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US Department of Homeland Security wants to implement surveillance tools for privacy coins

11:38 5 December 2018

 

Summary:

  • US Department of Homeland Security wants to track Monero and Zcash transactions
  • International cooperation is necessary to root out ICO frauds, US SEC’s official says
  • Survey: 29% of freelancers would be paid in cryptocurrencies

A beginning of Wednesday’s trading has not been so successful for major cryptocurrencies so far as most of them have experienced noticeable declines. It’s especially true when it comes to EOS (EOS on xStation5) and Bitcoin Cash (BITCOINCASH on xStation5) as both have not performed well thus far. Bearish moods have resulted in a noticeable decrease in the crypto market cap as it’s shrunk by nearly $5 billion compared to the Tuesday’s value.

Bitcoin (BITCOIN on xStation5) experienced a moderate drop losing over 1.5%, and it is trading in the vicinity of the $3850 handle at press time. Source: xStation5.

US Department of Homeland Security eyes on Monero and Zcash transactions

The United States Department of Homeland Security (DHS) announced that it wanted to monitor transactions being conducted via cryptocurrencies operated on privacy blockchains. The document released on November 30, DHS Small Business Innovation Research (SBIR) 19.1 Pre-Solicitation, contained as much as 10 topics. One of them is named “Blockchain Applications for Homeland Security Forensic Analytics”. In the document, DHS explains that it wants to concentrate on creating blockchain forensic applications focused on privacy-oriented cryptocurrencies like Monero and Zcash. Earlier, DHS took efforts focused on Bitcoin, but now the Department also wants to get surveillance tools for privacy coins.

Ethereum (ETHEREUM on xStation5), like a majority of its peers, has marched lower. Source: xStation5.

US SEC Official: International cooperation is necessary to eliminate ICO frauds

Steven Peikin, co-director of the US Securities and Exchanges Commission’s Division of Enforcement, made some ICO-related remarks during his speech on December 3 at Harvard Law School’s Program for Regulators of Securities Markets. According to a transcription of the speech on the Commission’s website, US SEC’s official paid attention to international cooperation as essential factor to eliminate ICO frauds. “The sponsors of ICOs are, in many instances, located outside the United States, and international cooperation is critical to our ability to investigate and, where appropriate, recommend that the Commission bring enforcement action”, Peikin said. However, Peikin underlined at the beginning of the speech that the views expressed in this speech are his own, and “do not necessarily represent the views of the Commission or its Staff”.

Although Ripple (RIPPLE on xStation5) has seen some declines today, it’s still hovering close to the $0.35 handle which may be a technical roadblock. Source: xStation5

29% of freelancers would prefer to be paid in virtual currencies

Nearly a one third of freelancers would want to get paid in cryptocurrencies, according to a survey conducted by Humans.net. 18% of respondents would prefer to receive all money in virtual currencies whereas 11% of them would want to get only a part of payments in this way. No one should be surprised by these results as cryptocurrencies allow to make various payments quicker and cheaper. This fact could be crucial when payments are large and generate high fees. The survey covered over thousand of randomly chosen American freelancers.

This content has been created by X-Trade Brokers Dom Maklerski S.A. This service is provided by X-Trade Brokers Dom Maklerski S.A. (X-Trade Brokers Brokerage House joint-stock company), with its registered office in Warsaw, at Ogrodowa 58, 00-876 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. X-Trade Brokers Dom Maklerski S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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