Bitcoin News and Finance Elliptic to Utilize Chatgpt in Intelligence Gathering Skip to main content

Elliptic to Utilize Chatgpt in Intelligence Gathering

Elliptic to Utilize Chatgpt in Intelligence Gathering

Blockchain analytics company Elliptic said it’s going to use Openai’s Chatgpt to support its intelligence gathering and research. The AI-based language model will allow its experts to speed up and expand the analysis of new risks related to crypto assets.

Blockchain Forensics Firm Elliptic to Employ Chatgpt

London-headquartered Elliptic, a leader in blockchain analysis and crypto-asset risk management, announced the integration of the Chatgpt chatbot into its team’s off-chain intelligence and research gathering efforts.

The company pointed out in a press release that the solutions it has developed leverage a proprietary dataset consisting of more than a decade’s worth of data, “encompassing over 97% of crypto transactions by trading volume, and the largest collection of crypto exchange risk profiles.”

Adding the technology based on artificial intelligence (AI) to Elliptic’s tool set will allow its specialists to concentrate on accuracy and scalability while the large language model (LLM) will be used to organize the data, the firm noted, stating:

With Chatgpt, Elliptic’s researchers and investigators will be able to synthesize and organize intelligence on new risk factors in higher volumes and at a quicker speed than ever before.

“We pride ourselves in being on the forefront of blockchain innovation, and incorporating cutting-edge technologies to enhance how we work,” said Elliptic CEO Simone Maini. “Integrating Chatgpt allows us to scale up our intelligence,” Chief Technology Officer Jackson Hull added.

Elliptic specializes in blockchain analysis and risk assessment on crypto transactions, providing intelligence services to financial firms, crypto businesses, governments and law enforcement agencies. It is backed by investors such as J.P. Morgan and Wells Fargo Strategic Capital.

Developed by the Microsoft-funded AI research laboratory Openai, Chatgpt has been making its way into the crypto space. In March, leading U.S. digital asset exchange Coinbase announced it’s testing the product as a token verification tool.

Do you think applications for Chatgpt in the crypto industry will continue to grow in number? Share your expectations in the comments section below.

Comments

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl...

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju...

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and...

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r...
Blogarama - Blog Directory