Bitcoin Could Strengthen US National Security, Top Military Commander Says
US lawmakers are pushing to bring Bitcoin mining equipment manufacturing back to American soil — a move driven by growing concern that the country’s dependence on foreign-made hardware puts national security at risk. Related Reading: Crypto Extortion Hits Strait Of Hormuz As Scammers Exploit Shipping Crisis That concern formed part of the backdrop when a […]
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Bitcoin has entered the US national security conversation more directly, and more publicly, than before. In Senate testimony highlighted Thursday by the Bitcoin Policy Institute (BPI) and several industry observers, Admiral Samuel Paparo, the four-star commander of US Indo-Pacific Command, described BTC as showing “incredible potential” as a tool with cybersecurity and broader strategic applications. […]
Gem has just announced that they’re deploying custom Hardware Security Modules (HSMs) from Thales e-Security as part of their wallet. The Venice-based bitcoin security platform harnessing lightweight code and multi-signature technology will utilize HSMs in a similar way as the military. The devices are used to protect military encryption keys along with mission secrets. If the military trusts the technology, it might just be good enough to store bitcoins. “Our engineers worked closely with the hardware team at Thales for months to develop a custom solution specifically for the Bitcoin....
Five members of the US Army National Guard have been arrested. All of the suspects are involved in an illegal scheme involving stolen credit cards bought with Bitcoin. The news broke on May 23, 2016 when a message appeared on the US Department of Justice website regarding the incident. The official source mentions how four US Army National Guardsmen have....
DARPA calls for proposals to develop blockchain based messaging application for military use. Communications plays a vital part in the military. The use of blockchain technology in military communications makes perfect sense, as security plays a crucial role in it. Having realized this, DARPA – Defense Advanced Research Projects Agency has called for proposals from technology companies and contractors to develop such an application for the United States military. This is not the first time the US Department of Defense has commissioned work on advanced information technology projects. It is....
On the weekly recap, NLW looks at growth in institutional investment, big interest among the G20 in CBDCs and a new National Security Council report.