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Topic: SEC tendering for blockchain analysis companies - page 2. (Read 348 times)

legendary
Activity: 2170
Merit: 1427
Im wondering if chainanalysis company thing found out about all the remaining Mt Goxed coins by now? as far as I can remember there were $millions worth of bitcoin in unknown addresses... or perhaps all the addresses are already know? but many of them sitting on wallets that they haven't been able to intercept.

I'm pretty certain they know way more than we do, but I think the main problem here is that the coins are very likely distributed amongst hundreds of thousands of other addresses, likely belonging to innocent people, so from there it's not really worth the time to dig into it any further.

Back then it was less of a problem to mix coins and have them be sent to exchanges left and right, and we shouldn't forget the BTC-E connection. It may very well be that a lot of BTC-E users have withdrawn these gox coins.

That fat fuck has had plenty of time to work out his theft, and if you combine that with the relative freedom he had back then due to the lack of KYC/AML requirements, a small chunk of these coins are probably sitting in one of your or mine wallets right now.
legendary
Activity: 3080
Merit: 1500
https://www.fbo.gov/index?s=opportunity&mode=form&id=c18a03f93cf06df47dab8a1c1a7f87a9

How do we interpret this move? Does this mean they're moving towards something that increases their ETF passing abilities or just gives them the opportunity to nail more people?

I'd like to know how many cases have been built based on blockchain analysis. I have a sneaking feeling that much of it is utter bilge.

I don't think it has any relation with only ETF or nailing down more people. Rather SEC is looking to get holistic overview of the crypto marke to assess risk and identify opportunities.

Also it's normal to have sneaking feeling when a market regulator takes such step. I would feel the same if the market regulator of my country seeks help from blockchain analysis companies. But I am sure it's too early to comment on that.

Still I don't have much positive feeling about the ETFs approval. Its better not to have ETF in crypto market which are synthetic in nature as it will only increase the speculation game around the market. Not desirable at all!
legendary
Activity: 2968
Merit: 3684
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I think it'd be naive not to see this as a cynical move from the SEC. Maybe they don't want to nail people rightaway, but they certainly want to learn how people and their spending behaviours (or sending behaviours) are tracked. My surprise here though, is that they haven't yet got in touch with FBI or the IRS, who've already been known to use the Chainalysis Dick Tracys... somethiing tells me they have and this tendering is formality.
legendary
Activity: 3234
Merit: 5637
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Why SEC just not call NSA and ask for some of their tools like OAKSTAR, MONKEYROCKET or XKeyScore system? NSA is working on this from 2013, and by now they probably have more advanced programs for tracking transaction and identifying users.

What exactly is the purpose of this market research, it is difficult to conclude at this time. I can only say that many are mistaken about anonymity of BTC transaction and hiding their identity in that process. Big Brother watching everything, and Snowden discovered that users of BTC are particularly interesting for secret services.
legendary
Activity: 1666
Merit: 1196
STOP SNITCHIN'
https://www.fbo.gov/index?s=opportunity&mode=form&id=c18a03f93cf06df47dab8a1c1a7f87a9

How do we interpret this move? Does this mean they're moving towards something that increases their ETF passing abilities or just gives them the opportunity to nail more people?

I don't get it. What's the connection to an ETF? Blockchain analysis might improve their ability to identify manipulation -- I don't really know -- but it's not going to give them jurisdiction over offshore exchanges where manipulation is occurring.

Maybe they want to zero in on DEX trading, since security tokens are always issued on smart contract protocols, and all that activity is on-chain.

I'd like to know how many cases have been built based on blockchain analysis. I have a sneaking feeling that much of it is utter bilge.

Probably some of the darknet market arrests. I imagine government agencies and blockchain data companies will continue honing their surveillance abilities over time.
legendary
Activity: 1372
Merit: 1252
Im wondering if chainanalysis company thing found out about all the remaining Mt Goxed coins by now? as far as I can remember there were $millions worth of bitcoin in unknown addresses... or perhaps all the addresses are already know? but many of them sitting on wallets that they haven't been able to intercept.

Anyway this is why I was talking about the danger of sending mixed coins in an exchange. I did mix some coins as a test, now the doubt is, are one of these coins flagged by some hidden government list? this is the problem. Laws aren't clear on what would happen, but most likely you would end up in trouble, so im not willing to risk that just because I used some coins as a test on a mixer.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
https://www.fbo.gov/index?s=opportunity&mode=form&id=c18a03f93cf06df47dab8a1c1a7f87a9

How do we interpret this move? Does this mean they're moving towards something that increases their ETF passing abilities or just gives them the opportunity to nail more people?

I'd like to know how many cases have been built based on blockchain analysis. I have a sneaking feeling that much of it is utter bilge.
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