Crypto Terror Funding: Elliptic Uncovers The Real Extent
Crypto terrorism funding is at the focus of analysts today as concerns have been raised about the use of digital assets in funding militant organizations, with a particular focus on Hamas. However, blockchain forensics firm Elliptic is challenging the notion that crypto has played a significant role in terrorist financing, emphasizing the misrepresentation of recent […]
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UK-based digital asset services company Elliptic, best known for its Elliptic Vault product offering, has announced $2m in seed-funding from Octopus Investments. With the funding, Elliptic will be able to further its product development and strengthen its foothold as the trusted provider of enterprise digital assert services in the British market. It will soon offer a set of enterprise services meant to reconcile traditional finance and digital assets. "We're seeing a clear trend of highly-skilled fintech talent seeking opportunities in forward-thinking tech companies, rather than....
The relationship between Lloyd's of London and bitcoin storage service Elliptic Vault broke down just weeks after Elliptic's launch in January, it has emerged. Elliptic Vault was the first insured bitcoin storage service in the world and was widely hailed as a milestone for the industry. The exact details of how the relationship between Lloyd's and Elliptic broke down are unclear, with Elliptic COO Tom Robinson saying his impression was that Lloyd's pulled out "due to the high level of publicity" around the deal. In turn, a Lloyd's spokesperson claimed Elliptic never actually finalised the....
London-based Bitcoin Blockchain surveillance and forensic compliance intelligence startup Elliptic has secured $5 million in a Series A funding round led by Paladin Capital Group. The round also gained support from Santander InnoVentures, KRW Schindler, Digital Currency Group and existing investor, Octopus Ventures. A press release by Elliptic has announced that the firm has raised $5 million in Series A funding round. The new capital, according to the announcement will help enable Elliptic to further strengthen its position as a leading player in blockchain compliance, fraud detection and....
UK-based digital assets service provider Elliptic has partnered with Gem to offer a custodian service for the private keys of multisig wallets. Multisig wallets have at least three unique private keys. Through the new partnership, consumers will control one private key, while Gem and Elliptic will have custody over the two others. Customers are not obliged to assign the third key to Elliptic. However, if the client loses their key, Gem and Elliptic will use their private keys to transfer the user's funds into a new Gem multisig account belonging to the customer. Dr James Smith, CEO at....
Are you a Bitcoin skeptic? I hope not... Most of the vocal critics of bitcoin and cryptocurrency seem to be concerned about the "anonymity" associated with bitcoin transactions. According to some of them, because of the so-called anonymity, bitcoins are "made to order" for terror organizations to raise funds. Well I have some news for them - It is not anonymity, but "pseudonymity", they are two different things. Who said your bitcoin transactions couldn't be tracked to a particular location or IP address in real-time if necessary (if you do not believe me, read it for yourself)? Call me....