InsideBitcoins.com

Huobi Group to Launch On-Chain Analytics System to Prevent Crime on Blockchain Networks

Criminals Sent $2.8 Billion In Bitcoin to Crypto Exchanges: Chainalysis

Huobi Group, a “leading global digital asset financial service provider,” has just announced Star Atlas, an analytics tool for on-chain analysis the group is launching. The goal is to maintain criminal activities on different blockchains and ensure the safety of traders around the world.

According to a press release, this project launch is also meant to “ease regulator concerns that cryptocurrencies are easily manipulated by criminals.”

Speaking on the matter is Ciara Sun, the Vice President of Global Business at Huobi Group:

“It’s estimated that only a small percentage of cryptocurrency transactions are illicit, but any incident—regardless of size—is a stain on the entire industry. As one of the most active crypto exchanges on the market, we see it as our responsibility to take a leading role in preventing the minority of bad actors from ruining it for the vast majority that follows the rules.”

To help track on-chain activity, Star Atlas maintains a constantly updated blacklist of criminal addresses to assist in detecting “malicious accounts” and “even dark web transactions.” It also keeps an eye out for “high-risk” activity.

Otherwise, the Huobi Group recently pushed out a new trading app for its users, as InsideBitcoins has previously reported on.

Top brokers for buying and trading cryptocurrencies

  • Platform
  • Features
  • Rating
  • Visit Site
  • US-Friendly
  • Paypal accepted
  • 12+ cryptocurrencies
4.5/5

Visit Site
75% of retail investors lose money.
eToro Reviews

    eToro Reviews

    https://insidebitcoins.com/visit/etoro-newsCreate your account
    Hide eToro Reviews
    • Best broker for non-US countries
    • Trade crypto CFDs, forex and stocks
    • No withdrawal or deposit fees
    4.5/5

    Visit Site
    80.5% of retail investors lose money.
    Plus500 Reviews

      Plus500 Reviews

      https://insidebitcoins.com/visit/plus500-newsCreate your account
      Hide Plus500 Reviews
      Remember, all trading carries risk. Past performance is no guarantee of future results.
      Avatar

      Cryptocurrency and games writer. Looking to the future by studying how these two industries can blend.