• IRS Chainalysis Monero contract
    The IRS is betting $1 million that blockchain intelligence firms can learn to trace Monero (Photo: Pixabay/Gerd Altman)
    Alt coins,  Bitcoin,  Regulation,  United States

    IRS bets $1M Monero transactions are traceable

    The IRS decision to spend big bucks with Chainalysis and Integra FEC indicates that its criminal investigations division is eager to follow up its successes in tracking Bitcoin

    October 1, 2020 /

    Crypto intelligence firm Chainalysis and the data analytics company Integra FEC will each receive an upfront payment of $500,000 so they can begin developing their proposed tool. America’s taxman said it was seeking “innovative solutions” for tracing XMR, as well as off-chain transactions conducted using Layer 2 scaling networks.

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  • government ID
    (Image via Shutterstock)
    Technology,  United States

    Here’s the best way for the government to use blockchain technology for secure documents

    U.S. Dept of Homeland Security offers $800,000 for what could be a revolutionary development

    December 26, 2018 /

    The U.S. government is finally dipping its toes into blockchain projects and is getting on board with new ways to offer secure documents. Having written previously on the topic—and having done similar projects around supply chain—we want to offer some suggestions on how it can be done right. If implemented properly, it can be a revolutionary way for Americans to store, share, and protect their personal data in ways they could never before. (For the full technical paper we wrote, take a look on Github). The Department of Homeland Security, in their request for proposal (RFP) document, is offering $800,000 for anyone to develop a new way to improve on…

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