Tag: Blockchain Analysis

Blockchain Analysis Grows More Popular Among US Agencies

Blockchain analysis is becoming a lot more popular these days. A fair few firms are looking for ways to analyze public blockchains and potentially crack down on illicit activity involving cryptocurrencies. It seems US agencies are showing increasing interest in this technology as well, which is not that big of a surprise. US Agencies Embrace Chainalysis and Others As we discussed in a previous article, various US agencies have shown a …
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BitFury Group Officially Unveils Crystal, a Blockchain Analysis Tool

Most cryptocurrency users know that BitFury is working on a blockchain analysis tool. Until now, we never heard much about this project, other than how it helped identify a few hundred Bitcoin users with relative ease. In a recent blog post, the company explained that its new service will be known as Crystal. It is a blockchain investigative tool for law enforcement and financial institutions alike. Tools like these will only …
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BitFury Group De-Anonymizes Over 15% of the Bitcoin Network With New Blockchain Analysis Tool

The ability to analyze and link Bitcoin transactions is something many governments and regulators hope to do more of moving forward. A lot of officials still think Bitcoin is anonymous, even though that is far from the case. BitFury Group recently demonstrated their latest analysis tool by de-anonymizing several million Bitcoin transactions. It’s an interesting turn of events, even though Bitcoin was never designed to be used in an anonymous capacity whatsoever. Another Notch in …
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Governments Show Interest in Firms Analyzing Monero and Zcash Transactions

We recently noted that the US government is increasingly tracking Bitcoin users with the help of the Chainalysis firm. It turns out there is growing interest in conducting Bitcoin surveillance globally. Moreover, there is an increasing need to track privacy-centric cryptocurrencies such as Zcash and Monero. That may prove to be more difficult than originally assumed, though. Privacy-oriented Currencies Get Scrutinized It has become increasingly evident that anyone who values cryptocurrency for privacy or anonymity …
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