Technology | December 8, 2021

Crystal adds monitoring support for 10 new cryptocurrencies

by the Crystal product team

10 New Currencies Supported 

In this release, we are introducing support for 10 new cryptocurrencies. Starting with this release Crystal will support the following currencies: 

  • Dogecoin (DOGE) 
  • Dash (DASH) 
  • Zcash (ZEC) 
  • Algorand (ALGO) 
  • Tron (TRX) 
  • EOS 
  • Solana (SOL) 
  • Polygon (MATIC) 
  • Cardano (ADA) 
  • Binance Smart Chain (BSC) 

Crystal will also support 12 additional tokens on Tron and Binance Smart Chain. The supported tokens include USDT, WBTC, and USDC. With this latest release, compliance officers will be able to check more growing currencies to attain a more detailed profile of their customers.  

This latest support includes transaction data such as the date, amount in crypto and fiat, the transfer counterparty, risky amount based on direct interactions. There will also be alerts based on the following rules: 

  • If one of the transaction inputs/outputs is in the blocklist 
  • If there is a direct interaction with specific entity types 
  • If there is direct interaction with custom groups 
  • Particular transactional patterns 

This increased coverage means more transparency and more safety on more blockchains for our customers, so our users can trade and operate in a more secure manner across multiple blockchains. The team will continue to increase this support to ensure we are covering the biggest percentage of blockchain transactions we can.

Entity Visualization Tool

We continue to implement new functionality in our visualization tool, and there will be several enhancements with this latest release.  

  1. Time and date filter: we have added a time and date filter to the visualization, so now you can select the date range, and the transactions that took place during that period of time will be highlighted. This may be useful for investigators to identify specific activity before or after a certain event.  
  2. Entity visualization: If you filter the visualization tool by addresses, you can now switch to visualization by entities. In this way, addresses with the same owner will now be grouped and the visualization will be rebuilt to show these entities. This will allow users to change a view without rebuilding it manually.  

The addition of the time and date filter means that users can now highlight relevant data for easier readability. Visualizing by entity enables more clarity and improved specificity, as we can see these groups of addresses clustered together on a user-friendly graph.

User Interface Improvements 

Users can select the way the address, transaction, and block hashes are displayed throughout the service. In the profile settings, they can choose whether to display only the first symbols that fit the width or the first and the last 6 symbols of the hash. This will allow users to adjust the view so that it would match their formatting requirements.  

These updates show Crystal’s commitment to enhancing safety and transparency in the blockchain ecosystem, and our continued efforts to improve our products. 

Next steps: 

Contact the Crystal Blockchain team at [email protected] to learn more about our solutions. Whether you’re new to the platform, you’ve run into some issues, or you’re seeking clarification on the recent updates, our team is happy to assist you.

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