Chainalysis

Mirror Trading International Named Biggest Crypto Scam of the Year After Raking in $589 Million

<div class=”featured_image_container”> </div> <strong>Blockchain analysis firm, Chainalysis’ latest crime report has named Mirror Trading International (MTI) as the biggest cryptocurrency scam of 2020. Chainalysis arrived at this conclusion after an investigation found that MTI had taken in $589 million from more than 471,000 deposits. According to the report, MTI’s haul is significantly higher than that …

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International Operation Disrupts Ransomware Group Netwalker by Tracing Cryptos With the Help of Blockchain Analysis

<div class=”featured_image_container”> </div> <strong>In collaboration with Bulgarian authorities, the U.S. Department of Justice (DOJ) disrupted a well-known ransomware gang’s infrastructure. Law enforcement seized their servers and traced the illicit funds with the help of blockchain forensic analytics via Chainalysis.</strong> US Authorities Seized Over $454,000 Worth of Cryptocurrencies Per the U.S. Department of Justice’s announcement, the …

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Crypto Crime Fell Sharply to Only 0.3% of All Cryptocurrency Activity in 2020

<div class=”featured_image_container”> </div> <strong>A study by blockchain analytics firm Chainalysis finds that cryptocurrency-related crime has fallen significantly. The criminal share of all crypto activity fell to just 0.34% in 2020. This contradicts recent statements by U.S. Treasury Secretary nominee Janet Yellen and ECB President Christine Lagarde that cryptocurrencies are mostly used for illicit financing. </strong> …

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French Programmer Sent Bitcoin Donations to Far-Right Activists Who Participated in the US Capitol Riots

<div class=”featured_image_container”> </div> <strong>A crypto forensic analysis reveals that a French donor sent over $500,000 worth of bitcoin (<a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener”>BTC</a>) to far-right activists in the United States. The half-million dollars went to the groups that took part in the pro-Trump riots in the U.S. Capitol.</strong> Alt-Right Personalities and Websites Are Included on …

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Alt-Right Groups Received $500K in BTC Month Before Capitol Riot: Chainalysis

Alt-right extremist groups and a handful of personalities linked to last week’s storming of the U.S. Capitol building received a bitcoin donation worth about $522,000 one month before the D.C. siege, according to crypto tracing firm Chainalysis. Chainalysis explained in a Thursday blog post that an unnamed French blogger sent 28.15 BTC to 22 wallets …

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Research Suggests Bitcoin Buying Ramps Up When Traditional US Markets Open

<div class=”featured_image_container”> </div> <strong>While bitcoin and a number of digital assets set new 2020 price highs, a variety of crypto-asset commentators have detailed that since October, there’s been a lot of bitcoin buying action during U.S. market hours. Data shows that between East Asia and North America, the two regions account for close to half …

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Darknet Markets Face Headwinds After Year of Mixed Results

Darknet markets are having a rough 2020. COVID-19 has wreaked havoc on all shipping-centric industries, drug sellers included. Criminologist Andréanne Bergeron estimates that only 21% of darknet market transactions resulted in on-time deliveries during the height of pandemic lockdowns in the spring. But the virus only accounts for part of their pain. According to crypto …

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Analysts: Institutional Investor Interest Fueling BTC Rally, Liquidity Crunch Narrative Debunked

<div class=”featured_image_container”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/411174″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”https://scoreit.online/wp-content/uploads/2020/11/daw_1456x360-50.jpg” alt width=”1456″ height=”360″></a></div><strong>Crypto analysts are pushing back against the narrative that the current <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a> rally is being fuelled by a liquidity crunch afflicting bitcoin mining pools in China. The liquidity crunch, which is caused by …

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Bitcoin price doubles since the halving, with just 3.4M Bitcoin left for buyers

The price of BTC has more than doubled since the Bitcoin’s third block reward halving in May. Or to be precise, BTC has gained 110% since the halving, with prices rallying from $8,566 on May 11, 2020 to test $18,000 as of this writing. According to a Nov. 19 report from crypto analytics firm Chainalysis, …

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Chainalysis Launches Program to Store and Sell Seized Crypto Assets for Governments

<div class=”featured_image_container”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/422919″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”http://scoreit.online/wp-content/uploads/2020/11/lottery-new-bn-2.jpg” alt width=”728″ height=”180″></a></div><strong>The blockchain intelligence and surveillance company Chainalysis revealed the launch of a new program that aims to help governments and insolvency practitioners sell seized cryptocurrencies. The news follows the recent U.S. government seizure of more than 69,000 <a …

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