Blockchain analysis

The U.S. Office of Foreign Assets Control wants a renewed subscription to Chainalysis blockchain surveillance tools for monitoring Bitcoin.

Despite the “bitcoin is for criminals” narrative, the proportion of criminal cryptocurrency transactions was less than 1 percent in 2020.

For the next 21 days leading up to Genesis Day, Bitcoin Magazine will be highlighting different data-related projects built by the community (and rolling out a few of our own!).

Two pieces of Bitcoin news this week seemed to point toward conflicting trends in the space: blockchain analysis vs. new privacy methods.

In order to make the most of Bitcoin’s inherent privacy features, we must be able to distinguish between real privacy and some persistent “red herrings.”

Bitcoiners will have a harder time protecting their privacy

Payswap, from pseudonymous developer “ZmnSCPxj,” offers a simple-yet-effective trick to confuse blockchain analysis and obscure bitcoin transactions.

CipherTrace, a blockchain analytics company, is partnering with the Republic of Malta’s sole financial regulatory agency to ensure that all crypto transactions within the country are free of money laundering and other similar financial crimes.

With its analytical capabilities, Neutrino will help Coinbase add new features and tokens to the platform, while ensuring "compliance with local laws and regulations."

The fund injection will be used to expand the startup's operations including its Chainalysis Know-Your-Transaction (KYT) tool which allows more than 100 crypto exchanges and financial institutions to vet their clients.