Law Enforcement Continues to Invest in Bitcoin Tracking Services
With malicious DDOS attacks and ransomware on the rise, it’s no surprise that law enforcement wants to get a grasp on this technology. Blockchain intelligence company Elliptic has just received funding for $5 million USD to help curb cryptocurrency related crime with one of the investing firms headed by a former NSA director. Blockchain intelligence firm....
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According to a news report from eWEEK, the recently hacked Hacking Team specifically targeted Bitcoin and other cryptocurrencies to allow government officials and law-enforcement agencies to follow the money trail. Milan-based Hacking Team provides intrusion and surveillance software to governments and law enforcement agencies around the world. In early July, the group was publically dismantled as around 400GB of stolen internal company documents were distributed online. According to an email message that was posted on Wikileaks, Daniele Milan, Operations Manager of the Hacking Team said,....
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 […]
An effort by Arizona lawmakers to prohibit the tracking of guns using blockchain technology has now progressed to the Senate. As CoinDesk reported earlier this month, a proposed new bill would prevent the use distributed ledgers in firearm tracking, with the exception of law-enforcement applications. The concept, put forward by technologists in the blockchain space, is that such a system could create an immutable history of transactions that records every time a gun is fired, for example. The proposed bill, HB 2216, has now cleared the Arizona House of Representatives by a 34-25 vote, with....
Latham & Watkins-the world's largest law firm with approximately 2,000 attorneys in the United States, Europe, the Middle East and Asia-has recently released research results on today's enforcement trends in cryptocurrency. Since the beginning of 2015, an increasing number of government and law enforcement agencies including the Securities and Exchange Commission (SEC), the Department of Justice (DOJ), the Commodities Futures Trading Commission (CFTC), the Federal Trade Commission (FTC), and the Financial Crimes Enforcement Network (FinCEN) have attempted to regulate the circulation of....
Critics have called out the SEC's "regulation by enforcement" tactics, but to some investors, it's a positive sign they're seeing to invest in digital assets. The United States Securities and Exchange Commission’s (SEC’s) more-than-enthusiastic crackdown on the crypto industry is being seen as a positive signal for the majority of crypto investors, according to a new survey. Around 60% of 564 survey respondents in the latest MLIV Pulse survey from Bloomberg said they viewed the recent flurry of crypto crackdowns as a positive sign for investing in the asset class. Around 65% of retail....