Subscribe to Our Newsletter
Friday July 01, 2022
Bitcoin (BTC) $19,383.77   Ether (ETH) $1,066.27
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
No Result
View All Result
Easily Swap USDT (TRC20) & More
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
CryptoNinjas
Home Featured

Bitfury’s Crystal blockchain analytics tool updated with new enhancements

Published by CryptoNinjas.net
06/04/2019
Bitfury’s Crystal blockchain analytics tool updated with new enhancements

Bitfury, the full-service blockchain technology company, recently rolled out three important product updates in Version 2.2 of the Crystal analytics blockchain platform. These include improvements for the connections, tracking, and notifications features.

Upgraded Feature 1: Activity Notifications

Now users can be notified of changes for a balance and/or a Risk Score for a particular address. This is a critical addition for KYC/AML procedures — it helps users constantly monitor the Risk Score of counterparties and notifies once it reaches a certain level, helping to improve risk management.

Users also can more easily add a set of addresses that participated in a transaction to their visualizations. For example, if an exchange received payment, they may add all the inputs of the transaction in one click. If an investigator, they can add all outputs of a transaction to monitor their activity in the future (this is especially useful when monitoring stolen funds).

Upgraded Feature 2: Indirect Connections

The Crystal team has now upgraded the Connections feature when viewing addresses/entities. The previous version of the Crystal platform showed only the counterparties that interacted directly with the address/entity.

Now, it provides a diagram of all tracked address/entity interactions, and users may switch between Direct Connections and All Connections, which includes both direct and indirect relationships. The upgraded tool analyzes incoming and outgoing transactions and tracks them until the funds reach a known entity. So, if two entities interact via intermediate addresses with unknown owners, the interaction will still be included in “Indirect Connections.”

This upgraded feature is helpful when checking the origin of funds of a specific user during KYC or AML procedures. Using the Connections feature can significantly reduce this tracking time. It can also help users understand why an address/entity received its Risk Score.

The Crystal team says it will continue to optimize this feature, and will be expanding the number of tracked transactions and the length of the path to a known entity.

Upgraded Feature 3: Tracking (for Ethereum Transactions)

In Version 2.2, users can track the funds found in Ethereum transactions. Tracking is one of the most helpful features of the Crystal platform, especially when starting an investigation into cases of theft where the thief tries to confuse the chains of transfers of funds as much as possible.

See the results below of the tracking of funds from the transaction associated with the recent alleged DragonEx hack:

429
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Bitfury opens new crypto mining facility in Ontario

02/22/2022
Bitfury opens new crypto mining facility in Ontario

Bitfury Group, a Bitcoin mining and crypto tech company, today announced the launch of a new 28MW digital asset mining data center in Sarnia, Ontario. The facility has commenced operations with an expected capacity...

Read more

Globitex boosts AML capabilities with Bitfury Crystal amid 5AMLD

02/26/2020
Globitex boosts AML capabilities with Bitfury Crystal amid 5AMLD

Globitex, a crypto exchange & wallet platform, has today announced a cooperation with Bitfury Group’s Crystal Blockchain, which provides boosted Anti Money Laundering compliance and security measures to its clients through the Bitfury Crystal...

Read more

Bitfury unveils new white-label bitcoin (BTC) wallet for business

02/25/2020
Bitfury unveils new white-label bitcoin (BTC) wallet for business

The Bitfury Group, a full-service blockchain technology company, today launched a white-label bitcoin wallet to help businesses integrate bitcoin payments into their operations. White-label mobile wallet for iOS and Android Designed by Bitfury’s Peach...

Read more

Bitfury launches enterprise division for bitcoin-anchored blockchain service

12/05/2019
Bitfury launches enterprise offering for bitcoin blockchain framework

Bitfury, a full-service blockchain technology company, today announced it has launched Exonum Enterprise, a full-service blockchain division building on Bitfury’s Exonum blockchain framework. The Blockchain-as-a-Service (BaaS) offering will help companies and governments easily design...

Read more
Load More

Discussion about this post

Where to Exchange

Crypto services suite in Spanish Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
America's first regulated bitcoin exchange Visit
  • Trending
  • Latest
Cardano asset trading platform Tent integrates COTI stablecoin DJed

Cardano asset trading platform Tent integrates COTI stablecoin Djed

06/29/2022
vlists new USDT-based spot markets in DAI, ADA, AVAX,  LTC, FTT, LINK, and FTM

MoonXBT adds new USDT spot markets in DAI, ADA, AVAX,  LTC, FTT, LINK, and FTM

06/30/2022
Fintech services platform Colendi acquires enterprise blockchain company SETL

Fintech services platform Colendi acquires enterprise blockchain company SETL

06/27/2022
Crypto-gold exchange Vaultoro lowers fees, increases withdrawal limits

Crypto-gold exchange Vaultoro lowers fees, increases withdrawal limits

06/23/2022
vlists new USDT-based spot markets in DAI, ADA, AVAX,  LTC, FTT, LINK, and FTM

MoonXBT adds new USDT spot markets in DAI, ADA, AVAX,  LTC, FTT, LINK, and FTM

06/30/2022
Asian crypto technology solutions firms ChainUp and HS88 team up to grow market

Asian crypto technology solutions firms ChainUp and HS88 team up to grow market

06/30/2022
Societe Generale – FORGE selects METACO to manage blockchain asset capabilities

Societe Generale – FORGE selects METACO to manage blockchain asset capabilities

06/30/2022
Cardano asset trading platform Tent integrates COTI stablecoin DJed

Cardano asset trading platform Tent integrates COTI stablecoin Djed

06/29/2022
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy