Coinbase signs new $1.36M contract with US Customs enforcement agency
Coinbase has inked its second deal to develop software for the U.S. Immigration and Customs Enforcement agency since August. Leading U.S. cryptocurrency exchange Coinbase has secured a contract to develop tech for the Department of Homeland Security worth as much as $1.36 million.Under the agreement, Coinbase has been contracted to deliver “application development software as a service” for the U.S. Immigration and Customs Enforcement division (ICE). The contract took effect on Sept. 16 and will see Coinbase receive $455,000 from the department. However, the contract could be extended to....
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The U.S. government agency is reportedly using Coinbase Tracer to access customers' historical geo-tracking data and transactions on over a dozen cryptocurrencies. A new report has indicated that crypto exchange Coinbase has provided Immigration and Customs Enforcement (ICE) agents with a “suite of features” intended for tracking the company’s customers. According to the report, ICE has been granted access to an intelligence-gathering application, called Coinbase Tracer, that provides a variety of forensic data tracking capabilities.U.S. Immigration and Customs Enforcement is an government....
Per a report from The Intercept, U.S. exchange Coinbase is providing the U.S. Immigration and Customs Enforcement (ICE) with access to crypto users tracking tools. The report is based on documents between the company and the U.S. law enforcement agencies obtained by Tech Inquiry. Related Reading | EU Agrees On New Crypto AML Laws For Crypto […]
The advent of the blockchain-driven economy is attracting a new demand for operational intelligence and monitoring services. Blockchain intelligence platform Metrika has concluded a $14 million Series A fundraiser to bootstrap the next phase of its growth strategy, further underscoring the venture capital demand for budding blockchain startups. Metrika announced Tuesday that the funding will be used to further develop its blockchain intelligence platform, which provides monitoring and analytics for decentralized networks, as well as to expand its user base. The investment round was led by....
FinCEN has awarded the New York State Police Department for finding irregularities in fund deposits to catch a suspect dealing drugs with bitcoin. The Financial Crimes Enforcement Network (FinCEN) has conferred law enforcement awards to multiple law enforcement agencies including Internal Revenue Service – Criminal Investigation (IRS-CI), US Customs and Border Protection, Immigration and Customs Enforcement – Homeland Security Investigations (ICE-HSI) and the New York State Police Department. The recent press release by FinCEN offers more information about the cases for which these....
The Nasdaq-listed cryptocurrency exchange Coinbase has insisted that it does not sell “proprietary customer data” after reports surfaced that its Tracer product is providing “historical geo tracking data” to the U.S. Immigrations and Customs Enforcement (ICE). Coinbase Responds to Reports of It Selling Customer Data to U.S. Government Cryptocurrency exchange Coinbase came under fire last week when reports surfaced accusing the Nasdaq-listed company of selling customer data to the U.S. government. Coinbase Tracer, the analytics arm of the cryptocurrency....