Ripple co-founder Jed McCaleb sold $400 million worth of XRP in 2020

Ripple co-founder Jed McCaleb appears to have enjoyed a prosperous 2020, having sold more than $400 million worth of XRP over the last 12 months. Stellar CTO and Ripple architect Jed McCaleb cashed out a whopping $411 million in XRP in 2020, according to an updated report from blockchain analytics account Whale Alert.  McCaleb sold 1.2 billion XRP throughout the year at an average price of $0.34 per coin — amassing close to half a billion dollars.

$2.3 Billion Liquated on Crypto Exchanges as Bitcoin Price Crashes By $5.4k In Minutes

According to Glassnode blockchain analytics, the crypto sector lost around $110 billion in marketcap because after $2.3 billion in crypto was sold off, crashing BTC by $5,000.

Proposed FinCen Rule on Crypto Wallets Would Likely Be Ineffective, Elliptic Says

In its public response to the US Treasury Department’s proposed rule, the blockchain analytics firm has argued that they are likely to be ineffective and counterproductive.

How confident are bankers about detecting crypto-related payments?

Only 22% of bankers and financial investigators feel confident detecting crypto-related payments, according to blockchain analytics and cryptocurrency intelligence company - CipherTrace. During a w The post How confident are bankers about detecting crypto-related payments? appeared first on AMBCrypto.

Quant Analyst Says Crypto Whale Activity Not Looking Good for Bitcoin

With many Bitcoin bulls and hodlers feeling vindicated after the rally to above $19,000 this year, the CEO of blockchain analytics firm CryptoQuant says whale activities are decidedly bearish.

Illegal Bitcoin use is down, but privacy wallet laundering is up, says analytics firm

2020 has apparently been the year of privacy wallets, as more exchanges onboard KYC requirements. Elliptic, a leading firm in blockchain analytics, has found major shifts in recent trends in illicit crypto usag Per the firm's Dec.

Phishing Attack Poses as Ethereum Wallet MetaMask

Blockchain analytics firm CipherTrace has identified an uptick in posts about a malicious version of MetaMask.

Ripple XRP’s Skyrocketing Price Performance Is Attributed to One Key Factor, Says Blockchain Analytics

XRP is all the rage lately, making headlines due to its relentless surge.

Ripple Whale Moves 40 Million XRP to Bitstamp Crypto Exchange After Being Dormant for Years

Blockchain analytics picked up an unusual Ripple transfer of 40 million XRP.

DOJ ‘Overlooked’ USD 500k in Forked Crypto in Bitcoin Bust

American law enforcers may have made a slip-up that has left thousands of dollars’ worth of forked cryptoassets sitting around in wallets – potentially still within the grasp of at-large darknet criminals. Per a blog post from a blockchain analytics firm and anti-money laundering solutions provider named Coinfirm, the case is linked to the seizure earlier this month of

Chainalysis Valued at Over $1 Billion after Raising $100 Million to Expand Regulatory Platform As Crypto Market Surges

Blockchain analytics firm, Chainalysis, announced yesterday that it has secured a $100 million Series C financing bringing the company’s valuation to over $1 billion.

Blockchain Analytics Firm Looks to Trace Monero (XMR) Transactions

Monero (XMR) has been one of the main privacy technologies in the crypto space for many years now.

CipherTrace Developing Methods to Track Monero Transactions, Files Two Patents

Blockchain analytics firm CipherTrace is developing tools to track Monero (XMR) transfers as the company files two patent applications in less than two years.

Law Enforcement Agencies Are Missing Forked Cryptos in Criminal Seizures: Research

Blockchain analytics company Coinfirm said authorities are "ignoring" criminals' stockpiles of cryptocurrencies that forked from bitcoin.

