Blockchain forensics firm Chainalysis is shedding a chunk of its workforce, the second time it’s doing so within this year. The news comes in a difficult period for the whole industry which saw a number of such moves in 2023, against the backdrop of a persistent bear market and increased regulatory pressure. Crypto Analytics Company […]
Since his arrest in April 2021, Roman Sterlingov, the alleged operator of the crypto mixing service Bitcoin Fog, has been defending his claimed innocence for more than two years. Recent court filings indicate Sterlingov’s legal team is challenging the Reactor software from Chainalysis, which was presented as evidence in the case. Sterlingov’s attorney contends that […]
Blockchain data analytics firm Chainalysis has finalized its latest Global Crypto Adoption Index. India, Nigeria, and Vietnam hold the top three positions, followed by the U.S., Ukraine, Philippines, and Indonesia. “The Central & Southern Asia and Oceania (CSAO) region dominates the top of the index, with six of the top ten countries located in the […]
Officials in law enforcement from Lethbridge, situated in the province of Alberta, Canada, have unveiled that the Lethbridge Police Service (LPS) is now utilizing Chainalysis blockchain forensics software. According to local reports, LPS has acquired the capacity to trace cryptocurrency transactions, enabling them to ascertain the locations where the funds have been deposited. Lethbridge Police […]
Cryptocurrency-related crime is down significantly this year, according to data by Chainalysis. Specifically, the blockchain analytics firm explained that crypto inflows to known illicit entities are down 65% compared to the previous year while inflows to risky entities are down 42%. Crypto Crime Down ‘Significantly’ This Year Blockchain analytics firm Chainalysis released its mid-year update […]