• Chainalysis goes unicorn
    How big is crypto? Even firms that track transactions liker Michael Gronager's Chainalysis are going unicorn (Photo: U.S. State Department)
    Cryptocurrencies,  Regulation

    Chainalysis goes unicorn

    The blockchain intelligence firm’s latest fundraising round valued it north of the VC magic number: $1 billion

    November 23, 2020 /

    Along with cryptocurrency exchanges and financial firms, Chainalysis' bitcoin and cryptocurrency tracking tool have been used by law enforcement agencies including the FBI, IRS, and U.S. Department of Homeland Security in a number of high-profile cases, including the closure of the largest-ever child pornography ring, “Welcome to Video.” Other cases included operations targeting bitcoin fundraising by terrorist groups Al-Qaeda and Hamas.

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  • PayPal Schulman crypto easy
    PayPal's Dan Schulman says crypto payments are coming to a store near you (Photo: PayPal)
    Alt coins,  Bitcoin,  Ethereum

    PayPal CEO: We’ll make it ‘very simple and easy’ to use crypto every day

    In an interview, Dan Schulman predicted that PayPal’s embrace of bitcoin and three other cryptos will help bring digital currencies into the mainstream

    November 23, 2020 /

    “Early next year we’re going to allow cryptocurrencies to be a funding source for any transaction happening at all 28 million of our merchants, and that will significantly bolster the utility of cryptocurrencies," Schulman said.

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  • CipherTrace crack Monero privacy
    CipherTrace says it is closer to cracking privacy coin Monero's anonymity—and that this is good for Monero (Photo: Pixabay)
    Cryptocurrencies,  Regulation

    CipherTrace: We’re closer to cracking Monero’s privacy

    The blockchain analytics firm claims two new patents will allow it to detect and track criminals using the leading privacy coin

    November 23, 2020 /

    The Nov. 20 announcement covers a number of tools and methods that bring CipherTrace closer to being able to track Monero transactions—although not break the privacy of individual users, the firm stressed. CipherTrace said it has been working on those tools since early 2019, as part of a Department of Homeland Security project. The firm claims that the new developments have laid the groundwork for future tools “like entity transaction clustering, wallet identification, exchange attribution, and other functionality that will provide law enforcement with even more tools for investigating Monero transactions and addresses related to criminal activity.”

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  • markets report bitcoin price
    Bitcoin,  Markets Report

    Markets Report: Bitcoin Delays $19,000 as Fresh Dollar Weakness Ensues

    $19,000 resistance proves stubborn and opinions vary about whether the short-term future is up or down for Bitcoin

    November 23, 2020 /

    Bitcoin is taking aim at $19,000 as the week begins—can more major levels flip to support or will the market see a major correction? After a fairly volatile weekend, BTC/USD is circling $18,500 in Monday trading prior to Wall St. opening bell. $19,000, however, remains untouched.

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