3.4m Bitcoin Available As First-Time Buyers Lead This Rally

3.4m bitcoin (BTC) readily available to buyers as demand increases, blockchain analytics specialist Chainalysis said, noting that first-time BTC buyers and buyers looking to unload fiat currency for BTC as a hedge against worrisome macroeconomic trends are responsible for much of the current demand. According to the company, right now, the amount of liquid, or trader-held

Chainalysis: 2020 Is The Year of The Institutional Bitcoin Investor

Chainalysis recently released an article titled “Why Bitcoin is Surging and How This Rally Is Different from 2017 (Hint: It’s Who’s Buying).” The blockchain analytics firm referenced Bitcoin’s amazing run of form, in which the leading cryptocurrency has gained 150% in value since the start of 2020.

Crypto Recovery Lawyer David Silver Joins Coinfirm’s US Board

The noted attorney will help defrauded investors recover their wrongfully taken cryptocurrencies as a member of Coinfirm's board in the US

Hackers, Scammers Have Stolen $7.6B in Crypto Since 2011

Billions of dollars have been stolen through exchange hacks and scams, according to a new report from blockchain analytics firm Crystal Blockchain.

‘Digital Mercenaries’: Why Blockchain Analytics Firms Have Privacy Advocates Worried

Blockchain surveillance highlights the tension between further crypto transparency that encourages wider adoption and its cypherpunk roots.

Bitcoin Outperformed by Ethereum But Still Has More Holders Profiting

Source: Adobe/stockphoto-graf Even though bitcoin (BTC) was outperformed by several major coins in the past year, including ethereum (ETH), there are still more BTC holders 'in the money.' This information is provided by the set of tools, developed by blockchain analytics firm Into The Block.

PayPal-Backed Blockchain Analytics Firm Hires Former US Treasury Adviser

TRM Labs, a blockchain analytics firm with backing from PayPal, is adding Ari Redbord as its head of legal and government affairs.

CipherTrace Life Hack for Criminal Investigations: How to Know if Cryptocurrency Was Utilized

CipherTrace blockchain analytics firm has revealed guidelines that could help law enforcement identify that cryptocurrency was used for illicit activities.

Elliptic announces support for Singapore Dollar-backed stablecoin - XSGD

Elliptic, the crypto-asset risk management and blockchain analytics platform, announced today that the Singapore dollar-backed stablecoin, XSGD, has been added to its crypto-risk monitoring solutions The post Elliptic announces support for Singapore Dollar-backed stablecoin - XSGD appeared first on AMBCrypto.

Open sesame: Will ‘cracking’ Monero reveal treasure or fool’s gold?

Three blockchain analytics firms reportedly have Monero-tracking abilities, which could affect XMR price — but can anyone actually track it? Recently, the United States Internal Revenue Service caused a stir in the crypto community when it put a bounty on the head of anonymity-focused crypto-asset Monero (XMR), offering $625,000 to anyone who could effectively track the purportedly untraceable asset.

CipherTrace Outlines Regulatory Gray Zones Plaguing Booming DeFi Sector

Here's how blockchain analytics firms like CipherTrace and Elliptic are viewing DeFi and DEXs after the KuCoin hack.

EY Blockchain Analyzer Adds Explorer and Visualizer Solution to OnChain Data Investigator

Big-four accounting and auditing firm Ernst and Young has enhanced its blockchain analytics tool, the Explorer and Visualizer solution to investigate on-chain data (Read More)

Small value crypto transfers in Africa have increased by 55%

Africans are turning to cryptocurrencies to avoid high fees and currency instability, with transfers to and from the continent increasing 55% over the last year. Africans are increasingly turning to cryptocurrencies as a means of exchange over local fiat currencies, according to a new report from blockchain analytics firm Chainalysis. Data from the firm shows that many locals individuals and businesses are using cryptocurrencies to avoid high fees, regulatory complications, and currency instability.

Bitcoin's Hash Rate Reaches Even Greater Heights

Data from blockchain analytics firm Glassnode shows the cryptocurrency’s hash rate has broken a new record.

