Chainalysis Announces It Will Cover DOGE in Its Forthcoming Reports

Chainalysis Announces It Will Cover DOGE in Its Forthcoming Reports
  • Chainalysis announced it will incorporate DOGE in forthcoming reports.
  • Dogecoin (DOGE) one of the most requested coins to cover.
  • Chainalysis include insights into the movements of DOGE.

Chainalysis, the blockchain analysis firm, announced it will now incorporate Dogecoin (DOGE) in its forthcoming reports. Dogecoin (DOGE) is a well-known meme coin. Dogecoin started as a joke meme, but now it becomes one of the most popular cryptocurrencies.

Chainalysis experienced constant growth this year, as a result of government and other organizations increasing their tracking capabilities for limited crypto assets.

Accordingly, DOGE become popular after the promotion by Tesla CEO, Elon Musk, who has brought knowledge of it to the general audience. This promotion and popularity have also put dogecoin in the eyes of frauds, criminals, and regulators, like internet scammers. Who uses the image of Musk and its relationship with dogecoin to steal cryptocurrency from users.

In fact, this has happened several times, with the recent scam gathered $40,000 from users that sent a number of coins expecting to get the double from Tesla’s CEO, Elon Musk.

Furthermore, these are the factors that have made dogecoin (DOGE) one of the most requested coins to cover and incorporate from public and private sectors, that want to enhance compliance when dealing with this new asset. According to the report provided by Chainalysis, it will also include insights about the movements and origin of dogecoin (DOGE) tokens in the market.

Even more, Chainalysis reported, “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 appearance on Saturday Night Live”

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