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Coinbase acquires blockchain intelligence platform Neutrino

Coinbase acquires blockchain intelligence platform Neutrino

US-headquartered bitcoin exchange Coinbase today announced it has acquired Neutrino, a blockchain intelligence platform. The blockchain engineering and security experts at Neutrino will continue to operate as a standalone business based out of the Coinbase London office.

Neutrino is focused on developing a comprehensive platform for analyzing, tracking and investigating bitcoins’ blockchain and other virtual currencies.

The platform provides actionable insight on bitcoin transactions, useful for anyone involved in such applications:

– Law Enforcement following stolen bitcoins or investigating other crimes.
– Compliance and Regulatory Organizations in need for a KYC/AML policies in order to accept bitcoin transaction under the new normative.

“Blockchain intelligence is increasingly important in the crypto ecosystem and is necessary to achieve our mission of bringing the open financial system to the world. By analyzing data on public blockchains, Neutrino will help us prevent theft of funds from peoples’ accounts, investigate ransomware attacks, and identify bad actors. It will also help us bring more cryptocurrencies and features to more people while helping ensure compliance with local laws and regulations.”  

Varun Srinivasan, Engineering Director, Coinbase

Neutrino was founded in 2016 by a team of cybersecurity specialists with over 30 years of experience in the field of technology exploitation and intelligence gathering. Neutrino supplies in-depth and flexible investigative solutions to the world’s most crypto-savvy experts within leading financial services companies and law enforcement agencies.

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Source:Coinbase

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