Chainalysis to Raise $30M During Financial Round B

Overall investment in Chainalysis amounted to $ 48 million;  company intends to use the funds raised for further product development
13 February 2019   442

New York-based analytical blockchain-startup Chainalysis successfully closed a round of financing for Series B, led by venture capital firm Accel Partners, and raised $ 30 million.

Thus, cumulative investment in Chainalysis amounted to $ 48 million. The company intends to use the funds raised for further product development, as well as opening a research branch in the UK.

At the same time, some analysts believe that such intensive funding will allow Chainalysis to acquire several startups to create its own ecosystem.

It is noteworthy that the company does not disclose the investment assessment after the closing of the round.

Note that more than 100 financial organizations use the services of Chainalysis, which provides transaction analytics in various blockchains and also AML-tools.

Due to the boom of stablecoins in 2018, the company managed to quadruple its revenues by selling AML products.

Bitcoin SV Blockchain to Undergo Reorganization

This happened due to the fact that some blocks were rejected by Bitcoin SV blockchain
19 April 2019   104

Several blocks were rejected by the Bitcoin SV network after the addition, which caused the re-organization in the blockchain's history.

Almost each time someone is trying to produce a very large block on the BSV chain, there’s a reorg. Just an hour ago our Blockchair engine has witnessed a 3-block reorg (I think that's a record)! Blocks #578640–578642 got orphaned by a longer chain because they were too big

Nikita Zhavoronkov

Lead developer, Blockchair

The large blocks, about which Zhavoronkov writes, are no longer displayed by the blockchain browser, since they are not part of the main chain in which they were located until a certain moment, until they were replaced by another chain, which eventually became dominant.

This is basically exactly the problem the BU gigabock testnet identified. At sizes > 100mb the mempools were so out of sync that blocks were basically transmitted as full blocks.

BSV had ONE 128mb block and it caused a six block reorg. On the BU testnet sustained 128mb blocks caused a total breakdown of the chain where there were so many reorgs that every node had a different view of the state of the blockchain.

Chris Pacia

Developer, Bitcoin

Thus, Chris assumes that the problem is caused not by the malicious actions of the network members, but by its functional bug. 

This update is noticeable in the background of recent Bitcoin SV delisting campaign, which was started by the number of big exchanges as a reply to lawsuit by Craig Wright, BSV supporter, against anonymous critic.