Elliptic Blockchain

How Anti-Money-Laundering Rules Hinder Libra's Mission to Reach the Unbanked - CoinDesk

A "step-ladder" approach to know-your-customer (KYC) rules could help the Libra stablecoin reach those disconnected from the financial system.

US Army Solicited Blockchain-Forensics Cloud-Service Contractors This Summer

The US Army's Contracting Command (ACC) division in New Jersey took proposals this summer from providers of cloud-based blockchain forensics services. Blockchain forensics is a relatively new field that involves creating tools for the monitoring, tracing, and scraping of data from cryptocurrency networks like Bitcoin

Crypto monitoring firm Elliptic raises $23m

Cryptocurrency surveillance firm Elliptic has secured $23m of investment to fund its ongoing expansion in Asia

Cryptocurrency AML software vendor Elliptic gets $23 million in funding

The company sees increasing consumer demand for cryptocurrency, especially in Asia, and gradual acceptance among financial institutions.

Elliptic Raises $23 Million in Funding Round Led by SBI Holdings

Cryptocurrency compliance company Elliptic raises $23 million in a funding round led by SBI Holdings, among other companies.

Crypto Sleuthing Firm Elliptic Raises $23 Million in Fundraise Led by SBI - CoinDesk

Blockchain forensics firm Elliptic has raised $23 million in Series B round led by Tokyo-based financial institution (and XRP holder) SBI.

BTC-e’s Vinnik Case Drags on as New Accusations Continue Emerging

Vinnik appears to be a “strategic intellectual resource” following extradition requests from multiple countries and alleged ties to an elite Russian cyber-espionage unit.

Why Is the US Not Yet a Leader in Crypto Regulation? — Experts Answer

Elliptic Launches Data Set to Identify Crypto Money Laundering

Cryptocurrency compliance company Elliptic has released the Elliptic Data Set geared toward identifying cryptocurrency transactions associated with money laundering.

MIT's AI Lab Analyzed 200,000 Bitcoin Transactions. Only 2% Were 'Illicit' - CoinDesk

Blockchain analytics firm Elliptic collaborated with researchers from MIT to analyze $6 billion worth of bitcoin transactions.

Perverse Outcomes: FATF, Bitcoin and Financial Exclusion - CoinDesk

How do we break a vicious cycle of KYC and financial exclusion? The answer may lie in blockchain technology’s own capacity to track transfers.

US Treasury Secretary Mnuchin Thinks Outlook for Bitcoin Is Bleak - CoinDesk

Secretary Steven Mnuchin said, "I will personally not be loaded up on bitcoin in 10 years.”

Binance Cuts Time Needed for BTC, ETH Deposits and Withdrawals - CoinDesk

Binance has just cut the number of block confirmations needed to make withdrawals and deposits in two top cryptocurrencies.

Monero Developers Defend Their Cryptocurrency Against Allegations of Criminal Use

The development team behind the 'privacy coin' Monero has taken exception to a Reuters report profiling the coin and highlighting its use by criminals. 'For a story that 'examines the features and characteristics of some of the alternatives to Bitcoin that have grabbed the attention

Crypto Exchange Binance Confirms Margin Trading Coming 'Soon': Report - CoinDesk

Binance has told TechCrunch it's launching margin trading "soon," after the crypto exchange accidentally revealed the service in a tweeted image.

Binance CEO Reveals New Details of 'Damaging' $44 Million Bitcoin Hack

By CCN: On May 10, Changpeng Zhao, the CEO of Binance, the world’s largest crypto exchange, released a security incident update regarding the firm’s loss of 7,000 bitcoin. Following the high-profile security breach of the exchange

Crypto Valley Regulatory & Policy Working Group Task Force Publishes Recommendations Addressing FATF Virtual Asset Statement

Last February, the Financial Action Task Force (FATF) issued a statement on 'virtual assets' recognizing the need to mitigate risk associated with money laundering and terrorist financing when it comes to cryptocurrency. The 'draft interpretive note' regarding a segment on pending recommendations was open for

Binance Unveils Latest Compliance Partnership Targeting Anti-Money Laundering

The third deal in six weeks for Binance sees the platform attempt to make its regulatory stance watertight amid expansion.

Binance's Compliance Drive Continues With New Elliptic Partnership - CoinDesk

Binance has partnered with blockchain analytics startup Elliptic to combat money laundering as it continues to expand.

Hamas Sophisticating Its Bitcoin Donations System

Israeli civic-defence groups have been sounding the alarm since January that the militant Palestinian-liberation organization Hamas has started raising funds via Bitcoin. And while donations of Bitcoins to Hamas so far pale in comparison to the millions of dollars Hamas is believed to receive from

Cryptocurrency Forensics Firm Chainalysis Adds Tracking of Four 'Stable Coins'

Chainalysis, an American company at the forefront of cryptoforensics (cryptocurrency transaction investigation), says it has added tracking of four 'stable coins' to the suite of coins its 'KYT' software can monitor. Chainalysis says its KYT (Know Your Transaction) software has already been being used by,

Hamas Plays Whack-a-Mole Crypto Wallet While Raising $7,400 in Bitcoin

By CCN.com: The military wing of Hamas, Izz el-Deen al-Qassam Brigades, is upping its crypto game by soliciting bitcoin in a bid to deter tracking. With its crowdfunding operation using cryptocurrencies having attracted undue attention, Izz

Report: Hamas’ Militant Wing Using Multiple BTC Wallet Addresses to Elude Authorities

The militant arm of Hamas is reportedly using increasingly complex measures to frustrate authorities’ attempts to track the flow of its cryptocurrency financing.

