In Parity docs I see the following description of eth_subscribe:

Starts a subscription (on WebSockets / IPC / TCP transports) to a particular event. 
For every event that matches the subscription a JSON-RPC notification
with event details and subscription ID will be sent to a client.

Is there any way to use it for tracking transactions coming to my wallet - considering that sender doesn't has any Smart Contract features in his wallet?

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