party's over!? Bet the IRS cant wait to get their hands on it.
A startup that helps police track criminals using bitcoin just raised $5 million
A startup that helps law enforcement agencies in the US and UK catch criminals that are using bitcoin has raised $5 million (£3.5 million) from Washington-based Paladin Capital and Santander InnoVentures. Elliptic, which was founded in London but also has offices in New York, uses machine learning and graph analysis to analyse bitcoin's blockchain — the decentralized ledger of transactions that underpins the network. The company's technology is used to identify suspicious transactions and trace holders of bitcoin. Dr James Smith, CEO and co-founder of Elliptic, told Business Insider that the company currently had ... (full story)