The Bitcoin Big Bang - Elliptic's Remarkable Breakthrough in AML
UK-based Bitcoin analytics and security firm Elliptic today announced the launch of The Bitcoin Big Bang - an interactive visualization that marks the emergence and interconnectivity of key Bitcoin names since the cryptocurrency was first heard in 2009. The Bitcoin Big Bang is a landmark achievement in itself. The interactive visualization tool debunks the anonymity myth of the blockchain technology and tracks the flow of Bitcoin from one entity to another. Creating Confidence in Bitcoin. The visualization marks more than 250 large entities and identifies the historical transactions....
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London-based bitcoin analytics and security firm Elliptic announced that it has launched "The Bitcoin Big Bang," an interactive visualization that plots the emergence and interconnectivity of the key players in Bitcoin since its genesis in 2009. Elliptic describes The Bitcoin Big Bang as a breakthrough in bitcoin transaction monitoring and compliance that will help "Bitcoin startups thoughout the UK gain banking services" according to Elliptic COO Dr. Tim Robinson. Elliptic has harnessed the underlying technology supporting the visualization to deliver a full suite of anti-money laundering....
London-based bitcoin firm Elliptic has been awarded 'Security Project of the Year' by The Banker magazine. In its second edition, The Banker's Technology Projects of the Year awards, claim to celebrate the 'most innovative and transformational contributions to financial services technology around the world'. Adam Joyce, CTO and co-founder, said in a company post that the award reflected the increasing legitimisation of blockchain technologies and Elliptic's success in building confidence and trust in the bitcoin market. The news comes after the launch of Elliptic's latest product, the....
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....
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....
Bitcoin startup Elliptic has announced a new blockchain visualization tool that draws connections between several well-known dark markets and bitcoin exchanges. Called the 'Bitcoin Big Bang', the feature is part of an offering aimed at businesses looking to beef up their anti-money laundering efforts. The tool, which displays an interactive web of blockchain entities, shows how Silk Road, for example, connects to several 'Known Exchanges' currently operating. Elliptic CEO James Smith told CoinDesk the UK company intends to launch an API in July that will offer a broader range of....