AI Tackles Bitcoin's Dark Side: New Tool Targets Crypto Money Laundering

AI Tackles Bitcoin's Dark Side: New Tool Targets Crypto Money Laundering
๐Ÿ‘‹ Hi, I am Mark. I am a strategic futurist and innovation keynote speaker. I advise governments and enterprises on emerging technologies such as AI or the metaverse. My subscribers receive a free weekly newsletter on cutting-edge technology.

Is AI the new sheriff in town, or just another overhyped gadget in the fight against crypto crime?

A groundbreaking new AI model from Elliptic, MIT, and IBM, trained on a dataset of 200 million transactions, promises to revolutionize the detection of money laundering in Bitcoin transactions.

Instead of focusing on individual transactions, the model identifies patterns of suspicious behavior, or "shapes," that indicate illicit activity. This innovative approach marks a significant shift in blockchain analytics.

The AI tool has already shown its potential by identifying suspicious transactions at a cryptocurrency exchange, with a notable success rate compared to traditional methods.

The vast dataset, made publicly available, aims to spur further research and development in the fight against financial crimes. How will this advanced AI reshape the landscape of cryptocurrency security and compliance?

Read the full article on Wired.

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Dr Mark van Rijmenam

Dr Mark van Rijmenam

Dr. Mark van Rijmenam, widely known as The Digital Speaker, isnโ€™t just a #1-ranked global futurist; heโ€™s an Architect of Tomorrow who fuses visionary ideas with real-world ROI. As a global keynote speaker, Global Speaking Fellow, recognized Global Guru Futurist, and 5-time author, he ignites Fortune 500 leaders and governments worldwide to harness emerging tech for tangible growth.

Recognized by Salesforce as one of 16 must-know AI influencers , Dr. Mark brings a balanced, optimistic-dystopian edge to his insightsโ€”pushing boundaries without losing sight of ethical innovation. From pioneering the use of a digital twin to spearheading his next-gen media platform Futurwise, he doesnโ€™t just talk about AI and the futureโ€”he lives it, inspiring audiences to take bold action. You can reach his digital twin via WhatsApp at: +1 (830) 463-6967.

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