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Chainalysis Raises $30 Million for European Expansion

The cryptocurrency compliance platform Chainalysis has secured approximately $30 million through a Series B funding round led by venture capital firm Accel. This raise comes 10 months after the company garnered an initial $16 million in Series A funding.

The new money will be used to open an office in London that will house a Chainalysis research and development laboratory and will also go toward new product launches and regional expansion.

“While other companies in our industry are pulling back ... we are focused on empowering new cryptocurrency use cases like stablecoins and supporting businesses and governments globally as cryptocurrency regulation becomes more defined,” CEO and co-founder Michael Gronager said, per a press release shared with Distributed.

Founded in 2014, Chainalysis provides cryptocurrency advice, compliance solutions and investigative tactics to law enforcement agencies, businesses and government officials around the world. The company focuses on battling illicit activity in the digital asset space while boosting transparency and trust in the blockchain.

In 2018, the company launched its patented anti-money laundering and compliance software for cryptocurrencies. Known as Chainalysis KYT (know your transaction), the software works in real time to examine bitcoin, bitcoin cash, ether and litecoin transactions and solidify their legitimacy. According to the company, approximately 100 separate cryptocurrency exchanges and businesses utilize the software to monitor their customers’ activities, including global cryptocurrency exchange Binance, blockchain product developer Paxos and stablecoin issuer TrustToken.

Google Adds Bitcoin Symbol to iOS Keyboard

Source: Reddit

Google has added the Bitcoin symbol to its keyboard on iOS, making it one of several alternative currency symbols available when users hold down the dollar symbol key.

Germany Opens Industry Consultation Process for Blockchain Strategy

Source: Reuters

Ahead of announcing an official strategy for leveraging blockchain technology more widely, the German government has opened a process for receiving recommendations around the technology from local companies and industry groups. Germany is Europe's largest economy and Berlin is home to numerous blockchain startups. The solicited recommendations could lead to official legislative action in the near future.

In the Post ICO World, CoinList Prepares Crypto Projects for Investment

ICOs emerged quickly as a popular model for crypto startups to raise funds, exposure and customer interest. But the world of ICOs took a nasty turn in 2018, with many projects that used the model unable to deliver on their promises to investors or turning out to be downright phony.

NFTs: How They Work and How They’re Bridging Blockchains and the Collectibles Industry

The upcoming NFT.NYC event highlights the growing role that non-fungible tokens (NFTs) are playing in the crypto industry — and a growing intersection between crypto assets and collectibles.