ChainCatcher news, according to Cryptonews, analysis company Chainalysis announced its acquisition of Web3 security company Hexagate, which specializes in detecting and mitigating real-time threats on blockchain networks. Hexagate focuses on detecting threats, including network vulnerabilities, hacking attacks, and governance risks. The security company's machine learning models monitor blockchain networks in real-time, identifying suspicious patterns and anomalous transactions. Hexagate's clients include Coinbase and Consensys.Chainalysis stated that by acquiring Hexagate, the company will be able to provide clients with comprehensive risk management covering prevention, compliance, and remediation.

ChainCatcher message, according to a recent report released by Chainalysis, there are currently over 400 million wallet addresses holding cryptocurrency. Although the number of wallets cannot be equated with the number of users since institutions and individuals can manage multiple wallets, the significant growth in wallet addresses indicates that the adoption of cryptocurrency is steadily increasing.According to the report's charts, the number of wallet addresses holding cryptocurrency has grown more than four times since 2020.

ChainCatcher news, according to CoinDesk, cryptocurrency analytics firm Chainalysis has appointed co-founder Jonathan Levin as CEO, replacing co-founder Michael Gronager, who stepped down in September.

ChainCatcher news, Chainalysis pointed out in a blog post that there have been many seemingly positive developments in the cryptocurrency ecosystem this year.It noted that with the approval of spot Bitcoin and Ethereum ETFs in the U.S. and the Financial Accounting Standards Board (FASB) revising fair accounting rules, cryptocurrencies continue to gain mainstream recognition in many ways.Chainalysis also mentioned that the funds flowing into "legitimate" services so far this year are at the "highest level" since 2021 (the last peak of the bull market). It pointed out that illegal activity funds have decreased by "19.6%, from $20.9 billion to $16.7 billion, indicating that the growth rate of legitimate activities is outpacing on-chain illegal activities."These signs suggest that cryptocurrencies will continue to be "adopted globally," which is also reflected in Japan's crypto ecosystem. Overall, Japan's services have a "generally lower exposure to global illegal entities, such as sanctioned entities, dark web markets (DNM), and ransomware services, as most Japanese services primarily target Japanese users."However, the report clarifies that this does not mean Japan is "completely immune to crypto-related crime," with public reports including Japan's Financial Intelligence Unit (FIU) JAFIC emphasizing that cryptocurrencies pose a "significant money laundering risk." Chainalysis further pointed out that although Japan's contact with international illegal entities may be limited, the country "is not without its own local challenges. Off-chain criminal entities utilizing cryptocurrencies are common but often remain unknown." (Crowdfund Insider)

ChainCatcher message, according to a report by Chainalysis, despite facing war and regulatory issues, cryptocurrency adoption across Eastern Europe has been steadily increasing, driven by institutional and DeFi activities. As the fourth largest cryptocurrency market globally, Eastern Europe had an on-chain value of $499.14 billion from July 2023 to June 2024, accounting for 11% of the total global cryptocurrency share.Chainalysis further noted that CEX is the region receiving the most cryptocurrency, "close to $324 billion, with DeFi activity significantly increasing over the past year, with a cryptocurrency value of $165.46 billion, accounting for one-third of the region's inflows."The report also mentioned that in this year's global cryptocurrency adoption index, regional participants Ukraine and Russia are "ranked 6th and 7th respectively, with Russia rising 6 places from last year's ranking."

ChainCatcher news, according to Bloomberg, research shows that the usage of Tether (USDT) is shifting towards the Europe, Middle East, and Africa (EMEA) time zone, particularly in countries lacking access to the global banking system, such as Russia and Iran.Chainalysis data indicates that from January to October this year, newly activated USDT wallets are primarily concentrated between 9 AM and 2 PM Coordinated Universal Time (UTC), aligning with daytime hours in Moscow, Tehran, and Istanbul. As the U.S. intensifies its investigation into Tether, particularly regarding potential involvement in anti-money laundering and sanctions issues, the use of USDT is drawing regulatory attention.

ChainCatcher news, according to Cointelegraph, Chainalysis stated in its latest report on cryptocurrency adoption trends in North America that the pace of stablecoin adoption in the U.S. has slowed compared to the global market in 2024. This year, there has been a significant shift in stablecoin activity in the U.S. market, with the share of stablecoin trading on U.S.-regulated platforms dropping from about 50% in 2023 to below 40% in 2024. In contrast, the share of stablecoin trading on non-U.S. regulated platforms has surged significantly since 2023, surpassing 60%.Chainalysis emphasized that this shift does not necessarily indicate a sharp decline in U.S. stablecoin activity, but rather reflects the rapidly expanding role of stablecoins in emerging markets and non-U.S. jurisdictions. Chainalysis noted that as more countries develop regulatory frameworks to encourage stablecoin adoption, U.S. policymakers are facing increasing pressure to take action.

ChainCatcher news, blockchain analysis company Chainalysis is facing a $650 million defamation lawsuit for allegedly mislabeling the YieldNodes project as a scam. The case is set for a hearing on October 16 in the New York Supreme Court.The plaintiff, Exceptional Media, claims that Chainalysis's erroneous classification has caused serious damage to its reputation and client base, and was made with malice. Chainalysis has filed multiple motions to dismiss, arguing that the complaint fails to prove its analysis was incorrect and maintains that YieldNodes could indeed be an investment scam. Chainalysis declined to comment on the case.

