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Losses from Crypto Hacks Jumped to $2.2 Billion in 2024: Chainalysis
The hacking amount exceeded $1 billion (roughly Rs. 8,502 crore) for the fourth straight year and the number of incidents rose to 303 from 282 in 2023, it said.
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Chainalysis Acquires Web3 Security Firm Hexagate to Advance Strategic Growth Objectives
Blockchain data firm Chainalysis announced its acquisition of Hexagate this week. Hexagate specialises in providing comprehensive tools for Web3 security, including risk mitigation, forensic analysis, and compliance solutions. Its services support a range of prominent crypto firms, including Coinbase, Polygon, Uniswap, and Consensys, among others.
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CoinSwitch SmartInvest Service With Investment Strategies for New Crypto Investors Launched
CoinSwitch has rolled out a new service called SmartInvest. Through this feature, the exchange has released a selection of smart investment strategies that early investors can follow in order to take their first steps into crypto investing.
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India Tops Chainalysis’ Global Crypto Adoption Index for Second Consecutive Year
Chainalysis released its ‘2024 Global Crypto Adoption Index’ this week, with India ranking first among 151 nations. India leads in overall crypto adoption, centralized service value, and retail centralised service value.
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India Leads in Crypto Adoption for Second Straight Year, Report Shows
India led the way in global adoption of cryptocurrencies for the second straight year, a Chainalysis report has said. It showed India ranked high on usage of centralised exchange and decentralised finance assets from June 2023 to July 2024.
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IRS Expects to See Spike in Crypto Tax Evasion Cases in the US: Report
Arming up to tackle this expected rise in crypto tax evasion cases, the IRS in the US is already forging partnerships with several law enforcement divisions to improve the criminal identification process.
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Crypto Ransom Attack Payments Hit Record $1 Billion in 2023: Chainalysis
Payments from crypto-related ransom attacks nearly doubled to a record $1 billion (roughly Rs. 8,304 crore) in 2023, blockchain analytics firm Chainalysis said on Wednesday. Scammers targeting institutions such as hospitals, schools and government offices for ransom pocketed $1.1 billion (roughly Rs. 9,133 crore) last year, compared with $567 mill...
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India Ranks First Among 154 Nations in Grassroot Adoption of Crypto: Chainalysis
Chainalysis, in its fourth instalment of its Global Crypto Adoption Index report, showed the adoption of cryptocurrencies for day-to-day financial and investment opportunities has risen the most in India over the past year. The list, that ranks 154 nations, ranked Nigeria, Vietnam, US, and Ukraine on the second, third, and fourth spots, respectivel...
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North Korean Hackers Stole Around $1.7 Billion Crypto In 2022: Report
According to blockchain analysis firm Chainalysis, North Korean-backed hackers stole $1.7 billion in cryptocurrency in 2022.
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Crypto Ecosystem Saw Most Heists in 2022 Worth $3.8 Billion: Chainalysis
2022 was the worst on record for cryptocurrency heists, with hackers stealing as much as $3.8 billion (nearly Rs. 31,100 crore), led by attackers linked to North Korea who netted more than ever before, a US-based blockchain analytics firm said in a report on Wednesday.
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Crypto Crime Hits Record $20 Billion in 2022: Chainalysis Report
Illicit use of cryptocurrencies hit a record $20.1 billion (nearly Rs. 1,63,217 crore) last year as transactions involving companies targeted by US sanctions skyrocketed, data from blockchain analytics firm Chainalysis showed on Thursday. The cryptocurrency market floundered in 2022, as risk appetite diminished and various crypto firms collapsed...
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Analytics Firm Chainalysis Among FTX's Long List of Creditors, Reveals Court Filing
In documents filed to bankruptcy court in Delaware on Wednesday, blockchain analysis Chainalysis was identified as a creditor and asked for any relevant materials to be sent to its lawyers.
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Stablecoin Usage in Russia Rises Exponentially After Ukraine Invasion, Here's Why
Russia’s cryptocurrency transactions, both in crypto-to-crypto and crypto-to-fiat currency, surged in March following the Ukraine invasion, reveals a Chainalysis report.
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Christie’s Adopts Blockchain, Launches NFT Auction Platform Built on Ethereum
Christie’s auction house , has launched an online auction platform for the auctions of non-fungible tokens (NFTs). NFT minting firm Manifold.xyz, crypto research firm Chainalysis along with metaverse firm Statial came together to create Christie’s 3.0. For every auction conducted on this platform, all the transactions will automatically be reco...
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NFT, Blockchain Gaming Searches Driving Crypto Adoption in Asia, India Leads: Chainalysis
A recent Chainalysis report highlighted that in the second quarter of 2022, 58 percent of web traffic from Asian nations to crypto services was NFT-related. Another 21 percent traffic was related to play-to-earn blockchain games. India continues to lead CSAO in unweighted crypto activity, receiving $172 billion (roughly Rs. 13,85,812 crore) in cryp...
