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South Korea-based crypto exchange Upbit will use Crystal analytics to strengthen AML compliance procedures

More than ten years after the launch of the Bitcoin Blockchain, coins that were mined on February 9, 2009 have just started moving. Yesterday, 50 BTC left the address 17XiVVooLcdCUCMf9s4t4jTExacxwFS5uh. They were initially received in block number 3,654, created on February 9, 2009 - exactly one month after bitcoin mining started.

This report by Crystal Blockchain analytics reviews the use of bitcoin by darknet entities. The report analyzes darknet interactions with exchanges and other entities throughout the first quarter of 2020 and compares it to historical darknet activity from the past three years.

To investigate the effects of new regulation on the cryptocurrency market, as well as the extent virtual asset service providers will be affected by the changes, the Crystal™ Blockchain analytics team has issued an updated report on the historical international flow of bitcoin between cryptocurrency exchanges.

2019 was a year of preparation and standardization for the cryptocurrency industry, as regulators around the world came together to enforce tangible legislation impacting the ecosystem. In the U.S., SEC Chairman Jay Clayton spoke candidly to a Senate Committee in December, informing them that the SEC is taking a measured yet proactive regulatory approach to crypto that will both foster innovation and capital formation while protecting investors and U.S. markets.

The Crystal analytics team have compiled a detailed report based on investigations into darknet interactions using bitcoin, and how regulation is changing trends.

The Crystal™ analytics platform is the all-in-one blockchain analytics tool for law enforcement bodies, capital market companies and financial organizations. This software provides a comprehensive view of the public blockchain ecosystem and uses advanced analytics and data scraping to map cryptocurrency transactions and related entities and to reveal suspicious funds and participants.