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Blockchain analytics company Elliptic recently announced a groundbreaking development in the fight against money laundering in Bitcoin transactions. Through a collaboration with researchers from the MIT-IBM Watson AI Lab, Elliptic has successfully leveraged artificial intelligence to detect illicit proceeds and identify new patterns of money laundering activities. By utilizing a deep learning model, researchers were
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Recently, six Coinbase customers took legal action against the popular cryptocurrency exchange, Coinbase Global, along with its subsidiaries and CEO, Brian Armstrong. The class-action lawsuit, filed on May 5, makes the bold claim that the digital assets offered on Coinbase are, in fact, securities. This includes well-known tokens such as Solana, Polygon, Near Protocol, and
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Cardano founder, Charles Hoskinson, recently sparked interest in a potential partnership between Cardano (ADA) and Bitcoin Cash (BCH). Hoskinson initiated a poll to gauge public opinion on the idea of collaborating with Bitcoin Cash to enhance its performance through innovative technologies such as proof of useful work (PoUW), non-interactive proofs of proof-of-work (NIPoPoW), and Ergo
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The crypto research platform 10x Research recently highlighted the fact that the Bitcoin Relative Strength has surged to 40%. According to their findings, whenever the relative strength index (RSI) of Bitcoin drops to 40%, the flagship cryptocurrency has historically seen potential rallies. This suggests that Bitcoin could be on the verge of another rally following
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Block, owned by X co-founder Jack Dorsey, recently announced that they will be investing 10% of profits made from bitcoin-related products into monthly BTC purchases. In his Q1 2024 earnings report, Dorsey emphasized the importance of bitcoin as the best candidate for a decentralized open protocol for money. This move comes as Block addresses concerns
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Coinbase, the leading cryptocurrency exchange in the United States, recently reported its earnings for the first quarter of 2024. The company’s total revenue for the quarter stood at a remarkable $1.6 billion, representing a substantial 72% increase compared to the previous quarter. Moreover, Coinbase’s net income reached an impressive $1.18 billion, equivalent to $4.40 per
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