In 2023, the volume of cryptocurrency involved in money laundering activities decreased significantly, with centralized exchanges continuing as the primary channels for such transactions. DeFi protocols and gambling services saw an uptick in use for laundering, yet they generally lack the anonymity preferred by launderers.<\/p>\n\n\n\n
Sophisticated criminals, particularly North Korea's Lazarus Group, adapted to law enforcement tactics by employing new mixers and utilizing cross-chain bridges to launder funds. These methods allow them to obfuscate the origins of illicit funds more effectively across multiple blockchain platforms, demonstrating a dynamic shift in the techniques used by high-level criminal enterprises to evade detection.<\/p>\n","post_title":"AI Powers New Tool To Detect Illegal Bitcoin Transactions, Study Shows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ai-powers-new-tool-to-detect-illegal-bitcoin-transactions-study-shows","to_ping":"","pinged":"","post_modified":"2024-05-04 02:07:20","post_modified_gmt":"2024-05-03 16:07:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16722","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related:<\/em><\/strong> Binance's $3.9 Billion USDT Transfer Sparks Speculation Amidst CEO's Guilty Plea<\/a><\/p>\n\n\n\n In 2023, the volume of cryptocurrency involved in money laundering activities decreased significantly, with centralized exchanges continuing as the primary channels for such transactions. DeFi protocols and gambling services saw an uptick in use for laundering, yet they generally lack the anonymity preferred by launderers.<\/p>\n\n\n\n Sophisticated criminals, particularly North Korea's Lazarus Group, adapted to law enforcement tactics by employing new mixers and utilizing cross-chain bridges to launder funds. These methods allow them to obfuscate the origins of illicit funds more effectively across multiple blockchain platforms, demonstrating a dynamic shift in the techniques used by high-level criminal enterprises to evade detection.<\/p>\n","post_title":"AI Powers New Tool To Detect Illegal Bitcoin Transactions, Study Shows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ai-powers-new-tool-to-detect-illegal-bitcoin-transactions-study-shows","to_ping":"","pinged":"","post_modified":"2024-05-04 02:07:20","post_modified_gmt":"2024-05-03 16:07:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16722","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Elliptic clarified that instead of directly identifying transactions by illicit actors, the machine learning model is trained to recognize 'subgraphs'\u2014sequences of transactions that depict the laundering of Bitcoin. This method focuses more broadly on the multi-step laundering process rather than specific illegal actions on the blockchain.<\/p>\n\n\n\n See Related:<\/em><\/strong> Binance's $3.9 Billion USDT Transfer Sparks Speculation Amidst CEO's Guilty Plea<\/a><\/p>\n\n\n\n In 2023, the volume of cryptocurrency involved in money laundering activities decreased significantly, with centralized exchanges continuing as the primary channels for such transactions. DeFi protocols and gambling services saw an uptick in use for laundering, yet they generally lack the anonymity preferred by launderers.<\/p>\n\n\n\n Sophisticated criminals, particularly North Korea's Lazarus Group, adapted to law enforcement tactics by employing new mixers and utilizing cross-chain bridges to launder funds. These methods allow them to obfuscate the origins of illicit funds more effectively across multiple blockchain platforms, demonstrating a dynamic shift in the techniques used by high-level criminal enterprises to evade detection.<\/p>\n","post_title":"AI Powers New Tool To Detect Illegal Bitcoin Transactions, Study Shows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ai-powers-new-tool-to-detect-illegal-bitcoin-transactions-study-shows","to_ping":"","pinged":"","post_modified":"2024-05-04 02:07:20","post_modified_gmt":"2024-05-03 16:07:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16722","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Elliptic stated, \u201cBlockchains provide fertile ground for machine learning techniques, thanks to the availability of both transaction data and information on the types of entities that are transacting, collected by us and others. This is in contrast to traditional finance where transaction data is typically siloed, making it challenging to apply these techniques.\u201d<\/em><\/p>\n\n\n\n Elliptic clarified that instead of directly identifying transactions by illicit actors, the machine learning model is trained to recognize 'subgraphs'\u2014sequences of transactions that depict the laundering of Bitcoin. This method focuses more broadly on the multi-step laundering process rather than specific illegal actions on the blockchain.<\/p>\n\n\n\n See Related:<\/em><\/strong> Binance's $3.9 Billion USDT Transfer Sparks Speculation Amidst CEO's Guilty Plea<\/a><\/p>\n\n\n\n In 2023, the volume of cryptocurrency involved in money laundering activities decreased significantly, with centralized exchanges continuing as the primary channels for such transactions. DeFi protocols and gambling services saw an uptick in use for laundering, yet they generally lack the anonymity preferred by launderers.