The largest cryptocurrency exchange in the U.S., Coinbase, has been reportedly selling Immigrations and Customs Enforcement tools to track and identify cryptocurrency users, a stunning new report from The Intercept revealed this week.
The company “sold a single analytics software license to ICE for $29,000” back in August 2021, the report says. The next month, however, it sold software worth $1.36 million to the agency, the report says. A contract involving the sales revealed that ICE “now has access to a variety of forensic features provided through Coinbase Tracer”, the company’s internal intelligence tool. The tool allows people to trace transactions through the blockchain. Coinbase markets the software primarily for use in corporate compliance and law enforcement, the report says. It boasts that the tool has the ability to “investigate illicit activities including money laundering and terrorist financing” and “connect [cryptocurrency] addresses to real world entities.”
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A top food processing plant will be closing down one of its facilities in Campbell County, Tennessee, adding to the long list of closures over the last year.
George’s Prepared Foods announced its chicken processing plant in the small town of Caryville would be shuttering operations by the end of the summer. The reason for the closure was not disclosed and has caught local officials by surprise. Campbell County Mayor E.L. Morton told local news WVLT that he’s trying to keep the plant open to save hundreds of jobs.
Trump Threatens China With New Trade War Amid expectations of the US launching investigations into China’s alleged theft of American intellectual property as well as unfair trade practices, Beijing appears unmoved by the imminent probe while US businesses fear reprisals in case the row unintentionally escalates. Washington...