Join the larget crypto conference of 2023 in Bitcoin


U.S. Defense Department will study risks associated with cryptocurrencies

U.S. Defense Department will study risks associated with cryptocurrencies 2

The Pentagon will study critical risks associated with cryptocurrency use with the help of an Inca Digital firm.

The Pentagon is the headquarters of the US Department of Defense. It was established during the Second World War (1939 to 1945). As a part of the U.S. military, the phrase The Pentagon is usually used as an image of the Department of Defense and its leadership.

On 23 September, Washington Post reported that Pentagon has launched a new study program to point out several digital assets ( like Ethereum & Bitcoin) and find out the kind of risk they could pose to national security,

The Defense Advanced Research Projects Agency (DARPA) will focus to trace the vast digital assets market. For this purpose, the defense agency teamed up with Inca Digital which is a data analytics platform. 

Inca Digital will help the agency in-depth to study the core function & operations of different cryptocurrencies. 

Adam Zarazinski, chief executive officer of Inca digital, said that they will help the defense agency to understand the blockchain function most easiest ways. Also, he said that collaboration aimed to point out the scam activities going on with the use of cryptocurrencies like fraudulent trading & spot crypto scams.

US government against privacy provider platforms

From the very beginning, the US government agencies took strict action against the anonymous focused crypto platforms, which help bad actors to remain anonymous in their illegal activities.

Recently the US government imposed sanctions on popular crypto mixing platform Tornado Cash. According to the available data, Tornado Cash was used to launder more than $1 billion worth of funds in only the last one year of time frame and it was the main reason to impose a ban on this platform.

Many crypto proponents & crypto companies supported Tornado Cash and criticized the ruling of the government. In particular Cardano founder Charles Hoskinson, Ethereum co-founder Vitalik Buterin & leading Crypto exchange Coinbase, FTX showed full support to this crypto mixing platform.

Read also: The biggest stablecoin USDT is now live on the Polkadot network

U.S. Defense Department will study risks associated with cryptocurrencies






Ads by Cryptonews24

OKX - Moon Trade

Moon Grid trading bot
OKX’s new Moon Grid bot automatically buys low and
sells high within a wide price range using artificial intelligence based on market backtesting.
Quick to set up with smart entry and exit points!

How does it work?

  • Select Trade in the main menu, then select Trading bot.
  • Select a spot trading pair from the Trading bot menu.
  • Select Moon Grid from the listed strategies.
  • Enter the amount you want the bot to trade and click Create.
  • Your bot will then be live.
  • To view and manage your Moon Grid bot, select Bots at the bottom of the trading dashboard.


Trade with Moon Grid now


Ads by Cryptonews24




Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin. provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice. recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.


Please follow and like us:
Social media & sharing icons powered by UltimatelySocial