<\/p>\n\n\n\n Sophisticated criminals, particularly North Korea's Lazarus Group, adapted to law enforcement tactics by employing new mixers and utilizing cross-chain bridges to launder funds. These methods allow them to obfuscate the origins of illicit funds more effectively across multiple blockchain platforms, demonstrating a dynamic shift in the techniques used by high-level criminal enterprises to evade detection.<\/p>\n","post_title":"AI Powers New Tool To Detect Illegal Bitcoin Transactions, Study Shows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ai-powers-new-tool-to-detect-illegal-bitcoin-transactions-study-shows","to_ping":"","pinged":"","post_modified":"2024-05-04 02:07:20","post_modified_gmt":"2024-05-03 16:07:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16722","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Bitcoin's use of a decentralized public ledger, a fundamental aspect of the technology, facilitated the research, according to Elliptic. The collaboration between Elliptic and MIT-IBM leveraged AI to distinguish between legal and illegal transactions, tracking connections within the latter to expose potential money laundering activities.<\/p>\n\n\n\n Elliptic stated, \u201cBlockchains provide fertile ground for machine learning techniques, thanks to the availability of both transaction data and information on the types of entities that are transacting, collected by us and others. This is in contrast to traditional finance where transaction data is typically siloed, making it challenging to apply these techniques.\u201d<\/em><\/p>\n\n\n\n Elliptic clarified that instead of directly identifying transactions by illicit actors, the machine learning model is trained to recognize 'subgraphs'\u2014sequences of transactions that depict the laundering of Bitcoin. This method focuses more broadly on the multi-step laundering process rather than specific illegal actions on the blockchain.<\/p>\n\n\n\n See Related:<\/em><\/strong> Binance's $3.9 Billion USDT Transfer Sparks Speculation Amidst CEO's Guilty Plea<\/a><\/p>\n\n\n\n In 2023, the volume of cryptocurrency involved in money laundering activities decreased significantly, with centralized exchanges continuing as the primary channels for such transactions. DeFi protocols and gambling services saw an uptick in use for laundering, yet they generally lack the anonymity preferred by launderers.<\/p>\n\n\n\n Sophisticated criminals, particularly North Korea's Lazarus Group, adapted to law enforcement tactics by employing new mixers and utilizing cross-chain bridges to launder funds. These methods allow them to obfuscate the origins of illicit funds more effectively across multiple blockchain platforms, demonstrating a dynamic shift in the techniques used by high-level criminal enterprises to evade detection.<\/p>\n","post_title":"AI Powers New Tool To Detect Illegal Bitcoin Transactions, Study Shows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ai-powers-new-tool-to-detect-illegal-bitcoin-transactions-study-shows","to_ping":"","pinged":"","post_modified":"2024-05-04 02:07:20","post_modified_gmt":"2024-05-03 16:07:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16722","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Elliptic, a blockchain analysis firm, released a study <\/a>conducted with the MIT-IBM Watson AI Lab on Wednesday. This study utilized a deep learning AI model to identify money laundering patterns within Bitcoin transactions and pinpoint wallets involved in criminal activities.<\/p>\n\n\n\n Bitcoin's use of a decentralized public ledger, a fundamental aspect of the technology, facilitated the research, according to Elliptic. The collaboration between Elliptic and MIT-IBM leveraged AI to distinguish between legal and illegal transactions, tracking connections within the latter to expose potential money laundering activities.<\/p>\n\n\n\n Elliptic stated, \u201cBlockchains provide fertile ground for machine learning techniques, thanks to the availability of both transaction data and information on the types of entities that are transacting, collected by us and others. This is in contrast to traditional finance where transaction data is typically siloed, making it challenging to apply these techniques.\u201d<\/em><\/p>\n\n\n\n Elliptic clarified that instead of directly identifying transactions by illicit actors, the machine learning model is trained to recognize 'subgraphs'\u2014sequences of transactions that depict the laundering of Bitcoin. This method focuses more broadly on the multi-step laundering process rather than specific illegal actions on the blockchain.<\/p>\n\n\n\n See Related:<\/em><\/strong> Binance's $3.9 Billion USDT Transfer Sparks Speculation Amidst CEO's Guilty Plea<\/a><\/p>\n\n\n\n In 2023, the volume of cryptocurrency involved in money laundering activities decreased significantly, with centralized exchanges continuing as the primary channels for such transactions. DeFi protocols and gambling services saw an uptick in use for laundering, yet they generally lack the anonymity preferred by launderers.