Blockchain data analysis startup secures $3.5 million funding, focusing on on-chain illegal activity identification.

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Recently, a startup focused on Blockchain data analysis secured $3.5 million in funding. This round of financing was led by a fund specializing in Blockchain technology, with participation from a venture capital firm under a large Financial Institution.

The core business of this startup is on-chain data analysis. Their technology is capable of identifying potential illegal activities from cryptocurrency transactions. This analytical capability stems from the characteristics of Blockchain technology: all transactions are permanently recorded on a public distributed ledger, accessible to anyone.

Not only has Bitcoin adopted this transparent transaction mechanism, but many other cryptocurrencies have also adopted similar technological architectures. This provides the company with a vast space for data analysis. By conducting in-depth analysis of this publicly available transaction data, they are able to provide valuable insights and services.

The success of this round of financing indicates that investors hold a positive attitude towards the prospects of the Blockchain data analysis sector. With the continuous development of cryptocurrencies and Blockchain technology, the demand for tools and services capable of extracting valuable information from massive transaction data is also on the rise.

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LayerZeroHerovip
· 9h ago
Funding is still needed for police work.
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MaticHoleFillervip
· 10h ago
Really became a special agent.
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