Ciphertrace Announces Enhanced Monero Tracing Capabilities for Governments
Crypto compliance firm Ciphertrace has announced enhanced tools for tracing Monero transactions. “Ciphertrace takes Monero tracing capabilities to the next level with the ability to follow the flow of funds backwards from the transaction of interest to its source,” the company claims. Ciphertrace Claims to Have ‘Enhanced’ Tools to Trace Monero Transactions Blockchain analytics and crypto compliance firm Ciphertrace announced Thursday “enhanced Monero tracing capabilities for government agencies and financial institutions.” The announcement details: Based....
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Cryptocurrency intelligence firm Ciphertrace has filed two patent applications for tools and systems to trace monero transactions. The company aims to enable the detection of criminal uses of privacy coins like monero. Monero Tracing Patents Blockchain analytics and cryptocurrency intelligence firm Ciphertrace announced Friday that it has filed two monero tracing patents. One patent is called “Techniques and Probabilistic Methods for Tracing Monero” and the other is “Systems and Methods for Investigating Monero.” They two patents cover a number of areas, including....
The firm claims it will be able to identify XMR used for illicit purposes to support criminal investigations. Crypto analytics firm CipherTrace announced on Friday that it had filed two patents for technology capable of tracing transactions for privacy coin Monero.In a Nov. 20 blog from CipherTrace, the firm stated that the patents would include forensic tools to explore Monero (XMR) transaction flows to assist in financial investigations, statistical and probabilistic methods for scoring transactions and clustering likely wallet owners, as well as visualization tools and ways to track....
Monero (XMR) has been one of the main privacy technologies in the crypto space for many years now. Unlike what many think, Bitcoin is actually easy to track if a user connects their account to an exchange. But even Monero may be susceptible to tracing, according to a recent press release from CipherTrace. Related Reading: […]
CipherTrace has filed two patent applications it claims offer technologies that could help authorities in tracking monero transactions.
The global payments giant plans to incorporate the crypto intelligence project into its digital currency expansion plans. Mastercard’s focus on crypto and digital currencies appears to have taken a greater dimension given the company’s recent move.According to a release on Thursday, the global payments giant has reached an agreement to acquire CipherTrace, a blockchain intelligence firm with crypto forensics capabilities for over 900 cryptocurrencies.As part of the acquisition, Mastercard says it plans to integrate CipherTrace’s operations into its own cyber security solutions for digital....