Select Page

U.S. Government Puts Up $10 Million Bounty In Crypto

U.S. Government Puts Up $10 Million Bounty In Crypto
Loading...
This article is added for educational purpose only. All credit goes to the respected author of this article. All In One Crypto App do not hold any liabilities of this article. You can get the source link at the end of the article content.

The U.S. Department of State has put out an offer for a bounty in crypto up to the tune of $10 million in exchange for actionable information on cyberattacks that are carried out by foreign governments. This will be the first time that the U.S. government has embraced the use of cryptocurrencies to pay for services rendered.

The offer was made through the U.S. Department of State’s Rewards for Justice program, administered by the Diplomatic Security Service. Since certain cyber operations targeting United States critical infrastructure might violate the Computer Fraud and Abuse Act (FCAA), the Department of State is trying to get in front of the attacks before they occur.

Related Reading | Make It Rain Satoshis: Las Vegas Strip Club Starts Accepting Bitcoin Payments

These attacks include and are not limited to transmitting extortion threats as part of ransomware attacks, intentional unauthorized access to a computer, or exceeding authorized access. In which case, the attacker would obtain information from a protected computer, which they can use to transmit a program, information, code, or command. And thus, use that access to cause damage to a protected computer.

How Will The Ransom Be Paid

The U.S. Department of State explained that they had set up a tips-reporting channel using the Dark Web (Tor-based) in order to ensure the safety and security of sources and make sure they are protected.

The U.S. Department of State’s Rewards for Justice program is also working with other agency partners in order to ensure the privacy of the information and make sure the information coming in is processed in a timely manner.

Total crypto market cap trails $1.24T | Source: Crypto Total Market Cap on TradingView.com

To ensure this, the U.S. Department of State has also stated that the reward payments may also include payments in cryptocurrency. This is not a stretch as a good way to ensure the privacy of the reporters would be to pay in digital assets, as this will ensure that the attackers cannot track who the payments were made to.

A report from CoinDesk writes that a State Department spokesperson had confirmed that this would be the first time that the program would offer payment in crypto.

This marks the first time since its establishment in 1984 that the Rewards for Justice program has offered a reward payment in cryptocurrency.

The U.S. Government And Crypto Going Forward

The offer of possible payment in digital assets by the Rewards for Justice program shows that crypto adoption is headed in the right direction in the industry.

One problem that has been in the crypto space is the fact that governments have been so strongly against digital currencies. Crypto trading is banned in a lot of countries.

Recently, China carried out a massive crackdown on mining in the country, which happens to be the mining capital of the world, with over 70% of mining done in the country. And in the same streak, the government had ordered banks and financial institutions to stop enabling trading of crypto in the country.

Related Reading | Bitcoin Might Already Be In A Bear Market, Investors Just Don’t Know It Yet

But news of El Salvador making bitcoin a legal tender and other countries showing interest in doing the same has shown that crypto adoption is becoming more and more a reality.

Politicians in the U.S. government have also started showing support for the coin. U.S. Mayor Scott Conger posted on his Twitter account that he believed that bitcoin would help to fix inflation.

And with the U.S. Department of State’s Rewards for Justice program offering payment for services in crypto, there is no doubt that the general attitude towards crypto in the government is slowly but surely changing.

Featured image from International Banker, chart from TradingView.com

 

Source: NewsBTC

 


All In One Crypto App presents a unique dynamic crypto course that allows you to become a profitable and successful trader. Download Now
Loading...

Don't forget to share your review/suggestions for android app.

All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.es here
Loading...

Categories

Select Sub Category
category
61497019d31db
1
1
Loading....

Reviews

All In One Crypto App

Made $234 profit with Free Signals from $50

This is the best useful app on my phone. Started trading with $50 and in 5 weeks I was up to $234 just with the free signals. I will recommend it to any new person that wants to try trading crypto. Link to Review

Asoluka Chimdindu

Free User
All In One Crypto App

Good Support

This app is one of the best for crypto currency trading signal for experts and beginal with free and premier with auto follow trading bot all the signal is excellent with accurate technical analysis and fundamental I really like the way they guide and support. Link to Review

olaplus olaplus

Premium User
All In One Crypto App

Accurate Trading Signals

I was premium member of this channel back in 2018 when there was no app. Thr signals were too good, more than 90% accuracy. Now with this app and newly introduced auto trading bot, it will be awesome. Too the moon. Link to Review

Yogesh Patil

Premium member
All In One Crypto App

Awesome and Accurate Signals

Very glad to use this app. The crypto signals was awesome and accurate with detailed explanation and visual information. The admin also helpful and nice. Link to Review

soon cheong

Free User
All In One Crypto App

User Friendly App

Signals are great. I love it. App also friendly to use… Nice job guys Link to Review

Olawunmi Dilureni

Premium Subscriber

Recent Comments