QuadrigaCX Users’ Law Firm Launches Blockchain Analytics Investigation

Miller Thomson, the law firm representing QuadrigaCX's former users, has hired Kroll and Coinfirm to conduct blockchain sleuthing services.

Latin America sends a ton of crypto to Asia, and vice versa

Latin American companies are looking towards crypto as an escape from the banking system. New York-based blockchain analytics firm Chainalysis has published new research highlighting there have been up to 200,000 crypto transactions in the past year, worth more than $1 billion between Latin America and Asia. The study Latin America Mitigates Economic Turbulence with Cryptocurrency, analyzed crypto trends in Latin America between July 2019, and June 2020, and shows that banking access issues and the need for remittances are driving unique patterns of cryptocurrency usage, especially in crossborder commercial-related transactions. While North America and Western Europe are the biggest source of fiat remittances to Latin America, East Asia transactions lead the way in the volume of crypto transactions.

$50,000,000,000 in Bitcoin and Cryptocurrency Flowing Out of China: Report

More than $50 billion worth of cryptocurrency fled China-based wallets in the past 12 months, according to the blockchain analytics firm Chainalysis.

Tether Could Be Enabling Capital Flight From China, Says Chainalysis

The East Asia crypto market has reacted fast to news of Beijing’s national digital currency and regional economic tumult. Cryptocurrencies — and Tether (USDT) in particular — could be playing a key role in recent capital flight from China, according to a new report from blockchain analytics firm Chainalysis. The report states that over 44% of crypto transactions in East Asia are conducted with counter-parties within the region, making it “the closest we have to a self-sustaining market” in the industry. However, over the past 12 months, East Asia’s relative share of global crypto activity has begun to decline, with over $50 billion worth of cryptocurrency leaving China.

Blockchain Analytics Firm Elliptic Extends Monitoring Solutions to Cover Binance Chain and BNB

Blockchain analytics firm Elliptic recently extended its crypto risk monitoring solutions today by adding the Binance Chain and Binance Coin (BNB).

Russian Financial Crime Agency Plans AI Tool to Link Crypto Transfers to Users

Russia's anti-money laundering agency Rosfinmonitoring has already built a prototype blockchain analytics tool, according to a report.

Blockchain Analytics Show Altcoins 2x More Prominent in East Asia Compared to North America

On August 6, the blockchain intelligence firm Chainalysis published a report that analyzes cryptocurrency trends across various regions worldwide.

Here’s Where the Earliest ETH Ever Mined Ended Up 5 Years Later

Coinfirm details what happened to the first mined Ethereum after the asset's launch in 2015. Ethereum, a household name in the crypto industry, fired up its network on July 30, 2015, but what happened to the first ETH coin ever mined all those years ago? Blockchain analytics and Anti-Money Laundering company Coinfirm found out.  “Another great example of the many benefits of blockchains such as Ethereum compared to the traditional space, we can see and understand the literal creation of value and how it moves," Coinfirm co-founder and CMO Grant Blaisdell told Cointelegraph, adding, "In a time where fiat printing by central banks and other major elements are absolutely unknown to the people and businesses effected by it.” *Image courtesy of Coinfirm. The fist mined ETH coin came into existence five years back   Ethereum's inaugural mined block attributed to the following address: 0x05a56e2d52c817161883f50c441c3228cfe54d9f, Coinfirm data showed.

SEC To Regulate Binance Chain With Blockchain Analytics Firm CipherTrace

The US Securities and Exchange Commission plans to award CipherTrace blockchain analytics firm with a contract pertaining to Binance Chain.

SEC eyes crypto tracing software that tracks Binance Chain

The US Securities and Exchange Commission plans to give blockchain analytics firm CipherTrace the contract by tomorrow.

Blockchain Analysis Firm Chainalysis Launches Free Website for Tracking Crypto Markets

The blockchain analytics firm Chainalysis is launching Market Intel, a new website that tracks the health and growth of the crypto space.

