Criminal Activity in Crypto Transactions Fell Sharply in 2020, Says Chainalysis
Partly offsetting the positive trend is an explosion in ransomware attacks, which rose 311% from 2019.
Philip Gradwell of Chainalysis said on CoinDesk TV that “relatively little” ether was bought above $1,850 and even less was bought at $2,000 or above.
Governments are becoming increasingly interested in crypto transaction surveillance, as FinCEN's hire suggests.
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.
Darknet marketplaces received $1.7 billion during 2020, Chainalysis says.