A new artificial intelligence (AI) model has been announced by blockchain analysis firm Elliptic in partnership with researchers from MIT and IBM which is meant to identify money laundering activities within Bitcoin transactions. To this effect, the announcement was made after the publishing of their research paper that outlines the methodology and efficiency of this The post Elliptic Unveils AI Model to Trace Bitcoin Money Laundering appeared first on CoinGape .
The Bitcoin price has seen a massive downside this week going into the FOMC meeting on Wednesday. The digital asset’s price saw a sharp 8% drawdown, which sent its price below $57,000, its lowest point in two months. While this came as a surprise to many, one crypto analyst in particular was able to pinpoint
Inflows or outflows? This is the question that most traders want answered as a new batch of XRPs get unlocked.
In an analysis of the state of the cryptocurrency market, expert Alex Krüger highlighted Ethereum‘s (ETH) underwhelming performance. Despite high expectations, Ethereum has not met market hopes, except for stakers and airdrop farmers, who continue to benefit. Krüger pointed out that while Ethereum remains the second-largest blockchain, its overall market influence appears diminished compared to The post Ethereum Fails to Impress Except for Stakers, Says Krüger appeared first on CoinGape .
On Wednesday, May 1, 2024, the U.S. Federal Reserve chose to maintain the benchmark interest rates at their highest in 23 years. The Federal Open Market Committee (FOMC) members noted that although inflation has subsided, it still “remains elevated.” No Change in Federal Funds Rate; Fed Continues Watchful Eye on Inflation Risks On Wednesday, the
Northamptonshire Police’s AI trial uncovered massive violations as people were subject to mass facial recognition technology throughout the trial. While serving in one trial for a week with the AI technology, Northamptonshire Police revealed a shocking figure of 114 mobile phone users and 180 seatbelt users. The pedal that constitutes such permit crimes being “regrettably”
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An Elliptic report shows how MIT-IBM AI Labs used deep learning AI techniques to detect fraud on the world’s dominant blockchain.
The nonprofit crypto advocacy group Coin Center is mulling whether to file an amicus brief in support of the co-founders of the crypto mixer Samourai Wallet. Last week, authorities arrested Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill for allegedly operating an unlicensed money-transmitting business that executed more than $2 billion in unlawful transactions. The The post Crypto Advocacy Group Coin Center Looking To File Amicus Brief To Support Samourai Wallet Co-Founders appeared first on The Daily Hodl .
Asset management titan BlackRock is leading a new fundraising round for Securitize, a US company geared towards the tokenization of real-world assets. According to a new press release, Securitize has completed a $47 million funding round led by BlackRock, which has over $10 trillion of assets under its management and is the largest asset manager The post BlackRock Leads Funding Round for US Firm Focused on Tokenization of Real-World Assets appeared first on The Daily Hodl .