Chainalysis to Start Covering Dogecoin on Its Reports
- The blockchain analytical firm made the announcement in the midst of increased popularity to cover the meme coin.

During the announcement, Chainalysis quoted the volume figures that Dogecoin has been printing so far this year. Also, the firm says that it has naturally led to an increased usage of the meme coin for criminal purposes.
“We’ve seen several thefts and scams involving Dogecoin this year, including one giveaway scam that netted fraudsters over $40,000 after they promoted a bogus, Elon Musk-led initiative to pay users 10x back on any cryptocurrency sent to an address they provided, using hacked Twitter accounts to promote the scam following the Tesla CEO’s Hosting Hosting Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Since most forex infrastructure is located at a couple of locations globally, it is wise for the broker to co-locate its infrastructure. The industry’s hotspots are London’s LD4 and LD5, New York NY4 and NY5, Tokyo’s TY3 and Hong Kong’s HK1.Hosting services can be handled internally directly with the datacenter or by using one of the available hosting solutions providers servicing the industry. The world’s most advanced data centers offer specialized products that support evolving equipment standards and technology requirements. This is essential for brokers or exchanges, many of which require a blend of physical security and power usage with turnkey relocation services and support globally.In addition to overall speed, such connections are also very helpful in minimizing security threats. Many companies even outside the finance industry prefer to rely on these types of advances hosting services.The advent of cloud hosting has also led to efficiency improvements, especially for execution and operations. This technology also gives banks a greater opportunity to drive out complexity. Hosting through the cloud also helps develop and launch new and bundled products and services, either on a stand-alone basis or in partnership. Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Since most forex infrastructure is located at a couple of locations globally, it is wise for the broker to co-locate its infrastructure. The industry’s hotspots are London’s LD4 and LD5, New York NY4 and NY5, Tokyo’s TY3 and Hong Kong’s HK1.Hosting services can be handled internally directly with the datacenter or by using one of the available hosting solutions providers servicing the industry. The world’s most advanced data centers offer specialized products that support evolving equipment standards and technology requirements. This is essential for brokers or exchanges, many of which require a blend of physical security and power usage with turnkey relocation services and support globally.In addition to overall speed, such connections are also very helpful in minimizing security threats. Many companies even outside the finance industry prefer to rely on these types of advances hosting services.The advent of cloud hosting has also led to efficiency improvements, especially for execution and operations. This technology also gives banks a greater opportunity to drive out complexity. Hosting through the cloud also helps develop and launch new and bundled products and services, either on a stand-alone basis or in partnership. Read this Term appearance on Saturday Night Live. Dogecoin has also become popular in high-risk jurisdictions like Iran,” Chainalysis said. Furthermore, the analytical company commented that Dogecoin had become a “frequently requested” crypto from customers to cover within their reports.
Fake Giveaway with Dogecoin
The giveaway scam mentioned by Chainalysis occurred in May when cybercriminals took advantage of Musk’s appearance on Saturday Night Live to launch such fraudulent giveaway campaign via Twitter. Reports noted that hackers netted around $100,000 in Bitcoin (BTC), Ethereum (ETH) and Dogecoin. Unfortunately, victims fell prey to the scam by sending small amounts of the crypto, as the fraudsters promised to return ten times the amount invested in the giveaway.
The announcement comes after the blockchain firm secured $100 million in the latest Series E funding round led by the US-based company, Coatue. In addition, Chainalysis’ existing investors, including Benchmark, Accel, Addition, Dragoneer, Durable Capital Partners and 9Yards Capital, also increased their investment in the blockchain analysis firm.
During the announcement, Chainalysis quoted the volume figures that Dogecoin has been printing so far this year. Also, the firm says that it has naturally led to an increased usage of the meme coin for criminal purposes.
“We’ve seen several thefts and scams involving Dogecoin this year, including one giveaway scam that netted fraudsters over $40,000 after they promoted a bogus, Elon Musk-led initiative to pay users 10x back on any cryptocurrency sent to an address they provided, using hacked Twitter accounts to promote the scam following the Tesla CEO’s Hosting Hosting Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Since most forex infrastructure is located at a couple of locations globally, it is wise for the broker to co-locate its infrastructure. The industry’s hotspots are London’s LD4 and LD5, New York NY4 and NY5, Tokyo’s TY3 and Hong Kong’s HK1.Hosting services can be handled internally directly with the datacenter or by using one of the available hosting solutions providers servicing the industry. The world’s most advanced data centers offer specialized products that support evolving equipment standards and technology requirements. This is essential for brokers or exchanges, many of which require a blend of physical security and power usage with turnkey relocation services and support globally.In addition to overall speed, such connections are also very helpful in minimizing security threats. Many companies even outside the finance industry prefer to rely on these types of advances hosting services.The advent of cloud hosting has also led to efficiency improvements, especially for execution and operations. This technology also gives banks a greater opportunity to drive out complexity. Hosting through the cloud also helps develop and launch new and bundled products and services, either on a stand-alone basis or in partnership. Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Since most forex infrastructure is located at a couple of locations globally, it is wise for the broker to co-locate its infrastructure. The industry’s hotspots are London’s LD4 and LD5, New York NY4 and NY5, Tokyo’s TY3 and Hong Kong’s HK1.Hosting services can be handled internally directly with the datacenter or by using one of the available hosting solutions providers servicing the industry. The world’s most advanced data centers offer specialized products that support evolving equipment standards and technology requirements. This is essential for brokers or exchanges, many of which require a blend of physical security and power usage with turnkey relocation services and support globally.In addition to overall speed, such connections are also very helpful in minimizing security threats. Many companies even outside the finance industry prefer to rely on these types of advances hosting services.The advent of cloud hosting has also led to efficiency improvements, especially for execution and operations. This technology also gives banks a greater opportunity to drive out complexity. Hosting through the cloud also helps develop and launch new and bundled products and services, either on a stand-alone basis or in partnership. Read this Term appearance on Saturday Night Live. Dogecoin has also become popular in high-risk jurisdictions like Iran,” Chainalysis said. Furthermore, the analytical company commented that Dogecoin had become a “frequently requested” crypto from customers to cover within their reports.
Fake Giveaway with Dogecoin
The giveaway scam mentioned by Chainalysis occurred in May when cybercriminals took advantage of Musk’s appearance on Saturday Night Live to launch such fraudulent giveaway campaign via Twitter. Reports noted that hackers netted around $100,000 in Bitcoin (BTC), Ethereum (ETH) and Dogecoin. Unfortunately, victims fell prey to the scam by sending small amounts of the crypto, as the fraudsters promised to return ten times the amount invested in the giveaway.
The announcement comes after the blockchain firm secured $100 million in the latest Series E funding round led by the US-based company, Coatue. In addition, Chainalysis’ existing investors, including Benchmark, Accel, Addition, Dragoneer, Durable Capital Partners and 9Yards Capital, also increased their investment in the blockchain analysis firm.