<\/p>\n\n\n\n Sophisticated criminals, particularly North Korea's Lazarus Group, adapted to law enforcement tactics by employing new mixers and utilizing cross-chain bridges to launder funds. These methods allow them to obfuscate the origins of illicit funds more effectively across multiple blockchain platforms, demonstrating a dynamic shift in the techniques used by high-level criminal enterprises to evade detection.<\/p>\n","post_title":"AI Powers New Tool To Detect Illegal Bitcoin Transactions, Study Shows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ai-powers-new-tool-to-detect-illegal-bitcoin-transactions-study-shows","to_ping":"","pinged":"","post_modified":"2024-05-04 02:07:20","post_modified_gmt":"2024-05-03 16:07:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16722","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
If long liquidations continue to lag shorts within this week, ETH may see significant gains over the course of the upcoming weekend. The course of this investigation will probably be significantly influenced by the movement of the price of bitcoin.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Approaching $64K Despite Market Volatility and a 5.75% Dip, ETH Marks $3.2K As A Critical Level For Deciding The Upcoming Market Bias","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-approaching-64k-despite-market-volatility-and-a-5-75-dip-eth-marks-3-2k-as-a-critical-level-for-deciding-the-upcoming-market-bias","to_ping":"","pinged":"","post_modified":"2024-05-06 00:16:06","post_modified_gmt":"2024-05-05 14:16:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16722,"post_author":"15","post_date":"2024-05-04 02:07:14","post_date_gmt":"2024-05-03 16:07:14","post_content":"\n Elliptic, a blockchain analysis firm, released a study <\/a>conducted with the MIT-IBM Watson AI Lab on Wednesday. This study utilized a deep learning AI model to identify money laundering patterns within Bitcoin transactions and pinpoint wallets involved in criminal activities.<\/p>\n\n\n\n Bitcoin's use of a decentralized public ledger, a fundamental aspect of the technology, facilitated the research, according to Elliptic. The collaboration between Elliptic and MIT-IBM leveraged AI to distinguish between legal and illegal transactions, tracking connections within the latter to expose potential money laundering activities.<\/p>\n\n\n\n Elliptic stated, \u201cBlockchains provide fertile ground for machine learning techniques, thanks to the availability of both transaction data and information on the types of entities that are transacting, collected by us and others. This is in contrast to traditional finance where transaction data is typically siloed, making it challenging to apply these techniques.\u201d<\/em><\/p>\n\n\n\n Elliptic clarified that instead of directly identifying transactions by illicit actors, the machine learning model is trained to recognize 'subgraphs'\u2014sequences of transactions that depict the laundering of Bitcoin. This method focuses more broadly on the multi-step laundering process rather than specific illegal actions on the blockchain.<\/p>\n\n\n\n See Related:<\/em><\/strong> Binance's $3.9 Billion USDT Transfer Sparks Speculation Amidst CEO's Guilty Plea<\/a><\/p>\n\n\n\n In 2023, the volume of cryptocurrency involved in money laundering activities decreased significantly, with centralized exchanges continuing as the primary channels for such transactions. DeFi protocols and gambling services saw an uptick in use for laundering, yet they generally lack the anonymity preferred by launderers.<\/p>\n\n\n\n Sophisticated criminals, particularly North Korea's Lazarus Group, adapted to law enforcement tactics by employing new mixers and utilizing cross-chain bridges to launder funds. These methods allow them to obfuscate the origins of illicit funds more effectively across multiple blockchain platforms, demonstrating a dynamic shift in the techniques used by high-level criminal enterprises to evade detection.<\/p>\n","post_title":"AI Powers New Tool To Detect Illegal Bitcoin Transactions, Study Shows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ai-powers-new-tool-to-detect-illegal-bitcoin-transactions-study-shows","to_ping":"","pinged":"","post_modified":"2024-05-04 02:07:20","post_modified_gmt":"2024-05-03 16:07:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16722","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
