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Uncovering Techniques for Identifying Unlawful Bitcoin Transactions Using Advanced Algorithms

Blockchain analytics company Elliptic, in collaboration with MIT and IBM, unveiled a dataset of 200,000 Bitcoin transactions, worth approximately $6 billion, to incentivize the development of machine learning techniques. The transactions were categorized as lawful, unlawful, or unclassified by...

Uncovering Methods for Detecting Unlawful Bitcoin Transactions through Algorithmic Development
Uncovering Methods for Detecting Unlawful Bitcoin Transactions through Algorithmic Development

Uncovering Techniques for Identifying Unlawful Bitcoin Transactions Using Advanced Algorithms

In a significant development for the blockchain community, Elliptic, MIT, and IBM have released a dataset of 200,000 bitcoin transactions. This extensive collection of data, totalling $6 billion in value, offers a unique insight into the world of cryptocurrency transactions.

Each transaction in the dataset is meticulously detailed, with 166 associated features. These features include the transaction fee, the time interval for when the transaction appeared on the blockchain, and a label indicating whether it is licit, illicit, or unknown.

While the specific details about the transactions or their labels have not been disclosed, the dataset provides a valuable resource for researchers, analysts, and anyone interested in understanding the intricacies of bitcoin transactions.

The dataset can usually be found on the official project websites or associated academic publications of Elliptic, MIT, and IBM. However, a direct download link is not publicly available here. It's worth noting that the dataset does not contain any advertisements.

This collaboration between Elliptic, MIT, and IBM marks a significant step forward in the transparency and understanding of bitcoin transactions. As more research is conducted using this dataset, we can expect to gain a deeper understanding of the dynamics of the bitcoin market and the role of blockchain technology in our increasingly digital world.

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