Why Coinbase May Be Selling User Information To US Immigration Agencies

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....

Coinbase clarified that the crypto exchange was not selling its users’ data and highlighted that it only provides information for investigations of financial crimes. Crypto exchange platform Coinbase denied reports alleging that the company is selling its customer information to the United States Immigration and Customs Enforcement (ICE), an agency that works under the country’s Department of Homeland Security. On Thursday, news that Coinbase has been providing geolocation data to the ICE has circulated online. Because of this, Twitter users like Solobase Mac were shocked and noted that....

Shubham Sham notified Coinbase of the bug. Coinbase called it low priority, saying the risks are too little to warrant an immediate fix. Editor's Note: Coinbase has defended themselves here. Coinbase is all over Reddit today. Several people reported receiving e-mails from the Bitcoin enterprise, asking them to make a payment to another user. On top of that, a list was released containing information of many Coinbase users. At first, most people thought this was an April fools joke, but eventually, most became worried Coinbase was hacked. With recent events in mind, who could blame them?....

Popular bitcoin buying/selling house and wallet provider Coinbase has today announced that they've crossed the 650,000 user mark. The announcement comes days following some incredible news that the company received $25 million in investor funding from Andreessen Horowitz to improve their operation. The company notes that when the year started, the service had only 30,000 user wallets, and says that the "average number of Coinbase transactions [they're] seeing per day has grown even faster, and was up by more than twenty-fold in November from January." With a supplied chart, you can clearly....

A motion has been filed to block the Internal Revenue Service’s move to access the personal and Bitcoin transactional information of over a mln U.S. based Coinbase customers between 2013 and 2015. Filed on behalf of Los Angeles attorney Jeffrey K. Berns, the Managing Partner of Berns Weiss LLP, who used Coinbase to buy and sell Bitcoins estimates that over a mln Americans are subject to the John Doe summons issued on Nov. 30, the case was assigned to Judge Jacqueline Scott Corley who granted the IRS summons. The IRS is called to answer. The summons requires Coinbase, which is America’s....