bankrupt, unable to pay their customers back. A new video by Bitcoin.com explores the largest bitcoin heists in history and explains how each one was pulled off. Also read: How to Earn Bitcoin Cash Income Lucrative Crime With … Read more
In this edition of The Daily we cover an exchange that offers cryptocurrency investors access to tokenized ETFs based on major indices, a response from Chainalysis to the recent outcry against blockchain surveillance services abusing customer data, and a program to support startups by Binance Labs in Argentina. Also Read: Israel Securities Authority Wants a … Read more
Blockchain analysis is big business. The U.S. government alone has spent $6 million on transaction mapping tools, while cryptocurrency exchanges routinely partner with compliance companies that promise to track and trace the origin of customer funds. Hated by many bitcoiners, blockchain forensics is a controversial field with a plethora of players. The following analysis shines … Read more
On Feb. 27, Boston-based cryptocurrency finance firm Circle announced a partnership with Nice Actimize financial crime detection and prevention technologies unit. Circle follows other large cryptocurrency exchanges that have opted to add a compliance and surveillance solution. Also read: Bitcoin Whales Have Accumulated Thousands of Coins in the Last 2 Months Goldman Sachs-Backed Crypto Exchange … Read more
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 … Read more