Coins: 4021
Market Cap: $120.12B
24h Vol: $14.84B
Dominance: BTC 52.61% ETH 10.59% BCH 1.78%
The Currency Analytics
The Currency Analytics (TCAT)
$0.00340 -4.68 %
Website thecurrencyanalytics.com
Explorer etherscan.io
Community Facebook | Twitter
Market Cap
$0.00
24 Hour Trading Volume
$381,161
24h Low / 24h High
$0.00245 / $0.00375
Available Supply
0

The Currency Analytics (TCAT) price, performance and general information

24h
7d
14d
30d
60d
1y
-4.68 %
-90.26 %
-90.44 %
-92.56 %

The Currency Analytics (TCAT) News

US Crypto Traders are the Most Active on Major Exchanges, Data Shows

US crypto traders are among the most active investors across all major cryptocurrency exchanges. This data came from the data analytics firm DataLight. Crypto traders from the US are the most active across the majority of the exchanges except for @bitfinex, which also has the most even geographical distribution of traders. pic.twitter.com/haxoUP6N57 — DataLight (@DataLightMe) February 4, 2019 US Crypto Traders Most Active The data was taken from five major cryptocurrency exchanges. Many of the other cryptocurrency exchanges used daily were not added to the list. US residents don’t have ... Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

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Chainalysis Report: Two Groups Responsible for Most Publicly Reported Hacks

Two “prominent professional hacking groups” are responsible for the majority of publicly reported hacks of cryptocurrency exchanges and other cryptocurrency organizations, concludes a report published by blockchain data analytics firm Chainalysis this week. According to the report, simply called the Crypto Crime Report, the groups generated around $1 billion of hacking revenues for themselves so far.“Hacking dwarfs all other forms of crypto crime, and it is dominated by two prominent, professional hacking groups,” the report states. “Together, these two groups are responsible for stealing around $1 billion to date, at least 60% of all publicly reported hacks.”HacksExchanges, wallet providers and other custodial services have been prime targets for cybercriminals for years. From the MyBicoin theft and Bitcoinica hacks in Bitcoin’s early days, to the infamous Mt. Gox collapse due to stolen funds and the Bitstamp and Bitfinex hacks more recently, to the Cryptopia theft just several weeks ago, hacks and thefts are a recurring theme in the cryptocurrency space.Now, Chainalysis’ report suggests that many of the same people may be responsible for most of these kinds of hacks. By tracing the movement of funds on from hack to exit point (the exchange where funds were ultimately converted into fiat currency), Chainalysis believes it has been able to pinpoint two prominent hacking groups. Dubbed “Alpha” and “Beta” by the blockchain analytics firm, these two groups, together, would have been responsible for about 60 percent of publicly reported hacks, worth a total of $1 billion, with an average of $90 million per hack.Furthermore, the Chainalysis report notes that both Alpha and Beta went through lengths to shuffle the coins they stole, seemingly in an attempt to obfuscate the source of the funds. This mostly involved a huge amount of transactions moving the stolen funds from address to address, the report notes: “The hackers typically move stolen funds through a complex array of wallets and exchanges in an attempt to disguise the funds’ criminal origins. On average, the hackers move funds at least 5,000 times.”This shuffling was combined with periods of inactivity, presumably to wait until interest in the hacks would die down before converting the cryptocurrency proceeds into fiat currency.MotivesInterestingly, Chainalysis did find that Alpha and Beta are shuffling their loot around using different, independently distinguishable strategies. The blockchain data analytics firm even believes this reveals something about the nature and intent of the two groups.“[W]e suspect that […] Alpha, is a giant, tightly controlled organization partly driven by nonmonetary goals,” writes Chainalysis. “They appear as eager to create havoc as to maximize profits. Alpha seems much more sophisticated, expertly shuffling funds around in a way that suggests they want to avoid detection.”Meanwhile, Beta — the smaller of the two — appears less organized, less skilled at moving the funds around, and more focused on the money itself, according to the report: “They don’t appear to care very much about evading detection, just about getting a clear route to convert illicit assets to clean cash.” In one case, Beta is said to have cashed out more than $32 million in one go.Both groups have been successful in funneling much of their proceeds to exchange it for fiat currency, Chainalysis writes, as more than half of all the hacked funds were converted in less than four months, and about three quarters of the hacked funds were cashed out within six months. This was largely done by using regular exchanges, according to the report, which Chainalysis believes was possible because “exchanges and law enforcement have had limited ability to track hacked funds.”The report does not detail which hacks were analyzed, where the proceeds were cashed out, or any more identifying information about the Alpha or Beta groups. Chainalysis did not respond to inquiries by Bitcoin Magazine before time of publication.You can download the Chainalysis report here. This article originally appeared on Bitcoin Magazine.

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Chainalysis: Darknet Market Activity Nearly Doubled Throughout 2018

Darknet markets are going as strong as ever, if Chainalysis data is to be believed.In its latest Crypto Crime Report, published earlier this week, blockchain analytics firm Chainalysis reports that darknet market activity has nearly doubled throughout 2018. After a slump in late 2017 and early 2018 due to the closure of two major online marketplaces for illicit activity — AlphaBay and Hansa — volume has since almost completely recovered to early-2017’s all-time high levels, surpassing $600 million worth of bitcoin for the year.“Law enforcement has been working hard to stop illicit activity on darknet markets, and there have been some notable successes like the closure of AlphaBay,” the report notes. “Overall, these markets continue to thrive, however, as participants simply move their business to other platforms and technologies.”Whack-A-MoleDarknet markets, the online market places for illicit goods and services that operate on hidden services and use bitcoin (and sometimes altcoins like litecoin and monero) for payments, have been around in their current form since 2011, when Ross Ulbricht founded Silk Road.Although this pioneering darknet market was shut down by law enforcement in 2013, others have since taken its place. What’s more, the size and volume of these markets have only grown over the years. According to Chainalysis data, trading volume at identified darknet markets was over $700 million dollars worth in 2017 — where Silk Road never accounted for more than $200 million a year.The Silk Road’s biggest and best-known successor, other than Silk Road 2.0, may have been AlphaBay, with Hansa following closely behind. In the summer of 2017, both AlphaBay and Hansa joined in Silk Road’s fate, however, and were closed down by law enforcement. Silk Road 2.0 had already been shut down in 2014.Yet, once again, in the greater scheme of countering darknet markets, this only proved to be a stop-gap solution. In what Chainalysis describes as “playing whack-a-mole with darknet markets,” alternative and new platforms took the place of the old, and after an initial drop, overall trading volume rebounded as well. Throughout 2018, this totaled over $600 million, Chainalysis estimates, with more than $2 million a day toward the end of the year.“Darknet market activity has been remarkably resilient over the last few years, despite continued efforts by law enforcement to shut down illicit activities,” Chainalysis writes in its report. “When one darknet market closes, others pop up to take its place.”Chainalysis points to the Russian-language Hydra as one of the main successors of AlphaBay, which has doubled its activity since the latter was closed in 2017. Other major darknet markets that are active today include Dream Market and Wall Street Market.Bitcoin and Darknet MarketsWhile bitcoin is still the currency of choice on most darknet markets, Chainalysis does believe that this type of activity has come to constitute a much smaller share of total bitcoin usage over time. While up to 7 percent of transacted bitcoin value in 2012 and 2013 — the peak of the Silk Road — was related to darknet markets, this is now well below 1 percent, Chainalysis estimates.The blockchain data analytics firm also found that the bitcoin price has little effect on its use for these kinds of illicit activities.“Darknet market activity is relatively price inelastic; that is, you don’t see a drop in this type of activity when cryptocurrency prices fall. In fact, in 2018, when Bitcoin volumes dropped by 78%, darknet market activity nearly doubled,” the report notes.This inelasticity is in large part because users of these markets often merely use bitcoin as a vehicle to move value around — not for speculative purposes. Consumers buy bitcoin with fiat currency on one end of the trade, and dealers sell the bitcoin for fiat currency on the other. Indeed, Chainalysis found that more funds were flowing to darknet markets toward the end of the week (as buyers move to purchase goods), while dealers generally move their bitcoin out on Mondays to cash in their proceeds.Finally, Chainalysis describes how, as law enforcement is getting better at shutting down darknet markets, a new and potentially even more resilient model for darknet market activity is emerging. Moving away from centralized platforms, the analytics firm reports that an increasing amount of trading is taking place on encrypted messaging apps.“Top law enforcement officials tell us that criminals are migrating increasingly to encrypted messaging apps including Telegram and WhatsApp to execute illegal transactions. When conducted through these apps, transaction activity is decentralized and person-to-person; there’s little risk that law enforcement will shut down the entire network by closing a website,” the report reads.You can download the Chainalysis report here. This article originally appeared on Bitcoin Magazine.

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Crypto Hacks Take $1.7 Billion in 2018—Yikes!

Yesterday, a rather shocking cryptocurrency anti-money laundering report was released by the crypto analytics company CipherTrace. This report states that around $1.7 billion worth of cryptocurrency was obtained illegally in 2018. What’s more surprising is that crypto hacks happened three times more than in 2017. No wonder institutional investors don’t want to put big money into the crypto industry yet. Crypto Hacks Worth $1.7 Billion Of the total stolen in 2018, over $950 million was from cryptocurrency exchanges. This is 3.6 times more than what was stolen from exchanges in 2017. The rest of the funds ... Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

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New Crypto Trading Report Shows Japan’s JPY Currency Tops US Dollar in Terms of Overall Volume

As per newly acquired data from analytics provider Coinhills, the JPY/BTC pair has pushed past the USD/BTC pair in terms of its global trade volume. To be even more specific, we can see that over the course of the past day or so, a total of 490,925.45 BTC has been traded against the JPY. In […]

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General

Name The Currency Analytics
Symbol TCAT
Rank #2192
The Currency Analytics price $0.00340
Market Cap $0.00
Trading Volume $381,161
24h Low / 24h High $0.00245 / $0.00375

All time high

All time high $0.06173
All time high date 2019-01-12 (one month ago)
Since all time high -94.48 %

Performance

24 hours -4.68 %
7 days -90.26 %
14 days -90.44 %
30 days -92.56 %

Social

Facebook likes 0
Reddit subscribers 0
Twitter followers 4486

Developer

Stars 0
Forks 0
Merged pull requests 0
Contributors 0