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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The recent guilty plea of Russian national Alexander Vinnik, the operator of the infamous crypto exchange BTC-e, sheds light on the dark underbelly of the cryptocurrency world. Vinnik’s involvement in money laundering activities through BTC-e, which was one of the largest crypto exchanges globally between 2011 and 2017, highlights the ease with which illicit funds
The cryptocurrency world is currently in a state of excitement and speculation as a deep learning model has projected a significant increase in the price of Bitcoin (BTC) in the near future. Despite the AI’s optimistic prediction, financial experts are advising investors to maintain a sense of caution when interpreting the forecast. This article will
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Recently, a 46-year-old housewife in Hong Kong found herself in a nightmarish situation after investing a staggering 7.1 million Hong Kong dollars ($908,000) in a fraudulent crypto investment platform. The woman was targeted by fraudsters who contacted her through Instagram in July 2022, urging her to invest in cryptocurrencies through a link to a deceitful
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Parallel Studios, known for their Ethereum-based NFT game Parallel, has ventured into the realm of survival simulation with their latest creation, Colony. This groundbreaking game, built on the Solana blockchain, integrates artificial intelligence (AI) to provide players with a unique gaming experience that has garnered significant attention within the gaming community. Colony sets itself apart
The recent collaboration between Ilya Lichtenstein and federal prosecutors has shed light on the illegal activities surrounding Bitcoin Fog, a crypto mixing service. It is essential to understand the context of the case, with Lichtenstein being the key figure behind the looting of billions of dollars from Bitfinex. His involvement in money laundering activities, particularly
PlutoSwap (PLUTO) has emerged as a noticeable player in the DeFi space, capturing the attention of investors with its innovative AI-Powered DEX aggregator. The project recently initiated its community presale, allowing early participants to get involved in its success from the outset. One of PlutoSwap’s standout features is its cutting-edge AI-powered pathfinder algorithm, which helps
With major cryptocurrencies like Bitcoin and Ether experiencing recent price declines after hitting significant highs, investors are turning their attention to the altcoin market in search of potential high-growth opportunities. This shift in focus comes as a natural market reaction following the optimism surrounding recent ETF approvals. BTC has surged 22% in the past 30