New York-based blockchain data analytics platform Chainalysis revealed on Wednesday that global cryptocurrency adoption has skyrocketed worldwide. Residents from more and more countries are diving deeper into the crypto space and integration digital assets usage in their day-to-day life. The Chainalysis Global Crypto Adoption Index appears as an effort to measure cryptocurrency adoption from the
New York-based blockchain data platform Chainalysis revealed on Tuesday that investors are adopting the meme coin, Dogecoin, at a level not seen since the late 2017 bull run. While long-term Doge holders have reduced their stake, new investors have increased their stake in the supply from 9% in July 2020 to 25% in August 2021.
The annual spring rains have brought plentiful changes in China this year. The Chinese Communist Party, CCP has declared a war on cryptocurrencies and stands in the process of banning them countrywide. While the dynamic emerges puzzling at first, evidence suggests that the CCP understands the power of cryptocurrency and blockchain technology, and wants to
Chainalysis, a blockchain data analytic firm has raised another $100 million in its Series E funding round led by investment firm Coatue and saw participation from Blackstone, Sequoia Heritage, and SVB Capital. Michael Granger, co-founder, and CEO of Chainalysis Michael Gronage said, “The future of finance and national security will be based on blockchain data-driven
Bitcoin and crypto market crash over the past couple of days saw nearly $500 billion getting wiped out of the crypto market cap as major cryptocurrencies fell over 30%. The Wednesday crash brought back memories of last year’s March mayhem when Bitcoin and altcoins fell over 50% in a single day. The market mayhem led
Chainalysis, one of the leading crypto data analytic firm has raised $100 million in a new funding round taking its valuation to $2 billion doubling from its earlier valuation of $1 billion just four months ago. The funding round was lead by crypto-focused venture capital firm Paradigm and saw investment from billionaire Marc Benioff, the
After Ethereum’s rising fees due to DeFi boom, now Tether surpasses the 7-day average adjusted transfer value on Bitcoin. Another report by Chainalysis on the east Asian markets shows considerable institutional interest in cryptocurrencies. As reported earlier on CoinGape, stablecoins and Ethereum have come at par with (even surpassed) Bitcoin [BTC] in terms of volume of
How about a $2,650,859.80 fee to send $86,964.50? It seems absurd but this sometimes happens. And there are many cases especially in the crypto realms where a user “mistakenly” pays a premium to send minuscule amounts. But this time around, things are a little bit different, even startling. Is This A Hack? First went the
Chainalysis, the blockchain analysis company, announced its partnership with Paxful, a global, peer-to-peer (P2P) Bitcoin marketplace, which is raising the bar for compliance standards for P2P exchanges. Paxful uses Chainalysis KYT (Know Your Transaction) to monitor its platform’s cryptocurrency transactions in real-time and Chainalysis Reactor to build investigations when it detects suspicious activity. Together, these
Bitcoin and blockchain technology is quickly spreading across all industries with special interest by financial firms in emerging technology. A recent report shows close to half of all professionals in the financial industry believe Bitcoin (BTC) will outperform the S&P 500 in the next year. Furthermore, traditional finance professionals say illicit activities and lack of
Bitcoin [BTC] rose to popularity in its early days mainly attributing to its use on the silk road. The anonymous currency was perceived as the choice exchange for conducting illicit activities. However, the KYC and AML laws, along with strict surveillance, have reduced its use in illegal activities considerably. So much so, that recent analyses
Chainalysis, a blockchain crime-fighting firm has expanded its blockchain watchdog operations to educating banks, governments, and other financial institutions in the understanding of core blockchain security measures and safety precautions. The New York-based blockchain firm was set up to detect cybercrimes on the blockchain and has been doing that for about three years. As one
On-chain data reveals that Tether (USDT) has seen the highest demand ever in 2019 in terms of transaction volume. However, 60% of these transactions come from China alone, according to data from Chainalysis. This number is nearly double the on-chain transactions from China in 2018 during the Bear market and is still on the rise.
A recent report released by Chainalysis has caused a bit of a stir in the cryptocurrency markets. According to their estimate, the ‘whale’ wallets of Bitcoin and Ethereum holds coins worth $35 billion at current prices. The number of whale wallets identified on Bitcoin and Ethereum was 448 and 396 respectively. No. of Bitcoins held
Chainalysis is a US-based start-up that aims to build trust in blockchain by implementing its Blockchain Intelligence Platform software with Financial Institutions, Cryptocurrency Exchanges, and even the Government. On 24th April 2019, the firm announced the addition of four new cryptocurrencies to its Know Your Transaction (KYT) initiative, the firms anti-money laundering service. Those are
A new report released by blockchain research firm Chainalysis has revealed that the value of ether extracted by crypto scammers in 2018 was more than twice the amount harvested in 2017. According to the report, cybercriminals made away with $36 million worth of ether through various swindles in 2018, as against $17 million in 2017.
A presence of BTC whale in the crypto market is always associated with either huge pumps or dumps depending on the whale does. Every time a whale move is associated with price manipulation. Well, this usual notion regarding BTC whales is about to change as according to new data from Chainalysis, has revealed that bitcoin whales
For over past 24 to 48 hours Bitcoin has stayed between the range of $6,400 to $6,750, showing good consolidative support at around USD 6500. Over past week the coin has been fairly around USD 6500 and hasn’t breached the support significantly even when altcoins have bee volatile around it. This sudden dip in volatility,