India Ranks First on Global Crypto Adoption Index
According to Chainalysis, India ranked first in the 2024 Global Crypto Adoption Index despite the local prohibition of offshore crypto exchanges. In its fifth annual Chainalysis Global Crypto Adoption Index, released on September 11, the blockchain analysis firm reported that India will continue to be the world’s largest crypto market in terms of adoption in […]
Chainalysis Wins Dismissal in $80M Contract Breach Lawsuit
Manhattan Supreme Court dismissed an $80M lawsuit by ex-employee Blake Ratliff against Chainalysis over alleged stock option breaches. Manhattan Supreme Court Justice Joel Cohen has dismissed a lawsuit against the blockchain analysis firm Chainalysis that sought $80 million in damages. Blake Ratliff, a former employee of Chainalysis, asserted that the company violated a purported oral […]
Chainalysis to Monitor Tether’s Secondary Market for Illicit Activities
Chainalysis will develop a monitoring solution and provide tools to spot illicit activities in the secondary market where Tether trades its stablecoin. By utilizing the newly acquired functionalities, Tether can gain market intelligence and discern wallets associated with illegitimate or sanctioned addresses. Several instruments will comprise the new solution. Four of them were detailed in […]
US May Lose Regulatory Control Over Stablecoin Market – Chainalysis
A new report from blockchain research firm Chainalysis suggests that the US government may lose regulatory supervision of the stablecoin market as activities have increasingly occurred through entities that aren’t licensed in the United States. In its most recent report on cryptocurrencies in North America, published on October 23, Chainalysis noted that non-U.S.-licensed entities have […]
Chainalysis to Slash 15% of Staff in Second Round of Layoffs
Chainalysis, a New York-based blockchain analytics firm, has laid off 15% of its workforce, marking its second round of job cuts in the past 12 months For potential long-term growth, the company intends to reduce expenses, according to Bloomberg. Before the layoffs, Chainalysis had about 900 employees, and it now has 135 fewer. According to […]