Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • VPN Friendly Casinos
    • New Crypto Casinos
    • Offshore Online Casinos
    • Best Crypto Casinos Reddit
    • Bitcoin Poker
    • Bitcoin Betting Sites
    • Bitcoin Bingo
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • VPN Friendly Casinos
    • New Crypto Casinos
    • Offshore Online Casinos
    • Best Crypto Casinos Reddit
    • Bitcoin Poker
    • Bitcoin Betting Sites
    • Bitcoin Bingo
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Chainalysis Introduces Live Suspicious Transaction Detector for 15 Major Cryptos

Chainalysis Introduces Live Suspicious Transaction Detector for 15 Major Cryptos

Kelly Cromley by Kelly Cromley
Aug 25, 2019
in Market News, News
Reading Time: 2 mins read
0

Chainalysis, a blockchain analytics firm, has introduced transaction alert facility for dubious crypto trades carried out in exchanges. Chainalysis issued a statement revealing the launch of alert facility for dubious cryptocurrency trades, named Chainalysis Know Your Transaction (KYT).

The blockchain firm has claimed that its real-time anti-money laundering compliance solution is the first of its kind alerts solution offered for 15 cryptocurrencies.

RelatedPosts

Bitget and SuperteamCAN Boost Web3 Innovation in Toronto

Gate.io Unveils Alpha to Streamline Web3 Token Trading

Bitget and MasterZ Join Forces to Democratize Web3 Learning

HAiO Bridges Web3 and AI for a User-Centric Music Future

The product offering is aimed to assist cryptocurrency exchanges and other financial firms negate their reputational and regulatory threats. Michael Breu, chief compliance officer at key crypto exchange Gemini, elaborated on the facility:

“As a New York Trust company we are required to monitor transactions on and off our platform. […] Tools like KYT alerts, which provide real time and ongoing blockchain analysis, coupled with Gemini’s own compliance policies, help us meet our regulatory obligations.”

The press release states that KYT service involves real-time high volume crypto trade tracking in order to discover suspicious behavior. However, currently alerts are created whenever a trade involves a pre-determined risky counterparty and breaches a particular threshold value.

The alerts are issued as “Severe, High, Medium and Low” under the categories service, direct versus indirect exposure, direction of funds and amount. The assets tracked by the firm are Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC), top stablecoins and ERC-20 tokens such as maker (MKR), Tether (USDT) and DAI. Chainalysis product VP John Dempsey had the following to say about the development:

“As lawmakers and regulators focus their attention on the industry, it is more critical than ever that cryptocurrency businesses demonstrate compliance best practices. […] Every minute counts when managing exposure to sanctioned entities, hacked funds, darknet markets, and other illicit activities, which is why Chainalysis is investing in fast, actionable alerts to help our customers mitigate risk across cryptocurrencies.”

Last month, Chainalysis brought to light of the fact that 64% of malware attack cash-out techniques involve washing funds through cryptocurrency exchanges.

Previous Post

Bank of England Governor – US Dollar Could Be Replaced By Libra-Like Digital Currency

Next Post

BitGo Adds EOS To List Of Over 200 Supported Cryptocurrencies

Related Posts

gibo launches usdg.net to boost blockchain payments for creators

GIBO Launches USDG.net to Boost Blockchain Payments for Creators

by Kelly Cromley
May 13, 2025
0

GIBO Holdings Ltd., a key player in Asia’s AI-generated content (AIGC) streaming sector, has introduced a blockchain-based payment engine, USDG.net—also...

preh launches $100m fund to tokenize u.s. real estate

PREH Launches $100M Fund to Tokenize U.S. Real Estate

by Kelly Cromley
May 13, 2025
0

Patel Real Estate Holdings (PREH) has initiated a $100 million fund dedicated to tokenizing real estate assets on the Chintai...

big hair unveils $bga token to bridge beauty and web3

Big Hair Unveils $BGA Token to Bridge Beauty and Web3

by Kelly Cromley
May 13, 2025
0

Big Hair, a well-known name in the beauty industry, has officially stepped into the Web3 arena by launching its native...

sony and bandai namco launch gaudiy to drive ai and web3

Sony and Bandai Namco Launch Gaudiy to Drive AI and Web3

by Kelly Cromley
May 13, 2025
0

Sony and Bandai Namco have jointly launched a new startup named Gaudiy, with a focus on harnessing emerging technologies such...

bitget and superteamcan boost web3 innovation in toronto

Bitget and SuperteamCAN Boost Web3 Innovation in Toronto

by Kelly Cromley
May 13, 2025
0

Bitget has joined forces with SuperteamCAN to invigorate the Web3 development landscape at the ongoing Solana Startup Village in Toronto,...

gate.io unveils alpha to streamline web3 token trading

Gate.io Unveils Alpha to Streamline Web3 Token Trading

by Kelly Cromley
May 13, 2025
0

Gate.io has introduced a significant upgrade to its MemeBox feature, rebranding it as "Alpha" in a strategic move aligned with...

Next Post
BitGo Adds EOS To List Of Over 200 Supported Cryptocurrencies

BitGo Adds EOS To List Of Over 200 Supported Cryptocurrencies

  • blackrock invests in colle web3

    COLLE: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • XRP Ledger Embraces Precious Metal-Backed Stablecoins with Meld Gold Partnership

    by Kelly Cromley
    Oct 2, 2024

Recent News

gibo launches usdg.net to boost blockchain payments for creators
Market News

GIBO Launches USDG.net to Boost Blockchain Payments for Creators

by Kelly Cromley
May 13, 2025
preh launches $100m fund to tokenize u.s. real estate
Market News

PREH Launches $100M Fund to Tokenize U.S. Real Estate

by Kelly Cromley
May 13, 2025
big hair unveils $bga token to bridge beauty and web3
Market News

Big Hair Unveils $BGA Token to Bridge Beauty and Web3

by Kelly Cromley
May 13, 2025
sony and bandai namco launch gaudiy to drive ai and web3
Market News

Sony and Bandai Namco Launch Gaudiy to Drive AI and Web3

by Kelly Cromley
May 13, 2025
bitget and superteamcan boost web3 innovation in toronto
Market News

Bitget and SuperteamCAN Boost Web3 Innovation in Toronto

by Kelly Cromley
May 13, 2025

Categories

  • Altcoin News
  • Analysis News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market News
  • News
  • Ripple News
  • Solana News

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • VPN Friendly Casinos
    • New Crypto Casinos
    • Offshore Online Casinos
    • Best Crypto Casinos Reddit
    • Bitcoin Poker
    • Bitcoin Betting Sites
    • Bitcoin Bingo

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree