Tag: Chainalysis

According to the Chainalysis report, crypto-based crime hit an all-time high in 2021, with illicit addresses receiving $14 billion over the year, up from $7.8 billion in 2020. Janey Young, the head of Global Investigations at Chainalysis, explained how blockchain analytics can help combat cryptocurrency crime in the UAE. The last 12 months have been…

A new report from the analytics firm Chainalysis said that illicit addresses received a record $14 billion worth of crypto in 2021, which is more than 79% higher than the $7.8 billion stolen in 2020. On the other hand, the report said that crime is becoming a smaller and smaller part of the crypto ecosystem….

Nearly $41 billion worth of cryptocurrency was sent to NFT marketplaces and collections from the beginning of 2021 through mid-December, according to a new estimate from blockchain analytics firm Chainalysis. NFTs are now inching closer and closer in value to the traditional art market.   By the end of 2021, the marketplace for non-fungible tokens…

Over $7.7 billion was stolen in crypto scams worldwide in 2021, or an 81% rise compared to 2020, the Chainalysis report said. Including rug pulls in the DeFi ecosystem accounted for over $2.8 billion stolen, or 37% of all cryptocurrency scam revenue, compared to 1% the year before. According to a new report by blockchain…

Robinhood will be partnering with crypto tracing firm Chainalysis to get data and tools for trading in advance of the app launching its crypto wallet. The trading app will adopt Chainalysis’ monitoring compliance solution Know Your Transaction and the Chainalysis Reactor, its investigations software, to meet compliance requirements. On Monday, Chainalysis announced the integrated partnership…

Cryptocurrencies, “the digital age money”, are commonly associated with the most advanced technologies and other features of a modern developed country. However, the reality of their mass adoption indicates quite the opposite: crypto is mostly in demand in poor countries with weak economies. Other countries in the Chainalysis ranking – Kenya, Nigeria, Venezuela, Togo, and…