The IRS wants to create a set of reliable tools and processes for cracking crypto wallets as the purchase of goods and services using the technology becomes more popular. The IRS’s Criminal Investigations division faces difficulties in that cryptocurrencies are harder to trace and therefore do not offer the same
As a logger and holstein farmer, my grandfather was heavily dependent on the weather for his livelihood. Each year, he purchased a copy of the Old Farmer’s Almanac and it was kept in an easily accessible reading spot for reference. Taken on a day by day basis, the Farmer’s Almanac was not the greatest of guides, but if you took it on a month-by-month basis it claims about an 80% accuracy, which was more than enough to guide generalized decisions about logging and farming environments in Vermont’s Northeast Kingdom.
The OODA Almanac proposes to identify those topics and patterns we see having significance in 2021 to guide your short and long-term decision making. Over the course of 2021, we will continue to inject additional observations on these topics into our analysis or as stand-alone tidbits of observed intelligence (OODINT).
This week’s OODAcast features an interview with Camila Russo, the author of the book “The Infinite Machine: How an Army of Crypto-hackers Is Building the Next Internet with Ethereum”. Camila is also the founder of the Decentralized Finance (DeFi) site The Defiant, which tracks developments, emerging trends, and news in the fast moving DeFi space.
In this interview, Camila shares how her experience covering fiat currency issues as a reporter for Bloomberg sparked her interest in Bitcoin and how she focused her attention on the Ethereum project early in its development. We discuss Camila’s book and the emergence of Ethereum as well as the most interesting applications of Ethereum, future disruptions, and the general trends driving the DeFi space.
Federally Chartered Banks and Thrifts May Participate in Independent Node Verification Networks and Use Stablecoins for Payment Activities
Yesterday, the Office of the Comptroller of the Currency (OCC) released a letter stating that national banks’ and federal savings associations’ had the authority to participate in independent node verification networks (INVN). The letter also clarifies that these entities can use stablecoins to conduct payment activities and other bank-permissible functions.
The Top 10 Security, Technology, and Business Books of the year is a list compiled by OODA CEO Matt Devost and is typically one of the most popular posts on the site every year. This year, an eclectic list that takes care to avoid pandemic related topics and features some deep cuts that you won’t find anywhere else.
The Department of Homeland Security has released information on new projects that the agency will be funding to further the exploration and development of emerging technology, specifically blockchain. The agency has been focused on programs that can help refresh how it conducts operations, taking advantage of cutting-edge technology. The five
The US has created a framework for how criminal usage of blockchain technology should be dealt with on behalf of the government. Although the possibilities of blockchain are considered to be some of the best recent technological developments, the dark side of this is that cybercriminals often rely on them
Singapore has allegedly developed a blockchain-powered Digital Health Passport through its government-owned investment firm SGInnovate and Singapore-based startup Accredify. The technology offers a more efficient was to manage medical records, aiming to keep patient data under wraps and safe from cyberattacks. The application enables healthcare data to be stored in
Last week, bipartisan legislation was introduced to the House of Representatives that aims to direct the government into utilizing blockchain technology to secure transactions and protect US consumers from fraud. The bill has gained traction in Congress as it moves forward through the process of becoming law. The legislation, called
The Treasury Department reportedly is investigating potential ways to trace currency that is known as untraceable, seeking to expand its visibility into cryptocurrency transactions. These transactions enable anonymity and allow for more privacy between the parties involved than most other blockchain-based exchanges. Cryptocurrency is transmitted virtually through a decentralized digital