The global payments giant plans to incorporate the crypto intelligence project into its digital currency expansion plans.
Powered by WPeMatico
Category: forensics
Auto Added by WPeMatico
There’s No Such Thing as Tainted Bitcoins
All bitcoins are created equal. But in the eyes of blockchain forensics firms, some bitcoins are more equal than others. If these companies are to be believed, coins that have been used in criminal transactions are ‘tainted,’ destined to be forever linked with nefarious activity. The reality, however, is far different, for ‘taint’ is solely […]
The post There’s No Such Thing as Tainted Bitcoins appeared first on Bitcoin News.
Powered by WPeMatico
New Chainalysis Report Sheds Light on Darknet Markets and the Need for Onchain Privacy
Darknet market activity hit new highs in 2019, as shown in a new report from blockchain forensics firm Chainalysis. Despite concerted attempts from law enforcement (LE) to crack down on darknet markets (DNMs), coupled with several exit scams, crypto inflows and outflows surpassed $800 million last year. Also read: Monopoly Is a Tiny Darknet Market […]
The post New Chainalysis Report Sheds Light on Darknet Markets and the Need for Onchain Privacy appeared first on Bitcoin News.
Powered by WPeMatico
New Liberty Dollar Founder Subpoenaed in the Billion-Dollar Bitcoin Lawsuit
The ongoing Kleiman v. Wright case saw expert testimony on Monday from the plaintiff’s cryptography specialist, alongside the defendant Craig Wright’s witness, Nchain CTO Steve Shadders. The court participants discussed parsing through 27,000 bitcoin addresses as well the Kleimans’ forensic expert finding discrepancies within specific documents and contracts between the two business partners. Moreover, it […]
The post New Liberty Dollar Founder Subpoenaed in the Billion-Dollar Bitcoin Lawsuit appeared first on Bitcoin News.
Powered by WPeMatico
Chainalysis Whistleblower Shares Company Secrets in Explosive AMA
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 […]
The post Chainalysis Whistleblower Shares Company Secrets in Explosive AMA appeared first on Bitcoin News.
Powered by WPeMatico
A Forensic Analysis of Blockchain Surveillance Companies
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 […]
The post A Forensic Analysis of Blockchain Surveillance Companies appeared first on Bitcoin News.
Powered by WPeMatico
Indian Government Inaugurates National Cryptocurrency Forensic Lab
The government of India has reportedly inaugurated a national cyber forensics lab which includes a cryptocurrency forensic lab to perform crypto-related analyses. Alongside this is the inauguration of the Delhi Police’s cybercrime unit which will deal with fraud involving cryptocurrencies. It is the first cybercrime awareness and detection center in the country, according to a commissioner. […]
The post Indian Government Inaugurates National Cryptocurrency Forensic Lab appeared first on Bitcoin News.
Powered by WPeMatico
South Korea’s Largest Crypto Exchange Upbit Under Investigation for Fraud
The largest cryptocurrency exchange in South Korea, Upbit, is suspected of fraud and is currently under investigation. The prosecutors have conducted searches at the exchange and confiscated computers and accounting records. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Upbit Under Investigation South Korea’s largest cryptocurrency exchange, the Kakao-backed Upbit is suspected of fraud, […]
The post South Korea’s Largest Crypto Exchange Upbit Under Investigation for Fraud appeared first on Bitcoin News.
Powered by WPeMatico
The IRS Takes Its Tax Evasion Hunt to the Blockchain
As the adage goes, there are two certainties in life: death and taxes. For any U.S. bitcoiners considering wriggling out of the latter, that task just got a little harder. The country’s Internal Revenue Service has revealed that it’s bolstering its armory to make it easier to track down crypto tax evaders. It’s now assembled […]
The post The IRS Takes Its Tax Evasion Hunt to the Blockchain appeared first on Bitcoin News.
Powered by WPeMatico