Connect with us

Tech

95% of Cryptocurrency Crimes Linked to Bitcoin: Analyst

mm

Published

on

NEW YORK CITY – Jonathan Levin, the co-founder, and COO of Chainalysis, on one of the episodes of Fortune’s “Balancing the Ledger” said that Bitcoin is the favorite cryptocurrency crime of criminals to carry out illicit activities. The analyst said that despite the availability of 2000 different cryptocurrencies and many privacy coins, about 95% of cryptocurrency crimes are linked to Bitcoin. It is so because Bitcoin is the top digital coin in the market and enjoys the highest value among all cryptocurrencies. Also, the transaction volume of Bitcoin is the highest in trading and spending, among all the other cryptocurrencies.

The firm, Chainalysis has been responsible for developing software to help cryptocurrency firms and law enforcements in tracing the public ledger of transactions on 10 different blockchains. Also, many dollar-backed stablecoins have been added under this. Levin said that most of the illegal activities in the US have been conducted to buy opioid drugs such as fentanyl and other drugs from pharmacies in China by paying in bitcoin cryptocurrency. Homeland Security and the DEA have managed to seize people involved in illegal activities related to cryptocurrencies.

Out of all latest blockchain & cryptocurrency news, this bitcoin mystery gained the attention of a huge number of people all across the world. Chainalysis, in its earlier attempt, could not manage to crack the mystery behind the lost access to 190$ million of customer funds through the Canadian cryptocurrency exchange, QuadrigaCX post the death of its CEO. However, in the end, it was explained by Levin that Quadriga never had those customer funds and where that money went is an intriguing subject to ponder.

From television to the internet platform, Jonathan switched his journey in digital media with Bigtime Daily. He served as a journalist for popular news channels and currently contributes his experience for Bigtime Daily by writing about the tech domain.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Tech

Evo Tech Reveals New Features for Evolution AI to Improve Threat Detection

mm

Published

on

Photo Courtesy of: Evo Tech

Byline: Mae Cornes

MADISON, WisEvo Tech announced new updates to its flagship platform, Evolution AI, designed to enhance threat detection and real-time data analysis for intelligence, security, and law enforcement agencies. The upgraded system introduces expanded capabilities in pattern recognition, automated alerts, and data aggregation to improve response accuracy in critical operations.

The company’s latest release focuses on enabling faster identification of potential threats across multiple data streams, including text, imagery, and audio inputs. By combining adaptive machine learning models with advanced verification tools, Evolution AI now provides a more precise and scalable method for detecting irregular or suspicious activity.

“Security challenges are growing more complex as data sources multiply,” said Maria Pulera, Evo Tech’s representative. “Our goal with these new features is to help agencies detect threats earlier and reduce the time between data discovery and action. These tools are built to support real-world decision-making in fast-moving environments.”

Among the new enhancements are:

  • Automated Threat Classification: The platform can now categorize potential risks based on severity and relevance, allowing analysts to prioritize investigations more effectively.
  • Cross-Platform Data Fusion: Evolution AI aggregates data from both structured and unstructured sources, presenting analysts with unified, real-time insights across visual, audio, and textual inputs.
  • Adaptive Anomaly Detection: Using machine learning, the platform learns from historical data to recognize unusual activity patterns and flag potential security concerns automatically.
  • Enhanced Visualization Tools: New dashboard designs allow users to view correlations, track trends, and monitor data sources simultaneously with improved clarity.

Evo Tech’s development team designed these upgrades to help intelligence and defense organizations address increasing information volume and data fragmentation. According to industry reports, global data generation is expected to exceed 175 zettabytes annually by 2026, underscoring the need for advanced analytical tools that can handle large-scale, multi-format data securely.

Pulera added, “Our technology aims to reduce the manual burden on analysts while maintaining the highest standards of data integrity. We’ve focused on features that allow agencies to operate more efficiently without compromising security.”

The company’s engineering team also confirmed that Evolution AI’s infrastructure supports deployment in secure, private networks, aligning with the data protection requirements of defense and intelligence clients. Evo Tech plans to continue rolling out additional modules throughout 2025, with a focus on multilingual data analysis and predictive threat modeling.

Evo Tech’s latest updates come as governments and private institutions invest heavily in AI-driven security technologies. Market forecasts from MarketsandMarkets estimate that AI in defense and security applications will surpass $13 billion by 2028, reflecting a growing global emphasis on automation and early threat detection.

About Evo Tech
Evo Tech is an artificial intelligence company specializing in data analysis and intelligence automation for security and defense operations. Its flagship platform, Evolution AI, integrates machine learning, big data processing, and adaptive analytics to enhance decision-making in high-volume, high-security environments. The company’s mission is to deliver reliable, real-time solutions that strengthen operational efficiency and intelligence accuracy across the public and private sectors.

Contact Information:

Maria Pulera, Representative

EVO Tech

https://evoai.tech/

[email protected]

Continue Reading

Trending