Inaccurate methodologies have resulted in overstated metrics about the use of cryptocurrency by terror groups fighting Israel, according to Chainalysis. The analytics company has tried to “correct the record” on crypto’s role in terrorism financing amid ongoing hostilities in the Middle East. Terrorism Financing Is a Small Portion of Already Small Illicit Crypto Volume, Says…
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Blockchain analytics firm Chainalysis has raised concerns over the accuracy of recent reports regarding the extent of cryptocurrency’s role in terrorist financing. Following the recent Hamas attack in Israel, there has been increased scrutiny of how terrorist groups might be utilizing cryptocurrency for their funding. … Read More: Chainalysis Highlights Flawed Analysis in Assessing Crypto’s Role…
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The digital asset ecosystem in Europe expands as institutions broaden their services to decentralized finance (DeFi) amid market turmoil. A new market report released by on-chain analytics from Chainalysis shows industry growth in Central, Northern, and Western Europe (CNWE) as well as the United Kingdom’s (UK) dominance in its jurisdiction and the effects of the…
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Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Venezuela and Argentina use crypto uniquely, according to Chainalysis; the Brazilian Congress recommends indicting Binance CEO Changpeng Zhao, and the Argentine peso keeps falling to record lows.
Chainalysis: Argentina and Venezuela Present…
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According to Chainalysis, Latin American crypto users significantly prefer centralized exchanges, in contrast to the rest of the world. According to a recent report from blockchain analytics firm Chainalysis, Latin America has an inclination toward centralized exchanges (CEXs) over decentralized exchanges (DEXs) compared with the rest of the world. Published on Oct. 11, the report stated that…
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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…
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The Office of Foreign Asset Control (OFAC) under the Treasury has released an updated version of the specially designated nationals (SDN) list, featuring multiple alleged fentanyl traffickers from China along with their associated cryptocurrency addresses. These highlighted crypto addresses are connected to decentralized networks such as Bitcoin, Ethereum, and Tron. OFAC Targets Chinese Fentanyl Traffickers;…
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Although Eastern Asia – once a top market – has seen a decline in crypto activity over the past several years, Hong Kong may provide the region with “a potential tailwind,” according to research firm Chainalysis. While Hong Kong is rising as a global leader in the regulated digital asset market, it’s still unclear what…
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A recent report from Chainalysis suggests that Hong Kong could play a significant role in reviving crypto activity in the East Asian region, which has faced challenges due to a China-wide ban on crypto trading activities since 2019…. Read More: Hong Kong’s Crypto Advancements Could Boost East Asian Crypto Activity, Says Chainalysis Report Read more…
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The Chainalysis workforce will be reduced by around 150 as the bear market bites deeper. Blockchain analytics firm Chainalysis has reduced its headcount by another 15% this week, citing the need to reduce expenses due to continued bear market blues. On Oct. 3, Chainalysis confirmed to Cointelegraph that it had made the difficult decision to…
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