The famous crypto analysis firm Chainalysis is in the altcoin news for its apparent interest to ‘snoop into’ 10 cryptocurrencies including Bitcoin (BTC), Ethereum (ETH) as well as Binance Coin (BNB).
The blockchain analysis and compliance firm wants to perform investigations and keep tabs on ten popular digital assets. The news were re-shared by a lot of best cryptocurrency news sites but first emerged from the firm’s official blog on April 24. In it, the crypto analysis firm Chainalysis based out of New York announced that it is expanding its line of monitoring tools and the scope of its famous Chainalysis Reactor and Chainalysis KYT (Know Your Transaction) analytics tools.
For those of you who are not familiar with it, the crypto analysis firm Chainalysis is a high-profile blockchain intelligence firm which provides insights to organizations. This way, it is helping them monitor the flow of cryptocurrencies on multiple blockchains and track the transactions that may be linked to terrorist financing and money laundering efforts.
The new release also shows the crypto analysis firm Chainalysis with a new update – allowing users to simply enter the name of a service into any of its analytics platforms (Reactor or KYT) and get insights on its connection with the digital assets that are supported.
As the post published by Chainalysis reads:
“You can now enter the name of any service in Reactor and see it represented across all supported cryptocurrencies. Once added to a graph, flows between addresses are mapped using an intuitive user interface overlaid with context from on and off the blockchain. KYT customers can monitor their organization’s total risk exposure across all supported currencies.”
In the latest cryptocurrency news, the crypto analysis firm Chainalysis also pointed a notice in which says that the digital assets supported would include Bitcoin (BTC), Ether (ETH), Paxos Standard (PAX), Litecoin (LTC), True USD (TUSD), and Binance Coin (BNB), as well as the popular stablecoins such as Gemini Dollar (GUSD), Tether (USDT), and USD Coin (USDC).
“We’ve identified thousands of real-world services including the top exchanges, merchant providers, darknet markets, and scams. Our team makes hundreds of new identifications every month, increasing data coverage by millions of new addresses,” the crypto analysis firm Chainalysis concluded.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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