Bitcoin Traders Keep Buying the Dip, Blockchain Data Suggests
More bitcoin may be getting HODLed, blockchain data shows.
The hedge funder’s latest crypto bet adds fuel to CipherTrace’s growing crypto compliance and investigations business.
The San Francisco intelligence firm has seen revenues surge as blockchain analysis goes mainstream.
It’s the firm’s second $100 million raise this year.
The largest police force in the U.S. has beefed up rules governing who can trace crypto transactions. It’s been using Chainalysis software since 2019.
The compliance-minded crypto data firm, is now valued at $2 billion after a Series D raise from Paradigm, Ribbit and others.