Bitcoin is more traceable than fiat currency, claims MIT-IBM funded report

Bitcoin’s immutable transparency and anonymity, while enabling a gateway for uncensored transactions, allows analysts to identify unique trends within the ecosystem. Given the ongoing war between crypto-adoption and regulatory requirements, blockchain analysis company Elliptic published an MIT-IBM Watson AI Lab-funded paper to detect various anomalies around illegal Bitcoin transactions. Source: Read more…

ETFs are Bitcoin-backed fiat notes with better legal protection, ownership and transparency, claims VanEck’s Gabor Gurbacs

Amidst the clash between crypto businesses and the U.S. government, VanEck is one of the prominent traditional financial institutions to seek SEC’s approval on Bitcoin ETF-like product to traditional institutions, aimed at driving the U.S. economy for the next decade. The company’s Director of Digital Asset Strategy, Gabor Gurbacs, featured Read more…

PrimeXBT joins forces with Bitfury’s Crystal for better AML, CTF guidelines compliance

As crypto-related crimes continue to surge across the globe, many options are being considered for the most efficient and safest of crypto-operations. Despite the aforementioned surge however, blockchain and cryptocurrencies continue to remain a preferable option for carrying out transactions anonymously. In an attempt to avert crimes related to terrorism funding, Read more…

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