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Losses from Crypto Hacks Jumped to $2.2 Billion in 2024: Chainalysis
The hacking amount exceeded $1 billion (roughly Rs. 8,502 crore) for the fourth straight year and the number of incidents rose to 303 from 282 in 2023, it said.
-
Chainalysis Acquires Web3 Security Firm Hexagate to Advance Strategic Growth Objectives
Blockchain data firm Chainalysis announced its acquisition of Hexagate this week. Hexagate specialises in providing comprehensive tools for Web3 security, including risk mitigation, forensic analysis, and compliance solutions. Its services support a range of prominent crypto firms, including Coinbase, Polygon, Uniswap, and Consensys, among others.
-
CoinSwitch SmartInvest Service With Investment Strategies for New Crypto Investors Launched
CoinSwitch has rolled out a new service called SmartInvest. Through this feature, the exchange has released a selection of smart investment strategies that early investors can follow in order to take their first steps into crypto investing.
-
India Tops Chainalysis’ Global Crypto Adoption Index for Second Consecutive Year
Chainalysis released its ‘2024 Global Crypto Adoption Index’ this week, with India ranking first among 151 nations. India leads in overall crypto adoption, centralized service value, and retail centralised service value.
-
India Leads in Crypto Adoption for Second Straight Year, Report Shows
India led the way in global adoption of cryptocurrencies for the second straight year, a Chainalysis report has said. It showed India ranked high on usage of centralised exchange and decentralised finance assets from June 2023 to July 2024.
-
IRS Expects to See Spike in Crypto Tax Evasion Cases in the US: Report
Arming up to tackle this expected rise in crypto tax evasion cases, the IRS in the US is already forging partnerships with several law enforcement divisions to improve the criminal identification process.
-
Crypto Ransom Attack Payments Hit Record $1 Billion in 2023: Chainalysis
Payments from crypto-related ransom attacks nearly doubled to a record $1 billion (roughly Rs. 8,304 crore) in 2023, blockchain analytics firm Chainalysis said on Wednesday. Scammers targeting institutions such as hospitals, schools and government offices for ransom pocketed $1.1 billion (roughly Rs. 9,133 crore) last year, compared with $567 mill...
-
India Ranks First Among 154 Nations in Grassroot Adoption of Crypto: Chainalysis
Chainalysis, in its fourth instalment of its Global Crypto Adoption Index report, showed the adoption of cryptocurrencies for day-to-day financial and investment opportunities has risen the most in India over the past year. The list, that ranks 154 nations, ranked Nigeria, Vietnam, US, and Ukraine on the second, third, and fourth spots, respectivel...
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North Korean Hackers Stole Around $1.7 Billion Crypto In 2022: Report
According to blockchain analysis firm Chainalysis, North Korean-backed hackers stole $1.7 billion in cryptocurrency in 2022.
-
Crypto Ecosystem Saw Most Heists in 2022 Worth $3.8 Billion: Chainalysis
2022 was the worst on record for cryptocurrency heists, with hackers stealing as much as $3.8 billion (nearly Rs. 31,100 crore), led by attackers linked to North Korea who netted more than ever before, a US-based blockchain analytics firm said in a report on Wednesday.
-
Crypto Crime Hits Record $20 Billion in 2022: Chainalysis Report
Illicit use of cryptocurrencies hit a record $20.1 billion (nearly Rs. 1,63,217 crore) last year as transactions involving companies targeted by US sanctions skyrocketed, data from blockchain analytics firm Chainalysis showed on Thursday. The cryptocurrency market floundered in 2022, as risk appetite diminished and various crypto firms collapsed...
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Analytics Firm Chainalysis Among FTX's Long List of Creditors, Reveals Court Filing
In documents filed to bankruptcy court in Delaware on Wednesday, blockchain analysis Chainalysis was identified as a creditor and asked for any relevant materials to be sent to its lawyers.
-
Stablecoin Usage in Russia Rises Exponentially After Ukraine Invasion, Here's Why
Russia’s cryptocurrency transactions, both in crypto-to-crypto and crypto-to-fiat currency, surged in March following the Ukraine invasion, reveals a Chainalysis report.
-
Christie’s Adopts Blockchain, Launches NFT Auction Platform Built on Ethereum
Christie’s auction house , has launched an online auction platform for the auctions of non-fungible tokens (NFTs). NFT minting firm Manifold.xyz, crypto research firm Chainalysis along with metaverse firm Statial came together to create Christie’s 3.0. For every auction conducted on this platform, all the transactions will automatically be reco...
-
NFT, Blockchain Gaming Searches Driving Crypto Adoption in Asia, India Leads: Chainalysis
A recent Chainalysis report highlighted that in the second quarter of 2022, 58 percent of web traffic from Asian nations to crypto services was NFT-related. Another 21 percent traffic was related to play-to-earn blockchain games. India continues to lead CSAO in unweighted crypto activity, receiving $172 billion (roughly Rs. 13,85,812 crore) in cryp...
