Coinbase document reveals Bitcoin, Ethereum and Tether Bombshell in the middle of a new cryptocurrency crash
Bitcoin
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The Bitcoin price has crashed below $ 20,000 per bitcoin while ethereum has fallen to around $ 1,000 per ether – each losing more than 70% from its all-time highs.
Now, as some bullish investors speculate that the worst of the cryptocurrency crash could have already happened, documents have revealed the major cryptocurrency exchange Coinbase
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Coinbase has struggled to maintain revenue and users amid bitcoin, ethereum and crypto prices … [+]
Coinbase’s analysis program, Coinbase Tracer, provides ICE user data for cryptocurrencies, including “historical geospatial data” and transaction history, according to a document obtained by the watchdog group Tech Inquiry and first reported by The concept. A Coinbase representative was unable to elaborate on the source of the “historical geospatial data.”
The ICE contract is part of an agreement Coinbase signed last summer with US authorities, and the document suggests that Coinbase Tracer can track data related to bitcoin, ethereum, stablecoin-tether and other cryptocurrencies, as well as all tokens on the ethereum network – known as ERC-20 tokens.
Coinbase Tracer software, which analyzes millions of blockchain-based transactions, can also perform “transaction mixing and” shielded transaction analysis. “Coinbase markets the software as a way to” investigate illegal activities including money laundering and terrorist financing “and suggests Tracer can” link activities to real devices. “
However, Coinbase denied that the information provided by the analysis software is Oslo Børs’ customer data.
“We want to make this incredibly clear: Coinbase does not sell proprietary customer data,” the cryptocurrency exchange posted to Twitter.
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The Bitcoin price has fallen below the psychological $ 20,000 per bitcoin level, and has pulled down … [+]
“Our first concern has been and will always be to provide the safest and most secure crypto experience to our users. Our Coinbase Tracer tools are designed to support compliance and help investigate economic crime such as money laundering and terrorist financing. Coinbase Tracer retrieves the information from the public. sources and does not use Coinbase user data. Ever. “
Coinbase shares have crashed dramatically over the past year as the company battles falling bitcoin, ethereum and cryptocurrency prices, regulatory headwinds and the collapse of major currencies.
Last month, analysts at Wall Street giant Goldman Sachs downgraded Coinbase to “sell” – warning that the company could be heading for “further downgrading” even after a devastating 80% price crash.