If ETH can close a liquidity gap on April 30 and make a strong move above the $3.2K level, it might strengthen the current uptrend move targeting the $3.5K - $3.6K zone. Although there might not be a short-term bearish shift in ETH, this theory could be refuted by a significant macro event.<\/p>\n\n\n\n If long liquidations continue to lag shorts within this week, ETH may see significant gains over the course of the upcoming weekend. The course of this investigation will probably be significantly influenced by the movement of the price of bitcoin.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Approaching $64K Despite Market Volatility and a 5.75% Dip, ETH Marks $3.2K As A Critical Level For Deciding The Upcoming Market Bias","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-approaching-64k-despite-market-volatility-and-a-5-75-dip-eth-marks-3-2k-as-a-critical-level-for-deciding-the-upcoming-market-bias","to_ping":"","pinged":"","post_modified":"2024-05-06 00:16:06","post_modified_gmt":"2024-05-05 14:16:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16722,"post_author":"15","post_date":"2024-05-04 02:07:14","post_date_gmt":"2024-05-03 16:07:14","post_content":"\n Elliptic, a blockchain analysis firm, released a study <\/a>conducted with the MIT-IBM Watson AI Lab on Wednesday. This study utilized a deep learning AI model to identify money laundering patterns within Bitcoin transactions and pinpoint wallets involved in criminal activities.<\/p>\n\n\n\n Bitcoin's use of a decentralized public ledger, a fundamental aspect of the technology, facilitated the research, according to Elliptic. The collaboration between Elliptic and MIT-IBM leveraged AI to distinguish between legal and illegal transactions, tracking connections within the latter to expose potential money laundering activities.<\/p>\n\n\n\n Elliptic stated, \u201cBlockchains provide fertile ground for machine learning techniques, thanks to the availability of both transaction data and information on the types of entities that are transacting, collected by us and others. This is in contrast to traditional finance where transaction data is typically siloed, making it challenging to apply these techniques.\u201d<\/em><\/p>\n\n\n\n Elliptic clarified that instead of directly identifying transactions by illicit actors, the machine learning model is trained to recognize 'subgraphs'\u2014sequences of transactions that depict the laundering of Bitcoin. This method focuses more broadly on the multi-step laundering process rather than specific illegal actions on the blockchain.<\/p>\n\n\n\n See Related:<\/em><\/strong> Binance's $3.9 Billion USDT Transfer Sparks Speculation Amidst CEO's Guilty Plea<\/a><\/p>\n\n\n\n In 2023, the volume of cryptocurrency involved in money laundering activities decreased significantly, with centralized exchanges continuing as the primary channels for such transactions. DeFi protocols and gambling services saw an uptick in use for laundering, yet they generally lack the anonymity preferred by launderers.<\/p>\n\n\n\n Sophisticated criminals, particularly North Korea's Lazarus Group, adapted to law enforcement tactics by employing new mixers and utilizing cross-chain bridges to launder funds. These methods allow them to obfuscate the origins of illicit funds more effectively across multiple blockchain platforms, demonstrating a dynamic shift in the techniques used by high-level criminal enterprises to evade detection.<\/p>\n","post_title":"AI Powers New Tool To Detect Illegal Bitcoin Transactions, Study Shows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ai-powers-new-tool-to-detect-illegal-bitcoin-transactions-study-shows","to_ping":"","pinged":"","post_modified":"2024-05-04 02:07:20","post_modified_gmt":"2024-05-03 16:07:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16722","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Ethereum's recent price fluctuation suggests that a positive surge may be imminent. The resistance level of $3,200 from April 26 is likely to be faced by ETH now that it has broken through the $3,024 critical level on Friday.<\/p>\n\n\n\n If ETH can close a liquidity gap on April 30 and make a strong move above the $3.2K level, it might strengthen the current uptrend move targeting the $3.5K - $3.6K zone. Although there might not be a short-term bearish shift in ETH, this theory could be refuted by a significant macro event.<\/p>\n\n\n\n If long liquidations continue to lag shorts within this week, ETH may see significant gains over the course of the upcoming weekend. The course of this investigation will probably be significantly influenced by the movement of the price of bitcoin.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Approaching $64K Despite Market Volatility and a 5.75% Dip, ETH Marks $3.2K As A Critical Level For Deciding The Upcoming Market Bias","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-approaching-64k-despite-market-volatility-and-a-5-75-dip-eth-marks-3-2k-as-a-critical-level-for-deciding-the-upcoming-market-bias","to_ping":"","pinged":"","post_modified":"2024-05-06 00:16:06","post_modified_gmt":"2024-05-05 14:16:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16722,"post_author":"15","post_date":"2024-05-04 02:07:14","post_date_gmt":"2024-05-03 16:07:14","post_content":"\nMoney Laundering in 2024 Reports<\/h2>\n\n\n\n
Money Laundering in 2024 Reports<\/h2>\n\n\n\n
Money Laundering in 2024 Reports<\/h2>\n\n\n\n
Money Laundering in 2024 Reports<\/h2>\n\n\n\n
Money Laundering in 2024 Reports<\/h2>\n\n\n\n
Money Laundering in 2024 Reports<\/h2>\n\n\n\n
Money Laundering in 2024 Reports<\/h2>\n\n\n\n