The Bitcury Technology Group, founded in 2011 as a Bitcoin mining company, has launched a software stack called Crystal, designed to help fight crimes involving Bitcoin. press release published on Tuesday 30 January.

Crystal will allow users to detect and review the criminal activities taking place on the Bitcoin Blockchain and avoid interacting with parts associated with illegal transactions.

The free demo version of Crystal is available for individuals from January 30, while a full version for professional customers will begin to be delivered in March 2018.

Bitfury, it took about two years to develop Crystal. The company launched in 2015 with the idea of ​​providing a tool that would help financial and governmental institutions to fight criminal activities with Bitcoin.

" The industry needs very user-friendly tools so you can can track bitcoin transactions and see if that bitcoin address you get from money is green or black, "said Valery Vavilov, CEO of Bitfury.

The key tool of Crystal is the so-called " detailed risk notation " solution able to trace " suspicious " transactions at the 39 final address or at the point of withdrawal. It can also calculate the risk score of any address, estimated based on the proximity of this address with known illegal activities.

Other tools include autonomous monitoring of Bitcoin addresses, compilation and sharing of security reports. REST Application Programming Interface (API) that will allow third-party platforms to create custom solutions on Crystal tools.

A case of cryptocurrency theft – the first of its kind in the UK – was reported Sunday. 28. Four armed men broke into the home of a cryptocurrency merchant and forced him to transfer all his bitcoins to the thieves.

On January 26, the United States Federal Bureau of Investigation (FBI) issued a warning. about the occurrence of fake email death threats in California that are used as a cryptocurrency extortion tool.

Bitfury's Crystal solution can potentially help in such cases by bitcoins tracki stolen to their point of eventual withdrawal, whereby criminals can be caught red-handed.

Earlier this month, Bitfury made a strategic investment in Emercoin, the cryptocurrency developed to support high-tech projects geared toward the future.