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14 August 2020

Blockchain Sleuthing Firm Elliptic Adds 87 Crypto Assets in Arms Race With Chainalysis - CoinDesk

Blockchain Sleuthing Firm Elliptic Adds 87 Crypto Assets in Arms Race With Chainalysis - CoinDesk


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Crypto sleuthing firm Elliptic has expanded its scope to cover some 97% of digital assets by trading volume – the broadest range of any crime-fighting blockchain analytics service, the company said.

That said, touting just the number of coins covered can be “fairly irrelevant,” said Elliptic co-founder Tom Robinson, because analytics shops could be including many ERC-20 tokens that nobody really uses.

“More important is the proportion of all trading volume your supported assets cover,” said Robinson.

Stablecoins tend to be involved in relatively little illicit or fraudulent activity, said Robinson, probably because the issuers have the functionality to freeze accounts or reverse payments in a given stablecoin

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