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You’ve heard of KYC – Know Your Customer – and possibly also KYT – Know Your Transaction – but have likely yet to experience it in action. KYC have lately become the norm for crowdsale registration and exchange verification. Now, KYT is on the rise, and it threatens to blacklist bitcoiners whose cryptocurrency is deemed … Read more
Most cryptocurrency enthusiasts have heard of the Chainalysis firm by now. This company specialized in blockchain analysis services, with a primary focus on Bitcoin. That situation has come to change, as other currencies are now supported as well. Additionally, the company has unveiled its Know Your Transaction solution, which is also quite interesting. Chainalysis Continues to … Read more
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 … Read more
A British news agency teamed with Chainalysis to uncover just how rampant cryptocurrency Twitter scams are and the methods employed. Using well-regarded tech personalities such as Elon Musk, tens of thousands dollars have been swiped from unsuspecting admirers. Also read: Bitcoiners Demand More Crypto CFDs and Spread-Betting in the UK No, Elon Musk Is Not … Read more
As everyone knows, bitcoin has dropped roughly three-fold from its December peak. At the height of the mania it touched $20,000 but has since fallen to as low as $6,000. The question of what caused the great decline is one that most bitcoiners have an opinion on. In a bid to settle the matter once … Read more
On January 25 the U.S. Immigration and Customs Enforcement (ICE) deputy assistant director, Greg Nevano, explained in a testimony that the agency was using “blockchain exploitation tools” to combat cryptocurrency use in illicit markets. Nevano’s testimony revolved around the growing opioid addiction problem in the U.S., and how the law enforcement organization is fighting the … Read more
Governments worldwide have been ramping up regulations for cryptocurrencies and hiring research and blockchain surveillance teams. One firm that tracks transactions on the Bitcoin Core blockchain is called Chainalysis, and this year the company has gathered over a half a million USD on record from various government and law enforcement entities. Also read: South Korean Exchange … Read more
State owned media outlet, Russia Today (RT), reports the suicide of an exchange CEO was in actuality something more sinister and connected to Mt. Gox’ 650,000 still missing bitcoin, according to RT’s exclusive source. Also read: African Central Banks: Ditch Dollar, Buy Bitcoin RT’s Exclusive Source: CEO Death Linked to Missing Gox Bitcoin “The hundreds of … Read more
Any American bitcoin investors who were hoping to avoid paying taxes for their profits this year by trading them for altcoins are in for an unpleasant surprise. New regulations have been tailored specifically to make sure U.S. taxpayers can’t use this method to avoid giving the IRS their cut. Also Read: South Africa Wants to … Read more
