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U.S. Office of Foreign Assets Control is seeking blockchain analytics tools

Public records indicate that the U.S. Office of Foreign Assets Control, which is part of the Treasury Department, is on the hunt for at least one blockchain analytics tool. 

The post U.S. Office of Foreign Assets Control is seeking blockchain analytics tools appeared first on The Block.

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Public records indicate that the U.S. Office of Foreign Assets Control, which is part of the Treasury Department, is on the hunt for blockchain analytics capabilities. 

Details of OFAC’s interest in this area were revealed in a May 4 “sources sought” notice, which is used by federal agencies to garnered interest from would-be contractors. Per the notice, OFAC is looking for “one to two tools that provide access to five (5) users each, either as individual licenses or one concurrent license.”

As the notice outlines:

“The Department of the Treasury’s Office of Foreign Assets Control (OFAC) requires one or more commercial online blockchain tracing tools—depending on available funding. These tool(s) will be used to prepare investigators in OFAC’s Office of Global Targeting (OGT) group to analyze and track virtual currency transactions, e.g. Bitcoin, in order to gather attribution information on involved parties that OGT may put on the SDN List. These tools will be used specifically to support cyber sanctions implementation undertaken by OFAC. More than one tool is preferred, in order to corroborate attribution of cyber actors, sufficient to meet legal requirements for use as evidence in OFAC designations determinations.”

Additionally, the notice outlines specific features that it would need: “address clustering, transaction flow mapping and graphing, wallet explorer, analysis of user behavior, and exchange rate, trade, and market data.”

“All responsible sources may express their interest and provide capability statements in response to this notice. The deadline for submitting capability statements in response to the Sources Sought Notice is May 25, 2021, by 2:00pm EDT,” the notice concludes.

That OFAC would be on the lookout for blockchain analytics tools is perhaps unsurprising, given recent moves out of the office in recent months, including address-specific sanctions aimed at cyberattacks and election interference from Russian government-tied entities.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.theblockcrypto.com/linked/104087/u-s-office-of-foreign-assets-control-is-seeking-blockchain-analytics-tools?utm_source=rss&utm_medium=rss

Blockchain

Miami mayor opens city doors for Chinese bitcoin miners

Miami mayor and prominent bitcoin proponent Francis Suarez has declared that the doors of his city are open for Chinese bitcoin miners who are currently facing intense crackdowns brought about by officials of their home country. In an interview with CNBC, the official said, “We want to make sure that our city has an opportunity […]

The post Miami mayor opens city doors for Chinese bitcoin miners appeared first on BitcoinerX.

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Miami mayor and prominent bitcoin proponent Francis Suarez has declared that the doors of his city are open for Chinese bitcoin miners who are currently facing intense crackdowns brought about by officials of their home country.

In an interview with CNBC, the official said, “We want to make sure that our city has an opportunity to compete. We’re talking to a lot of companies and just telling them, ‘Hey, we want you to be here.’”

Suarez, who has also admitted that he holds the asset, has been engaging in a series of measures to make Miami one step ahead of other American cities by having bitcoin and other disruptive and innovative technologies integrated into the city’s operations.

Miami as hotbed for bitcoin

This year, the city became host to the largest bitcoin-related conference of all time, dubbed as “Bitcoin 2021.” In addition to that, Miami also hosts a Bitcoin white paper.

Moreover, there is a possibility that soon enough, city residents will be able to pay taxes using the largest cryptocurrency by market capitalization. Bitcoin currently trades at $35,407, according to tracking from CoinGecko.

With all of these, as a result, Suarez’s city could now be considered as “hotbed” for the most significant digital currency and as it appears, the mayor is far from done in publicly showing support for bitcoin.

Enticing Chinese bitcoin miners

For now, the mayor’s focus turns to bringing bitcoin’s most critical industry to his city and although he admits he hasn’t personally received calls from Chinese miners, the official said he wants to entice them with Miami’s supply of clean and cheap nuclear energy.

“The fact that we have nuclear power means that it’s very inexpensive power. We understand how important this is… miners want to get to a certain kilowatt price per hour,” said Suarez, adding that they are working with the bitcoin miners regarding the matter.

Image courtesy of Cointelegraph News/YouTube

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinerx.com/bitcoin/miami-mayor-opens-city-doors-for-chinese-bitcoin-miners/

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Blockchain

Miami mayor opens city doors for Chinese bitcoin miners

Miami mayor and prominent bitcoin proponent Francis Suarez has declared that the doors of his city are open for Chinese bitcoin miners who are currently facing intense crackdowns brought about by officials of their home country. In an interview with CNBC, the official said, “We want to make sure that our city has an opportunity […]

The post Miami mayor opens city doors for Chinese bitcoin miners appeared first on BitcoinerX.

Published

on

Miami mayor and prominent bitcoin proponent Francis Suarez has declared that the doors of his city are open for Chinese bitcoin miners who are currently facing intense crackdowns brought about by officials of their home country.

In an interview with CNBC, the official said, “We want to make sure that our city has an opportunity to compete. We’re talking to a lot of companies and just telling them, ‘Hey, we want you to be here.’”

Suarez, who has also admitted that he holds the asset, has been engaging in a series of measures to make Miami one step ahead of other American cities by having bitcoin and other disruptive and innovative technologies integrated into the city’s operations.

