Why do you need blockchain analytics tools?

Today, there are more and more blockchain analytics tools available for companies processing cryptocurrencies. In this article, we will explain why they are of utmost importance for such companies. But first, what exactly is blockchain analysis? Unlike common thinking, blockchain transactions are not anonymous but rather pseudonymous. Everyone can see »

Twitter supporting Bitcoin tips through the Lightning Network

In late September, social media platform Twitter announced1 a new feature called “Tips” that will allow users to easily receive payments via different platforms such as CashApp, Patreon but also via cryptocurrencies. The “Tips’ feature will gradually be available on IOS and later on Android. Twitter will support Bitcoin tips »

10 of the most compliant VASPs in Scorechain’s Entity Directory

Scorechain Entity Directory assesses the level of risk of each identified virtual asset service provider (VASP) by assessing their anti-money laundering (AML) and combating the financing of terrorism (CFT) policies and their exposure to jurisdiction and security risks. The Entity Directory rates each identified VASP to help users assess their »

3 types of crypto risks that can be mitigated through blockchain analytics

Key takeaways: FATF identified a trend in the use of methods to increase anonymity to launder illegal proceedings. Blockchain analytics can help mitigate crypto-related risks. Using cryptocurrencies for money laundering (ML) / terrorism financing (TF) or fraud purposes is not new and this is why worldwide regulators are putting in »

Crypto Compliance: Adopting a Risk-based Approach to Crypto Gambling

Key takeaways: The use of crypto in the gambling sector has grown in popularity over the last few years. Gambling services are mentioned in FATF’s Virtual Assets Red Flag of Money Laundering and Terrorist Financing report from July 2020. Gambling could be a way to launder cryptos, VASPs and gambling »

Forensic evidence storage through blockchains: Scorechain in Cyber-Trust Project

The CYBER-TRUST project aims to develop an innovative cyber-threat intelligence gathering, detection, and mitigation platform, as well as, to perform high-quality interdisciplinary research in key areas for introducing novel concepts and approaches to tackle the big challenges towards securing the ecosystem of IoT devices.  Scorechain’s role in this project was »

Hamas crypto addresses seized by Israel: how to monitor the funds?

Key takeaways: Israel issued a seizure order on 84 addresses linked to the Hamas terrorist group. The wallets hold various cryptocurrencies such as BTC, ETH, LTC, XRP, etc… In July, the Israeli government issued an Administrative Seizure Order to seize 84 cryptocurrency addresses it says belong to the terrorist group »