Chainalysis and Integra Win $1.25 Million IRS Contract to Break Monero

Chainalysis and Integra Win $1.25 Million IRS Contract to Break Monero

Crypto intelligence firm Chainalysis and data forensics company Integra Fec have won a combined $1.25 million contract to provide tools that break the privacy-focused coin, monero, for the U.S. Internal Revenue Service (IRS). Floated early September, the one-year contract specifically covers transactions involving monero (XMR) and second-layer payment solutions such as bitcoin’s lightning network (LN) – features considered by the IRS as conduits for criminal financial activity. Privacy coins are primarily built for the purpose of hiding financial transactions from unwanted....


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Chainalysis and Texas firm win million-dollar IRS contract to crack Monero

The IRS has named the winners of its bounty program to track transactions on privacy tokens and layer-2 protocols. On Wednesday, the IRS awarded two $625,000 contracts looking for tracing tools for privacy token Monero and Layer 2 protocols. The winners were blockchain analytics firms Chainalysis and Integra FEC.The IRS initially publicized its quest for a privacy-busting analytics solution at the beginning of the month. An IRS representative told Cointelegraph that the agency had selected the two winning firms out of a field of 22 proposals received, though the only rationale the....

(XMR) Monero Price Trending Downwards

Monero has ranked among the top altcoins since its release in April, even earning its own market as a trading pair on the altcoin exchange Poloniex. However, the Monero price has been in decline for the past several months. CCN examines this altcoin price movement to help investors make wise trading decisions. Also Read: Monero Market Added To Poloniex Cryptocurrency Exchange. Monero Price Trending Downwards. The Monero price has been in decline for several months, and the fall continued during the past week. On October 24, the Monero price was 212,653 satoshis. Over the next two days, the....

Chainalysis Adds Bitcoin to Balance Sheet — Its First Cryptocurrency Acquisition

Blockchain data platform Chainalysis has announced that it is adding bitcoin to its corporate investment portfolio. This is the company’s first acquisition of cryptocurrency, the CEO revealed. Chainalysis is valued at $4.2 billion. Chainalysis’ First Acquisition of Cryptocurrency Blockchain data analytics firm Chainalysis announced Tuesday the addition of bitcoin to its balance sheet. Chainalysis will acquire bitcoin using the brokerage services of the New York Digital Investment Group (NYDIG), the bitcoin investment arm of Stone Ridge Asset Management.....

Altwars: Monero Beats Litecoin to 4th Biggest Market Cap

Monero (XMR) is challenging the top four cryptocurrencies by market cap, having beaten Litecoin January 3 to reach an all-time high of $227.1 billion. Monero Taunts Litecoin. The privacy-centric altcoin is at press time hovering just below Litecoin’s $222.9 million cap again, making it the fifth-largest according to CoinCap.io. The entry into the top four marks a continuation of an eye-wateringly successful six months for Monero, the value of which as recently as August stood at just $2 per coin. Now, it is almost $17. While the market cap is certainly shy of the $1 billion predicted by....

Poly Network Defi Hacker Returns a Large Fraction of Tokens, Chainalysis Eval...

On August 11, the blockchain intelligence firm Chainalysis published its findings on the recent Poly Network hack which saw the loss of approximately $611 million crypto tokens. The assessment from Chainalysis backed up the claims made by the security company called Slowmist that shows the hacker left a fingerprint on the relatively unknown exchange Hoo.com. As of August 11, at 4:18:39 p.m. (UTC), Poly Network details that the hacker has returned $260 million in assets so far. Chainalysis Observes Hackers Onchain Fingerprints The crypto community has been infatuated with the recent....