Bitcoin Firm Elliptic and LexisNexis Bring Money Laundering Solutions to Bitcoin
LexisNexis has joined forces with bitcoin blockchain surveillance firm Elliptic to restrict illicit transactions with the cryptocurrency, according to reports from Reuters. London-based blockchain startup Elliptic and LexisNexis are hoping that with their service they can include bank-grade Anti-Money Laundering (AML) regulations to the digital currency’s transactions. Who is LexisNexis? LexisNexis is a leading company that provides essential information to banks to adhere to AML controls. It helps 50 of the top 50 U.S banks to avoid crime, lessen business risk, and realize regulatory....
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According to Reuters, a new partnership between LexisNexis and the London-based Elliptic aims to pool resources to prevent illicit bitcoin use and monitor money laundering through bank-grade tracking capabilities. Elliptic and LexisNexis: A Bank-Grade Bitcoin AML on the Horizon. LexisNexis Risk Solutions is a member of the multinational analytics firm....
In a new partnership, LexisNexis Risk Solutions, a global big-data technology and analytics firm, has integrated its anti-money laundering data into Elliptic’s Bitcoin transaction monitoring and compliance products. As a result, clients of Elliptic’s blockchain intelligence service can obtain more meaningful insights by automatically screening Bitcoin entities for links to sanctions, enforcement, politically exposed persons, adverse media and state-owned companies, as well as “exposing money launderers, human traffickers, terrorists and drug dealers who use Bitcoin to make dark web....
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....
Elliptic, a Bitcoin analytics and security firm based out of London, announced 'The Bitcoin Big Bang' on Thursday. The software is a Bitcoin 'transaction monitoring and compliance' visualization that could identify in real time which Bitcoins are legal in a given jurisdiction. CoinTelegraph interviewed privacy researcher and security expert Kristov Atlas and market analyst Tone Vays to discuss their perspectives on privacy, price and compliance in relation to Elliptic's Bitcoin blockchain analytics. Elliptic's team of PhD data scientists and engineers have been working to map the 35 GB....
The blockchain analytics firm have amassed data points on 98% of the market's digital assets. Cryptocurrency risk management firm Elliptic has announced a $60 million Series C funding round led by Evolution Equity Partners and supported by a panoply of venture capital firms including SoftBank Vision Fund 2, as well as existing investors AlbionVC, Digital Currency Group, Wells Fargo Strategic Capital and SBI Group, amongst others.Elliptic's history of funding charts a consistent increase, with their debut funding raise in 2016 totaling $5 million, while their second raise across late 2019....