Blockchain Intelligence Firm Chainalysis Expands Monitoring Tools to Cover 10 Cryptos

New York-based blockchain compliance firm Chainalysis has expanded its real-time transaction monitoring services.

Blockchain Forensics Firm CipherTrace Issues Statement in Response to #DeleteCoinbase Campaign

CipherTrace, a 'blockchain forensics' firm that provides law enforcement and other clients with real-world data on cryptocurrency transactions, has issued a statement assuring the public that it does not sell data it obtains during the course of business to any third parties. The statement comes

Coinbase Now Says It Never Shared 'Personally Identifiable' Customer Data - CoinDesk

The Coinbase reputation crisis continues, this time with questions related to how the company plans to use customer data.

Blockchain Analytics Firm Chainalysis Outlines User Data Policy Amid Coinbase Allegations

Blockchain analytics firm Chainalysis has published a statement clarifying that it does not collect or sell users’ personal data when it provides its services to cryptocurrency exchanges.

Coinbase Now Says It Never Shared 'Personally Identifiable' Customer Data - CoinDesk

The Coinbase reputation crisis continues, this time with questions related to how the company plans to use customer data.

Coinbase Technology Partner Refutes Alleged Collection, Sale of User Data to Third Parties

Elliptic has refuted allegations that it collects and sells clients’ user data to third parties for financial gain.

Coinbase CEO: Ex-Hacking Team Neutrino Members Will Transition Out of Company Roles

Brian Armstrong says that Neutrino staff with prior connections to controversial software firm Hacking Team will transition out of their new roles at Coinbase.

Alleged Bitcoin Launderer Accused of Handling Funds for Russian US Election Hackers Ends Lengthy Hunger Strike

Alexander Vinnik, a Russian citizen accused of laundering billions while allegedly running the BTC-e Bitcoin exchange in London, has ended his 80-day hunger strike, Urdu Point reports. Vinnik was detained in the summer of 2017 after being arrested while vacationing in Greece with his family.

'Sleeping Giant' Wakes: Google Building Comprehensive Crypto Block Explorer

A software developer with a background in using multiple small computers to analyze the human genome is building a master blockchain surveillance tool for Google he hopes will show what their real use is, Forbes reports. According to Forbes, Google has so far been behind

Currency.com launches tokenised securities platform

Currency.com, a next-generation blockchain technology company, today announced the launch of the world’s first fully-functional trading platform for tokenised securities, which allows investors to trade, invest in, and benefit from exposure to, real-world financial instruments by directly using cryptocurrencies.

Blockchain Front Page: Anonymous transactions in Bitcoin

Last week our theme was “Bitcoin Whales, Bulls & Bears Heading to zero? Or heading to $1 million? Your call” Our theme for this week is “Anonymous transactions in Bitcoin̶…

Deutsche Money Laundering Scandal Shows Biased Crypto Narrative

While crypto continues to be targeted by the press, a growing number of banks are being investigated for processing payments for criminal organizations.

From Encrypted Messaging to Critical Fire Systems: Blockchain for Security Sector

Law enforcement agencies and the military could benefit from blockchain as much as financial institutions do.

Alleged Bitcoin Launderer Alexander Vinnik Questioned by French Officials

The legal saga surrounding alleged bitcoin launderer Alexander Vinnik continues to grow more complicated as three countries wage an extradition fight.

Cryptocurrency Exchanges Were Used to Launder $88 Million Since 2016

Over 46 cryptocurrency exchanges around the globe assisted criminals in laundering more than $88 million, a WSJ report alleges.

Blockchain Analysis Spending by US Government Agencies Has Tripled in 2018

Government agencies in the US have more than tripled the amount of money they are allotting to private firms doing forensics on blockchains like Bitcoin, says weekly newsletter for institutions, diar. The biggest spender by far is the Internal Revenue Service (IRS), which is 'accounting

Public Records Show US Government Tripled Investment in Blockchain Analysis Firms in 2018

New research into publicly available records shows that U.S. government agencies have tripled their investment in blockchain intelligence firms this year.

A Former Bitcoin Exchange Admin Could Be Key to Mueller's Russia Investigation

A Russian citizen accused of running a cryptocurrency exchange that helped a billion dollar money laundering operation could be in possession of valuable information that could potentially expose how a group of Russians indicted recently by U.S. Special Counsel Robert Mueller managed to hide their money trail using bitcoin.

The Petro Probably Doesn't Exist, Nor the Oil Reserves Backing It: Report

A month after Venezuelan president Nicholas Maduro announced the creation of the Petro, a state-backed cryptocurrency that would supposedly bring the country out of six-figure hyperinflation, the only place the Petro seems to exist is in the media.