Crypto Scammers Steal $381 Million in 2020, While Twitter Hackers Direct Funds to Mixers

Cryptocurrency related scams have taken a total of $381 million from victims so far this year.

Chainalysis Widens Access to Its Blockchain and Crypto Certification Program

Chainalysis is expanding access to its Chainalysis Cryptocurrency Fundamentals Certification program to the wider community. New York-based blockchain analytics firm Chainalysis is extending access to its certification program in crypto fundamentals to the wider professional community. Announced on July 23, the company said that its Chainalysis Cryptocurrency Fundamentals Certification (CCFC) would from now on be open to professionals in the financial services sector, government employees and the wider enterprise community.  Previously, the course had been limited to clients using Chainalysis’ investigations and compliance products.  As one of the higher-profile analytics firms in the blockchain intelligence industry, Chainalysis develops investigative tools that enable firms, governments and law enforcement agencies to monitor blockchain transactions and track suspected illicit activities. The CCFC program has been designed to provide participants with an industry credential and give them a foundational knowledge of cryptocurrency technology, an understanding of key stakeholders in the field, use cases and the functions of cryptocurrency in relation to the traditional financial system.  A new cohort of crypto professionals The CCFC course offers two days of training — web-based for now due to the coronavirus — that are centered on group discussions, practical exercises and case studies.

CipherTrace Says It Can Instantly Flag Shady Transactions With Predictive Risk Scores

The blockchain analytics firm claims its new system respects crypto users’ privacy while also flagging suspect transactions

Stolen Bitcoin from Twitter hack is already being laundered: report

Blockchain analytics firm Elliptic reports that roughly 22% of the $120,000 worth of Bitcoin stolen in Wednesday’s Twitter hack has been sent to a Wasabi wallet.

Twitter Hackers Caught Using BitPay and Coinbase on Hack-Related Wallet

The Twitter hackers had used one of the addresses involved, which shows transactions to BitPay and Coinbase. The Twitter hackers who compromised more than a dozen celebrity accounts on Wednesday appear to be consolidating their funds to an address that had earlier sent money to BitPay and Coinbase. According to research from Whitestream, a blockchain analytics company, three transactions originating from the “1Ai5” address lead to wallets associated with Coinbase and BitPay, both of which provide merchant solutions.

Brian Armstrong Explains Why Coinbase Is Selling Crypto Analytics Software to US Government

Coinbase founder and CEO Brian Armstrong says he wants to clear the air on why his company is selling blockchain analytics software to the US government.

Coinbase CEO Defends Decision to License Analytics Platform to US Secret Service

CEO of Coinbase Brian Armstrong sold his blockchain analytics software to US Secret Service, and addressed any worries investors might have concerning privacy issues.

US Dept of Homeland Security Buys Analytics Software From Coinbase

Coinbase is selling its blockchain analytics software to the US Department of Homeland Security and the US Secret Service.

Coinbase Awarded Contract to Provide Crypto Analytics Software to US Secret Service

Coinbase has received a multi-year contract to provide its blockchain analytics software to the US Secret Service.

How Did Basic Attention Token (BAT) Become the Most Used DeFi Token?

As Compound conquered the DeFi space and its COMP token rallied, Basic Attention Token saw an abnormal surge in its trading volume and price. According to recent research from blockchain analytics firm Flipside Crypto, Brave’s Basic Attention Token (BAT) became the most used ERC-20 token in the decentralized finance (DeFi) sector from June 19 to July 2.

Bitcoin Whale Population Growth Might Be A Mirage

Despite a recent increase seen in the number of bitcoin (BTC) “whales,” much of this may be a result of already large holders taking their coins off exchanges, a new report from blockchain analytics firm Glassnode suggested. “Much of the recent increase in the number of whales can be explained not by new money, but rather by existing wealthy entities withdrawing

Elliptic Follows Chainalysis in Adding Zcash to Monitoring Platform

Elliptic, the blockchain analysis company, has added privacy coins zcash and horizen to its monitoring platform.