US Treasury used AI to recover $4 billion in fraud over past year
The US Treasury has tapped into AI machine learning to sift through data to detect and prevent billions of dollars in check fraud.
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Report: Denmark’s Tax Agency Is Sending Tax Compliance Letters to Crypto Users
Denmark-based cryptocurrency users have begun receiving letters from the Danish tax agency, Skattestyrelsen (Skat), requesting that traders provide a full background of all their cryptocurrency transactions, sources informed Cointelegraph on Dec. 10.In its letters, Skat specifically asked crypto users to provide information about profits and losses for fiscal years 2016 to 2018, according to FIFO…
Crypto Exchange Launches Switzerland’s First Integrated Trading and Custody Platform
Swiss integrated cryptocurrency exchange Smart Valor has launched trading of four fiat currencies with Bitcoin (BTC) and Ether (ETH). Switzerland sees another crypto firstAs a blog post issued July 30 confirmed, Smart Valor, which combines exchange with custody and brokerage features, will continue to add new currencies on a monthly basis. The company is headquartered in the…
Free TON Launches First Contests to Distribute Tokens Among Contributors
Free TON launches first community contests, planning to distribute thousands of TON Crystals among winners and participants. 1380 Total views 35 Total shares Free TON, a decentralized blockchain network derived from Telegram’s TON blockchain, is launching the first community contests to power its network. Starting May 18, users, developers and validators are invited to participate…
Cathie Wood sells Coinbase shares amid insider trading allegations
Cathie Wood’s investment firm ARK Investment Management is the third-largest shareholder of Coinbase, reportedly holding nearly $9 million as of late June. 708 Total views 34 Total shares One of the largest stockholders of the Coinbase cryptocurrency exchange has dumped a massive amount of shares as regulators reportedly probe the firm for alleged insider trading.Cathie…
Celestia to integrate with Polygon CDK for data availability in 2024
Celestia will become an option for data availability within the Polygon CDK software. The Celestia network will integrate with Polygon’s chain development kit (CDK) sometime “early next year,” according to a Dec. 11 announcement. The integration will provide an “easily-pluggable component” for Polygon-based networks to use Celestia for data availability.Celestia block explorer “Celenium.” Source: CeleniumThe
ARK, 21Shares update spot Bitcoin ETF application as next SEC deadline looms
The latest update is the third amendment to the Bitcoin ETF prospectus by ARK and 21Shares after the firms first filed for a spot Bitcoin ETF in April 2023. 664 Total views 12 Total shares ARK Investment Management, a major cryptocurrency investment firm founded by Bitcoin (BTC) advocate Cathie Wood, isn’t giving up on its
On-chain metrics indicate Bitcoin miners’ influence on the price is diminishing
Research suggests that Bitcoin miners are holding less of the asset. 1507 Total views 21 Total shares A new report by on-chain analytics provider CoinMetrics suggests that miners’ considerable influence on the Bitcoin network is slowly diminishing.The research analyzed miner and pool addresses and spending in order to determine whether their influence over the network…
What is tokenization and how are banks tapping into its design principles?
Tokenization is the process of converting something with tangible or intangible value into digital tokens. Tangible assets like real estate, stocks or art can be tokenized. In a similar vein, intangible assets like voting rights and loyalty points can be tokenized, too. We see Avios as an example of tokenized loyalty points by the traditional…