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KYC, Bitcoin, and the failed hopes of AML policies: Tracking funds on-chain

[Mar 20 10:00 AM] The cornerstone of the modern approach to money laundering is to prevent illicit funds from entering the financial system. The rationale is understandable: if criminals won’t be able to use their money, they will have to eventually stop whatever…

Why Blockchain Surveillance Needs FinCEN’s PATRIOT Act Ploy

[Oct 25, 2023 7:04 AM] FinCEN’s Proposal of Special Measure Regarding Convertible Virtual Currency Mixing, as a Class of Transactions of Primary Money Laundering Concern would criminalize Bitcoin privacy tools under the suspicion of money laundering. The proposal cites…

US Government Frames Bitcoin Privacy As “Criminal”

[Oct 2, 2023 10:00 AM] In another unfortunate turn of events for anyone hoping their right to privacy to be protected as guaranteed by the US Constitution, the UN Declaration of Human Rights, or applicable state and federal law, the US government has argued that the…

Bloomberg Calls Questioning Of Chainalysis ‘Smear Campaign’, Raises Questions Of Media Integrity

[Sep 15, 2023 1:00 PM] Journalism has been getting an ill rep. A survey held by the communications firm Edelmann has found that trust in the media in the UK was at 35% and 37% in 2021 and 2022, while trust in the media in the US was only a few basis points ahead, with…

Chainalysis Denounces Bitcoin Core Contributor As “Unqualified”

[Sep 9, 2023 11:00 AM] If you haven’t had a good laugh at Chainalysis’ attempts to defend the use of its blockchain forensics software for law enforcement purposes in light of recent court proceedings, now may be the time.After having to admit to the lack of scientific…

Chainalysis, The Theranos Of Blockchain Forensics?

[Aug 31, 2023 11:30 AM] After Chainalysis Head of Investigations Elizabeth Bisbee had to admit to the lack of scientific evidence for the accuracy of Chainalysis’ Reactor software, experts of blockchain surveillance firm CipherTrace lay bare flaws in Chainalysis’…

Chainalysis Investigations Lead Is ‘Unaware’ of Scientific Evidence the Surveillance Software Works

[Aug 28, 2023 9:00 AM] Chainalysis' head of investigations doesn't seem to have a great understanding of whether her company's flagship software even works.Elizabeth Bisbee, head of investigations at Chainalysis Government Solutions, testified she was “unaware” of…

Liquidators Of Sam Bankman-Fried’s Alameda Research Have Scavenged $110 Million Of Bitcoin After Losing Billions

[May 31, 2023 12:51 PM] Liquidators in charge of the recovery of assets for the now-disgraced Alameda Research hedge fund founded by Sam Bankman-Fried currently control over $110 million worth of bitcoin held in various wallets, according to a report supplied by…