Chainalysis estimates that $1 billion dollars will be spent on illegal businesses on the dark web in 2019, but that the proportion of bitcoin transactions that involve illegal activity has declined.
Following a consultive forum this month, there is no indication that the FATF will change its recent position on stricter KYC rules for cryptocurrency service providers.
Messages on darknet-specific forums and reports by news sites like Deep Dot Web indicate that digital black markets Dream Market and Wall Street Market have both become unusable.
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.
A recent report by Chainalysis illustrates that, despite government efforts to curb it, darknet market activity has thrived, with trading volume more than doubling in 2018.
Eleven companiesshowcased their innovative fintech propositions at the Barclays Accelerator demo day in New York. Eight of these companies have already signed contracts...
