Blockchain Intelligence Firm Elliptic to Track Bitcoiners Buying Child Abuse Content
With more than 68,000 URLs identified as containing child sexual abuse images, and Unicef Malaysia estimating two million children across the globe are affected by sexual exploitation every year, blockchain intelligence firm Elliptic and non-profit the Internet Watch Foundation have partnered to clamp down on Bitcoin’s role in procuring child sex abuse images. The IWF has provided its database of Bitcoin addresses associated with child sexual abuse content to Elliptic which will integrate the data set into its transaction monitoring and investigation products so as to automatically alert....
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The Internet Watch Foundation (IWF) has announced a partnership with blockchain industry startup Elliptic aimed at fighting online child sex abuse. With the news, the UK-based charity has provided a database of bitcoin addresses associated with sexual abuse content to the startup. Elliptic, in turn, will seek to use the information to "alert financial institutions and law enforcement" of any payments made in support of the illicit activity. In statements, IWF CEO Susie Hargreaves said that the action follows what her organization believes is an increase in the use of bitcoin by....
Unlike financial privacy, the issue of child porn so distasteful that most people shy away from questioning the motives or tactics of those who crusade against it. That’s a mistake. It gives a blank check to those who use this tragedy as a political opportunity to quietly impose policies that might otherwise hit a brick wall. Hardly Heroic. On July 6, a....
Non-profit organization the Internet Watch Foundation (IWF) and blockchain start-up Elliptic have teamed up to tackle those using the cryptocurrency, Bitcoin, to buy child sex abuse images online, the two announced today. London-based blockchain startup Elliptic has created a unique tool that has the ability to trace any suspicious transaction patterns of Bitcoin. Since its inception, the world of Bitcoin has often been shrouded in mystery and negative publicity due to the fact that it some users choose to buy illegal items online from illegal drugs to child pornography because of the....
Blockchain intelligence startup Elliptic has partnered with the Internet Watch Foundation (IWF) to help tackle child pornography bought with Bitcoin. IWF Taps Blockchain Intelligence. Elliptic, which counts major Bitcoin operators including Bitpay among its clients, already reports to law enforcement on various forms of “illicit activity” involving....
On Monday, the blockchain intelligence firm Elliptic announced the company has raised $60 million in a Series C financing round. Elliptic plans to leverage the capital to expand the team and “accelerate” blockchain research and development (R&D).
Elliptic Raises $60 Million to Bolster Expansion
There’s been a number of capital investments and finance injections directed at companies within the crypto ecosystem. On October 11, the blockchain surveillance company Elliptic revealed the firm has raised $60 million from strategic investors. Elliptic highlights....