A few moments ago, the team at informed the crypto and investor communities of their new acquisition of Neutrino, a intelligence platform. The tweet went on to explain that the new acquisition will be pivitol in legitimizing and making the industry safer and more accessible to everyone. The full tweet can be found below.
What Exactly is Blockchain Intelligence and How Does Neutrino Do it?
intelligence involves the analysis of data on public blockchains. does this by developing solutions for monitoring, analyzing and tracking flows across multiple networks. This provides a better understanding and insight into the whole ecosystem.
One of the most important uses of intelligence is providing solutions for law enforcement. By tracking suspected funds across multiple blockchains, the services and tools provided by Neutrino can assist in making the crypto ecosystem more secure and safe. An example of a situation where intelligence can make a difference is tracking funds collected by the architects of ransomware. Neutrino can identify geographical areas where the ransomware is active and spot the wallets used for consolidating funds and for cashing-out. These addresses can then be blacklisted by exchanges where the perpetrators might want to cash out. Another scenario would be freezing the funds if the addresses are in the said crypto exchanges.
The team at further explains why they acquired Neutrino and how the acquisition will help prevent on the .
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 and features to more people while helping ensure compliance with local laws and regulations.
Neutrino’s technology is the best we’ve encountered in this space, and it will play an important role in legitimizing crypto, making it safer and more accessible for people all over the world.
What are your thoughts on the current trend by exchanges acquiring companies? We have seen it with Coinsquare StellarX and now acquiring Neutrino. Is it a sign of growth in the industry? Please let us know in the comment section below.
[Feature image courtesy of Unsplash.com]
Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of World News or any of its other writers. Please carry out your own research before investing in any of the numerous available. Thank you.
Published at Tue, 19 Feb 2019 13:12:25 +0000
