Blockchain-focused analytical platform Chainalysis has announced the launch of a new website called Market Intel.
The website, according to an official press release, allows asset managers and regulators to access live data and insights on the crypto market activity and usage.
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Chainalysis Co-Founder and CSO Jonathan Levin says the website allows leveraging the transparency of blockchains to make data-driven decisions about why and how to invest in cryptocurrencies and ensure the markets function safely and efficiently.
"Chainalysis was founded on the belief that financial institutions and governments need a trusted data platform to become comfortable with cryptocurrency and ultimately enable its mainstream adoption," Levin added.
Market Intel uses the blockchain data to provide insight into crypto-related economic activity. While roughly $10 billion of cryptocurrency was transferred on-chain for illicit purposes in 2019, about that same amount is transferred on-chain every week for investment and trading, Chainalysis says.
Previously, iHodl reported that the Federal Bureau of Investigation contacted Chainalysis and CipherTrace to investigate the recent attack on Twitter.
In the beginning of June, Chainalysis also added support for two notable cryptocurrencies in Chainalysis Reactor and KYT (Know Your Transaction): Dash and Zcash.
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