Top US Military Officials Study Bitcoin For National Defense
Bitcoin has entered the US national security conversation more directly, and more publicly, than before. In Senate testimony highlighted Thursday by the Bitcoin Policy Institute (BPI) and several industry observers, Admiral Samuel Paparo, the four-star commander of US Indo-Pacific Command, described BTC as showing “incredible potential” as a tool with cybersecurity and broader strategic applications. […]
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The US Senate recently passed a $886 billion Military Spending Bill which includes some provisions around the cryptocurrency industry. The 2024 National Defense Authorization Act (NDAA), which approved the defense amount to be spent in 2024, included provisions that seek to address crypto as a particularly vulnerable sector for illegal activities and financing terrorists. New […]
DARPA calls for proposals to develop blockchain based messaging application for military use. Communications plays a vital part in the military. The use of blockchain technology in military communications makes perfect sense, as security plays a crucial role in it. Having realized this, DARPA – Defense Advanced Research Projects Agency has called for proposals from technology companies and contractors to develop such an application for the United States military. This is not the first time the US Department of Defense has commissioned work on advanced information technology projects. It is....
An office within the US Department of Defense is conducting a study into bitcoin and other technologies as a potential terrorist threat, according to news reports. The move is part of the Combatting Terrorism Technical Support Office (CTTSO) programme aimed to assist the military in understanding if and how various new technologies might be used to threaten US national security. The news first appeared on investment consultant Bruce Fenton's blog on Friday, with a link to CTTSO's request for vendors to apply as information sources. Before bitcoin fans get too alarmed, however, the CTTSO's....
Department of Defense to study bitcoin as possible terrorist threat! A division within the Department of Defense is investigating whether the digital currency bitcoin is a possible terrorist threat. The Combatting Terrorism Technical Support Office is spearheading a program that will help the military understand how modern technologies could pose threats to national security, including bitcoin and other virtual currencies, the International Business Times reported. A memo detailing some of the CTTSO projects states, “The introduction of virtual currency will likely shape threat finance by....
The research unit of the US Department of Defense has been working to fund efforts to find out if blockchain technology could help secure highly sensitive data, with potential applications for everything from nuclear weapons to military satellites. The Defense Advanced Research Projects Agency (DARPA) which acts to make pivotal investments in breakthrough technologies for national security, has been working within an innovation ecosystem that includes academic, corporate and governmental partners to create new strategic opportunities and novel tactical options. Its focus with blockchain is....