ChainCatcher news, Michael Gronager, co-founder and CEO of blockchain analysis company Chainalysis, has stepped down from his leadership role after ten years.A spokesperson for Chainalysis confirmed that Gronager has been on "leave" since September 25 due to "personal issues." It is currently unclear whether Gronager plans to return or when. The spokesperson stated that Chainalysis President and COO Sari Granat will serve as interim CEO.

ChainCatcher news, according to Cointelegraph, a recent report by Chainalysis indicates that stablecoin transactions now account for 43% of the total cryptocurrency trading volume in Sub-Saharan Africa, primarily due to the devaluation of local currencies leading to a surge in demand for stablecoins. The significant devaluation of currencies in Nigeria and Ethiopia has driven the widespread use of stablecoins, particularly in Nigeria, where the cryptocurrency trading volume reached approximately $59 billion over the past year, with 85% of transactions being below $1 million.The report also noted that stablecoins are gradually replacing Bitcoin as the most accepted cryptocurrency asset in South Africa.

ChainCatcher message, according to a recent report by Chainalysis, the UAE is an exception, with growth trends across all scales, indicating that the country's "adoption pattern is balanced and comprehensive." Chainalysis emphasized that the UAE received over $30 billion in cryptocurrency from July 2023 to June 2024, ranking among the top 40 globally.It added that this growth is driven by various factors, including regulatory innovation, institutional interest, and expanding market activity. The UAE's DeFi adoption rate is higher than the global average, with a significant portion of transactions conducted through DEX.Globally, 27.8% of crypto transactions are conducted through DEX, while in the UAE, this figure is 32.4%, the highest in the Middle East and North Africa region. Compared to last year, the total value of crypto received through DeFi services in the UAE grew by 74%, while the value of tokens received through DEX increased by 87%, rising from around $6 billion to $11.3 billion.

ChainCatcher news, according to CoinDesk, Chainalysis CEO Michael Gronager stated in an interview that stablecoins will drive institutional adoption in Asia, although regulators are not pleased with this. Despite the high cryptocurrency adoption rate among Asian users, the United States remains the most influential region in the crypto industry.Gronager pointed out that two-thirds of the transaction volume on the blockchain comes from stablecoin transactions. Additionally, he believes that the upcoming U.S. presidential election will have little impact on the crypto industry, and whether Trump or Kamala Harris wins, the situation will not change significantly.

ChainCatcher news, according to Cointelegraph, Chainalysis CEO Michael Gronager stated at the Token2049 in Singapore that government prosecutors and tax authorities will use AI Agents to regulate all cryptocurrency transactions and "solve crimes" within 5 years, and these AI Agents can even identify cryptocurrency tax evaders.

ChainCatcher news, according to CoinDesk, the blockchain analysis company Chainalysis has released its annual report showing that India and Nigeria continue to hold the top two positions in global cryptocurrency grassroots adoption, while Indonesia is the fastest-growing market. The main points are as follows:Indonesia jumped 4 places to third, becoming one of the fastest-growing crypto markets. In the Central and South Asia and Oceania (CSAO) region, Indonesia's annual growth rate is nearly 200%, with the highest value of cryptocurrency received at approximately $157.1 billion.India's return to the top may be attributed to its recent registrations with offshore exchanges such as Binance and KuCoin, providing more credibility to the crypto ecosystem.

ChainCatcher news, according to Cointelegraph, the blockchain analysis company Chainalysis allegedly accidentally leaked a video about Monero (XMR) token tracking methods, which was subsequently deleted.

ChainCatcher news, the latest report from blockchain analysis company Chainalysis points out that Russia is building financial infrastructure to use cryptocurrency for international trade and evade Western sanctions. The report emphasizes that a bill recently passed by the Russian parliament legalizes cryptocurrency mining and allows the use of cryptocurrency for international payments. These bills were signed into law by President Putin on August 8, and a pilot program for crypto payments will begin this September. The Central Bank of Russia (CBR) will oversee the pilot for cross-border cryptocurrency transactions and is testing the digital ruble, which is expected to launch in 2025.Valerie Kennedy, head of investigations at Chainalysis, stated that the CBR is leading the way in integrating cryptocurrency into the Russian financial system for cross-border payments. The report notes that centralized cryptocurrency exchanges within Russia, such as Garantex, may be used to process cross-border payments.Chainalysis also stated that Russia is exploring other methods to bypass Western sanctions, including blockchain initiatives with BRICS countries and a potential collaboration with Iran to launch a gold-backed stablecoin.

ChainCatcher news, according to CoinDesk, Eric Jardines, head of research at blockchain analysis firm Chainalysis, stated that although the dollar value of crypto crime is significant, the proportion remains relatively small: less than 1% of on-chain value is related to illegal activities. Additionally, fraud methods such as "pig butchering" are currently the mainstream means of crypto crime.

ChainCatcher message, according to The Block, the latest report from blockchain analysis company Chainalysis shows that illegal cryptocurrency activities have decreased since the beginning of this year, while the inflow of funds into legitimate services has reached its highest level since the last bull market in 2021. So far this year, the total amount of illegal activities has decreased by 19.6%, from $20.9 billion to $16.7 billion.The report points out that, in addition to the reduction in illegal activities, the inflow of funds into legitimate services has also reached its highest level since the peak of the last cryptocurrency bull market in 2021. This indicates that cryptocurrency is being continuously adopted globally.