Bitfury, the full-service blockchain technology company, has announced that its Crystal blockchain analytics platform has added Litecoin (LTC) support, along with implementing some other important improvements to the platform’s Case Management monitoring system.
Crystal is an all-in-one blockchain investigative tool, providing a comprehensive view of the public blockchain ecosystem. Crystal’s analytics enhances due diligence and AML compliance procedures for organizations involved with cryptocurrency.
Litecoin (LTC)
The Litecoin addition comes after the Crystal blockchain analytics platform added support for ERC-20, and ERC721 tokens earlier this year. This is the fourth crypto asset to be supported by Crystal.
Introduced in 2011, Litecoin is one of the world’s oldest cryptocurrencies. With the sixth-largest market cap, Litecoin is available for trading across 126 exchanges globally.
Case Management 2.0
Also announced for Crystal were significant improvements to the case management monitoring system. The system will now be separated into both Monitoring and Case Management as two separate management systems.
Monitoring
Monitoring will now be adjusted to improve client transfer management. By targeting mainly seasoned exchanges with this system, we expect this platform update to be a vital tool for those VASPs who deal with thousands of transfers daily and are in need of more robust monitoring.
At the same time, Crystal has introduced a Risky Inflow concept, which can show which part of a deposit transfer is related to illegal activities.
Case Management
The Case Management system will now be delivered as a tool to simplify and organize investigations related to certain cases, including investigations found through suspicious User Activity from the new Monitoring system.
The Activity Notifications have now been moved (from Monitoring to Case Management), so clients can save associated Trackings and Visualizations for those same cases through the updated Case Management system.
