Chainalysis’ products are targeted at spotting connections between entities on the blockchain. The company are currently focused on the Bitcoin market where the vast majority of the value is being transacted. They help Bitcoin businesses detect fraud and prevent money laundering, they also help banks put in place adequate controls to bank Bitcoin businesses. The […]
Chainalysis’ products are targeted at spotting connections between entities on the blockchain. The company are currently focused on the Bitcoin market where the vast majority of the value is being transacted. They help Bitcoin businesses detect fraud and prevent money laundering, they also help banks put in place adequate controls to bank Bitcoin businesses.
The company’s API notifies customers in real time if they are receiving money from other regulated financial institutions or if they are receiving it from illegal activities. Chainalysis’ visualization tool allows compliance officers to do manual investigations to detect suspicious activity.
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Chainalysis Details
Operating Status:Active
Business TypePrivate
HeadquartersNew York, Washington D.C., United States and Copenhagen, Denmark
Founded Date Oct 1st, 2014
Organization CEO Michael Gronager, PhD
FoundersMichael Gronager, PhD, Jan Moller, Jonathan Levin
Chainalysis, the New York-based blockchain data analytics platform revealed on Wednesday that global cryptocurrency adoption has skyrocketed worldwide.
As outlined by Chainalysis, the latest cash injection will be used to deepen its data advantage by covering more cryptocurrencies, and focusing on emerging niches including decentralized finance (DeFi).
