Coinbase Transparency Report Shows U.S. Leads Way In Bitcoin User Data Monito...
A report from cryptocurrency exchange Coinbase shows that the U.S. is the most aggressive in seeking information about bitcoin traders.Major cryptocurrency exchange Coinbase has released its latest “transparency report,” providing data on customer information requests it received from government and law enforcement agencies between July 1, 2020 and December 31, 2020.Among the insights into who requested user information from Coinbase, it’s clear that the U.S. remains the most interested in tracking the activity of bitcoin traders. While Coinbase facilitates the trading of many....
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Coinbase has revealed that it received a total of 1,914 requests for customer data from global law enforcement agencies during the first six months of 2020. It is, however, not clear how many of the requests were fulfilled. In its first so-called“transparency report” published Friday, the U.S. crypto exchange – which boasts a user base of 38 million – said 97% of the requests had to do with criminal investigations. U.S. agencies accounted for the biggest number of requests, sending 1,113 requisitions or 58% of the total. At least 441 (23%) came from the U.K., 176 or....
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....
As the dust settles following the release of the Conibase exploration list, MITX, KROM and BDP have emerged as the big winners with triple-digit price gains. United States-based cryptocurrency exchange Coinbase sent waves across the cryptocurrency ecosystem on Apr. 11 when it released a list of 50 crypto assets that were under consideration for listing in the second quarter of 2022 in a bid to increase the transparency of its listing process. Responses to the release were mixed and led to some allegations of insider trading by crypto sleuths, while a majority of crypto traders took a....
Bitcoin exchange Coinbase has posted a comprehensive response to the recent bounty controversy. Yesterday, we first reported that the bitcoin exchange had surprisingly banned a user who helped them fix a vault bug that saved the San Francisco-based company from potential losses of millions of dollars. Rob Witoff of Coinbase discussed the Company's bug bounty program, which calls for a minimum of $100 reward for bringing coding bugs and possible exploits to notice. There is no higher end to the rewards as of yet, but identifying and demonstrating how Remote Code Execution vulnerability can....
![IRS Sees Bitcoin Transfers as ‘Taxable’ Events [UPDATE]](minthumb/20161211030542.jpg)
Given the recent request by the IRS for cryptocurrency exchange Coinbase to hand over customer information, Bitcoin users should be aware that they’re responsible for determining which transfers are “sales” in their tax reports. User Must Specify ‘Sales’ to IRS. Recently, Bitcoin users raised concerns when the Internal Revenue Service (IRS) requested Coinbase to hand over user information between 2013-2015, calling the move a “dangerous precedent.” Then a California district court upheld this request to pry into the transaction records of the San Francisco based exchange. Coinbase provides....