Chainalysis, a blockchain analysis firm, has been appointed as a council member of Digital Asset Lab. The firm will use its expertise to assist Emirates NBD’s lab in understanding market trends and client needs. The Digital Asset Lab’s objective is to comprehend how Emirates NBD’s customers can utilize digital assets and the associated technology. Leveraging…
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According to Chainalysis’ “Crypto Spring Report,” stablecoin adoption and market importance are seeing a rapid increase in 2024, with a significant rise in the number of addresses holding them and their use in on-chain transactions, making them a global financial asset. Legislation efforts in the U.S., such as the Lummis-Gillibrand Payment Stablecoin Act, aim to…
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Jim Lee, a 29-year veteran of the United States government with a significant tenure as the chief of the Internal Revenue Service’s (IRS) Criminal Investigations team, has transitioned to a new role at cryptocurrency analytics firm Chainalysis. In an announcement on April 8, Chainalysis revealed that Lee has joined the company as its global head…
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Global crypto gains reached $37.6 billion in 2023 following severe losses in 2022, blockchain intelligence firm Chainalysis revealed in a new report released Thursday. U.S. Leads The Way In Total Crypto Gains For 2023 According to the organization’s latest research, the total represents a “significant recovery” from the nearly $127.1 billion in cumulative losses in…
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Privacy coins are fuelling the proliferation of child sexual abuse material (CSAM), according to Chainalysis’s 2024 Crypto Crime Report. The report highlights crypto’s growing role as legal tender among dark web vendors of CSAM. Like other things listed on the dark web, CSAM is often bought and sold with Bitcoin. However, the privacy coin Monero…
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Chinese investors are increasingly putting part of their portfolios in cryptocurrency due to the state of the national stock market. According to reports, investors are using exchanges like Binance or Okx, or Hong Kong local exchanges, to purchase crypto using payment methods like Alipay and Wechat, even when cryptocurrency is banned in the Chinese mainland.…
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KPMG in Canada and Chainalysis have entered into a strategic partnership aimed at strengthening efforts against crypto asset fraud. This alliance, marking KPMG’s entry into the Chainalysis Solution Provider program, is focused on providing enhanced monitoring and risk management tools for cryptocurrency exchanges, financial institutions, and government agencies. The announcement on Wednesday details that the…
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Tether has announced the “largest-ever freeze of USDT in history.” In collaboration with crypto exchange Okx, Tether froze $225 million in USDT following an investigation by the U.S. Department of Justice (DOJ). The tokens were allegedly linked to an international human trafficking syndicate in Southeast Asia responsible for a global “pig butchering” crypto scam. $225M…
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Source: MyCreative/Adobe Cryptocurrency adoption is experiencing a significant surge in South and Central Asia, driven by the emergence of real-world use cases, according to blockchain intelligence firm Chainalysis. During a recent webinar discussing the Chainalysis 2023 Geography of Cryptocurrency report, Chengyi Ong, head of APAC policy at Chainalysis, mentioned the growing use of digital assets…
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According to a recent report by blockchain intelligence firm Chainalysis, North America is leading the world in crypto usage, with the United States driving the lion’s share of activity. The region boasted a transaction volume exceeding $1 trillion between July 2022 and June 2023, which includes a notable contribution from Canada. In all, North America…
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