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.