US Senate Suggests Exploring Blockchain Use To Enhance National Security
The United States Senate Committee on Armed Services recently recommended exploring Blockchain usage to enhance the country’s national security. The Committee issued a report directing the Department of Defense (DoD) to consider the emerging technology and test its potential applications within the defense sector. Related Reading: Crypto Investors Beware! Coinbase Phishing Scam Swipes $1.7 Million […]
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IBM Vice President for Blockchain Technologies Jerry Cuomo recently testified before the Commission on Enhancing National Cybersecurity on how the blockchain can benefit transactions, eWeek reports. Cuomo is persuaded that the technology could potentially cause a tectonic shift in the way financial systems are secured and that government, technology companies and industries should work together to advance blockchain technology to enhance national security. The Commission on Enhancing National Cybersecurity, announced in April, is tasked with making detailed recommendations on actions that....
On Tuesday, the Senate failed to obtain the 60 votes necessary to advance the Freedom Act bill which would stop the National Security Agency from collecting phone records of millions of Americans, regardless if they are suspected of any crime. Senators voted 58-42 in favor to bring the bill before the Senate, effectively killing the bill for this year. Former NSA contractor Edward Snowden brought to light the program and more than a year afterward the Freedom Act was birthed. The Freedom Act would have ended the NSA's indiscreet and mass collection of phone data if passed. Also read: US....
View the full video of the Senate Committee on Banking, Housing, and Urban Affairs hearing on virtual currencies here. The Present and Future Impact of Virtual Currency hearing taking place today at the US Senate will be webcasted live on C-SPAN3. The Committee on Banking, Housing and Urban Affairs' Subcommittee on National Security and International Trade and Finance, and Subcommittee on Economic Policy will meet in open session. This is the second of two hearings on digital currency this week, the first being held by the US Senate Committee on Homeland Security and Governmental Affairs....
A dispute over stablecoin rewards — not sweeping disagreements about crypto itself — is what’s holding up one of the most significant digital asset bills in US history. Related Reading: XRP Faces No Immediate Quantum Threat As Only 0.03% Supply Seen At Risk: Analyst Banks And Crypto Firms Clash Over Stablecoin Yields At the center of the standoff is a narrow but contentious question: should third-party firms like Coinbase be allowed to pass stablecoin yields on to their customers? Banks say no, warning it could drain deposits from traditional financial institutions. Crypto companies....
IBM Blockchain Technologies Executive Jerry Cuomo testified on May 16 before the President’s Commission concerning National Cyber Security. Cuomo spoke on the attributes of blockchain technology and its use in society. The meeting involved a panel of government officials and other technological firm representatives. IBM Familiarizes Gov’t with New Tech,....