Coinbase To Develop A Software For U.S. Enforcement Agency For $1.36 Million
While Coinbase seems to be facing imminent court action from the Security and Exchange Commission, it is signing new deals with other government agencies. The SEC is fighting against the Coinbase lending product, and the exchange says it refuses regulation through litigation. However, all the threats seem not to be holding the exchange back. Since […]
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Coinbase has inked its second deal to develop software for the U.S. Immigration and Customs Enforcement agency since August. Leading U.S. cryptocurrency exchange Coinbase has secured a contract to develop tech for the Department of Homeland Security worth as much as $1.36 million.Under the agreement, Coinbase has been contracted to deliver “application development software as a service” for the U.S. Immigration and Customs Enforcement division (ICE). The contract took effect on Sept. 16 and will see Coinbase receive $455,000 from the department. However, the contract could be extended to....
Ever since the Silk Road platform was shut down by law enforcement, people have been wondering if the Tor network was as secure as it is touted to be. As it turns out, a former part-time Tor Project developer helped the FBI in developing the Torsploit malware. Matthew Edman And FBI Develop Torsploit. Anonymity software has been a thorn in the eye for law....
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....
Several U.S. lawmakers and a commissioner with the U.S. Securities and Exchange Commission (SEC) have voiced concerns about the securities regulator expanding its crypto enforcement unit. “The SEC is a regulatory agency with an enforcement division, not an enforcement agency.” Lawmakers Oppose SEC’s Crypto Enforcement Focus A number of lawmakers and a commissioner with the U.S. Securities and Exchange Commission (SEC) slammed the securities watchdog Tuesday for focusing on crypto enforcement. This followed the SEC’s announcement that the agency nearly doubled....
A commissioner with the U.S. Securities and Exchange Commission (SEC) has criticized the securities watchdog for focusing on enforcement actions in its oversight of the crypto industry. SEC Commissioner Slams Agency for Focusing on Enforcement Actions in Regulating Crypto Assets SEC Commissioner Hester Peirce criticized her own agency Monday after it announced an enforcement action against cryptocurrency exchange Poloniex. She noted that the SEC’s action against the exchange “doubles down on the Commission’s enforcement-centric approach to crypto.” The securities....