Miami as hotbed for bitcoin

This year, the city became host to the largest bitcoin-related conference of all time, dubbed as “Bitcoin 2021.” In addition to that, Miami also hosts a Bitcoin white paper.

Moreover, there is a possibility that soon enough, city residents will be able to pay taxes using the largest cryptocurrency by market capitalization. Bitcoin currently trades at $35,407, according to tracking from CoinGecko.

With all of these, as a result, Suarez’s city could now be considered as “hotbed” for the most significant digital currency and as it appears, the mayor is far from done in publicly showing support for bitcoin.

Enticing Chinese bitcoin miners

For now, the mayor’s focus turns to bringing bitcoin’s most critical industry to his city and although he admits he hasn’t personally received calls from Chinese miners, the official said he wants to entice them with Miami’s supply of clean and cheap nuclear energy.

“The fact that we have nuclear power means that it’s very inexpensive power. We understand how important this is… miners want to get to a certain kilowatt price per hour,” said Suarez, adding that they are working with the bitcoin miners regarding the matter.

Image courtesy of Cointelegraph News/YouTube

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinerx.com/bitcoin/miami-mayor-opens-city-doors-for-chinese-bitcoin-miners/

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Blockchain

Texas supermarket will now accept crypto payments

Texas has been making moves recently to make itself an attractive place for cryptocurrency miners, spearheaded by its governor, Greg Abbott. And Texas’ latest initiative is to allow grocery buyers to purchase items using cryptocurrencies on H-E-B supermarkets, one of the oldest supermarket chains in Texas. It has 400 branches in the state as well as […]

The post Texas supermarket will now accept crypto payments appeared first on BitcoinerX.

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Texas has been making moves recently to make itself an attractive place for cryptocurrency miners, spearheaded by its governor, Greg Abbott.

And Texas’ latest initiative is to allow grocery buyers to purchase items using cryptocurrencies on H-E-B supermarkets, one of the oldest supermarket chains in Texas. It has 400 branches in the state as well as in Mexico.

In a report published by Houston Chronicles, Coin Cloud, a crypto ATM company, will start installing their machines on 29 H-E-B stores around Texas’ capital.

These ATMs will enable customers to buy and sell a wide range of cryptocurrencies such as bitcoin, ethereum, and dogecoin. The machines will also include U.S dollar-pegged stable coins and DeFi tokens.

Optimistic

Chris McAlary, CEO of CoinCloud, is optimistic about the upcoming crypto ATM installations.

He said that by making these machines accessible to anyone, more people will be aware of the significance of digital currency in the future.

The company is reportedly preparing to install its 2,000th crypto ATM machine, allowing more consumers to have access to cryptocurrencies.

These machines would allow users to make crypto transactions through traditional means such as cash, credit card, and debit card.

Crypto hotspot

Just like Miami, Texas is slowly but surely becoming a hotspot for cryptocurrencies.

But apart from its other crypto initiatives, one major thing that makes Texas an attractive place for miners is its renewable and loosely regulated power grid.

Riot Blockchain is one of the latest blockchain companies to take interest in Texas and announced that it is planning to acquire a data facility in the state. Blockcap, on the other hand, plans to set up offices in Austin to finally start its crypto operations.

Image courtesy of Cointelegraph News/YouTube

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinerx.com/blockchain/texas-supermarket-will-now-accept-crypto-payments/

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This will be another nudge for Bitcoin miners to use green energy

The American House of Representatives recently passed legislation requiring publicly listed companies to disclose Environmental, Social and Governance (ESG) metrics. The bill was passed by a narrow vo

The post This will be another nudge for Bitcoin miners to use green energy appeared first on AMBCrypto.

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The American House of Representatives recently passed legislation requiring publicly listed companies to disclose Environmental, Social and Governance (ESG) metrics. The bill was passed by a narrow vote of 215 to 214 and has now advanced to the Senate for consideration.

What is sustainable finance?

The bill defines “sustainable finance” as the ‘provision of finance with respect to investments taking into account environmental, social, and governance considerations.’  Expanding on the intent of this bill, House Financial Services Chairwoman Maxine Waters reportedly mentioned that the disclosure will provide investors with the necessary information to make the ‘best investment decisions’ and to hold companies ‘accountable.’

The bill also requires SEC to establish a permanent advisory committee to be called the “Sustainable Finance Advisory Committee.” Further, SEC Commissioner recently declared that the regulatory body was working toward a framework of rules for companies requiring climate-related risk disclosure, adding further that ‘climate and ESG are front and center for the SEC.’

What does this mean for Bitcoin?

The debate around the large-scale energy consumption caused due to Bitcoin mining has been around for many years. However, the issue escalated to new heights after related statements from the world’s billionaires went viral. In the last couple of months, the topic was making headlines almost every day.

In the light of these recent events, however, Bitcoin’s climate problem may have just gone a notch deeper. According to Chinese Journalist Colin Wu,

The Migration

Nearly two-thirds of all Bitcoin mining took place in China, until recently. The country shut down mining activities in Xinjiang, Inner Mongolia provinces, the first two of which are coal-rich provinces. Not only did this bring down Bitcoin’s hash rate, but also set off what is being termed as “the great mining migration.” The potential destinations miners are considering moving their operations to, include, Central Asia, Europe, and America.


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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/this-will-be-another-nudge-for-bitcoin-miners-to-use-green-energy

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