Chainalysis News

Central, Northern, and Western Europe made up 22% of global crypto volume between July 2023 and June this year, according to Chainalysis. Central, Northern, and Western Europe has emerged as the second-largest crypto economy globally, receiving $987.25 billion in on-chain…

North America remains the top spot for the crypto market, accounting for about $1.3 trillion, or 22.5% of on-chain activity on the international level, data from Chainalysis shows. Cryptocurrencies keep concentrating in North America despite unclear local regulatory climate, as…

The UAE, particularly through its Dubai and Abu Dhabi financial hubs, continues to introduce initiatives and regulatory frameworks to attract crypto companies and investors. Consider the latest update: The UAE announced value-added tax (VAT) exemptions for crypto transfers and conversions.…

As businesses turn to dollar-pegged options, stablecoins now represent over 40% of Sub-Saharan Africa’s crypto economy. Stablecoins have emerged as a vital component of Sub-Saharan Africa‘s crypto economy, accounting for approximately 43% of the region’s total transaction volume, according to…

The Middle East and North Africa region has become the seventh-largest cryptocurrency market as both retail and institutional adoption grows. According to a Chainalysis report, MENA received $338.7 billion in cryptocurrencies between July 2023 and June 2024, securing the seventh…

Tether has appointed former PayPal executive Jesse Spiro as its head of government affairs to lead policy and engagement with lawmakers, regulators, and key stakeholders. Stablecoin issuer Tether (USDT) is expanding its government relations efforts with the appointment of Jesse…

Indonesia has entered Chainalysis’ global crypto adoption index for the first time, climbing into the top 3 as global crypto activity surged past 2021 bull market levels. Indonesia has made its debut in Chainalysis‘ global crypto adoption index, climbing to…

Analysts at Chainalysis say illicit blockchain activity has dropped nearly 20% YTD, yet stolen funds and ransomware inflows continue to rise. Illicit crypto activity has declined nearly 20% year-to-date, a positive sign for the growing legitimacy of the sector, according…

On-chain data shows that around 4,000 wallets enriched web3 casinos and gambling websites with $5 billion worth of crypto in 2023. Web3 casinos and gambling platforms seem to be making enormous wealth as only 4,000 Ethereum (ETH) wallets deposited $5…

Since May 2021, a staggering $2.7 billion has been lost to approval phishing attacks — and a multinational operation led to one victim being identified in the middle of a scam. A widespread operation has been launched to thwart cybercriminals…

Stablecoin issuer Tether has hired the former Chainalysis chief economist to help regulators understand how stablecoins are used in the real economy. Stablecoin issuer Tether has revealed in a Monday blog announcement that it has hired Philip Gradwell, a former…

Nearly 30% of all crypto traced from illicit addresses since 2019 ended up at sanctioned services like Russia’s crypto exchange Garantex, according to Chainalysis. Cryptocurrency exchanges have received nearly $100 billion worth of crypto from well-known illicit addresses since 2019,…

Blockchain forensics firm Chainalysis has discovered $169 million in Bitcoin connected to the 911 S5 botnet, facilitating the arrest of Chinese national Yunhe Wang. Crypto analysis firm Chainalysis has traced $169 million in Bitcoin linked to the notorious 911 S5…

Phishing scammers utilizing crypto drainers appear to be no longer directing stolen funds to centralized exchanges, turning instead to swap protocols and bridges. Cybercriminals operating drainers have changed their strategy significantly, with the majority of stolen funds now flowing into…

Blockchain forensics firm Chainalysis says ransomware attacks involving payments decreased by 46% in 2023. As the ransomware market becomes increasingly saturated with new schemes due to lower barriers-to-entry, executing profitable attacks involving crypto payments has become a challenging thing, according…

Stablecoin issuer Tether has announced a partnership with blockchain forensics firm Chainalysis to develop a tool for monitoring secondary market activity. Tether is planning to enhance its oversight of the USDT market, as the firm has signed a partnership agreement…