Seized Crypto Agent Posititon May be Created in US

As reported, U.S. Marshals Service is looking to set up an agent for managing confiscated cryptocurrency
12 March 2019   289

The US Marshals Service (USMS) is considering the feasibility of establishing the position of an agent who will be entrusted with managing confiscated bitcoins and other cryptocurrency. Cointelegraph reported this with reference to public documents published recently.

The documents are part of the Request for Information on the procedural rules for the management and sale of seized cryptocurrency assets.

A key element of the US Department of Justice’s asset confiscation program, of which the USMS is a member, is the position of an agent or contractor who will deal with the management and sale of cryptocurrencies seized or seized. As the agency hopes, this will allow it to improve existing practices for storing such assets.

Thus, in the first document, USMS describes the full range of services for the management and sale of seized cryptocurrency, including general procedures and the responsibility of the contractor. In particular, it will have to ensure the accuracy and security of transactions, including direct exchange of cryptocurrency for US dollars, exchange for more liquid cryptocurrency and return of assets to the owner.

The contract also describes other tasks of the contractor: financial statements, work with clients, supervisory audit, management of blockchain forks, creation of wallets, etc.

In the second quality assurance monitoring document, USMS introduces a contractor performance evaluation system.

As the department notes, the documents are published solely for information and planning purposes and are not a request for tender proposals or a promise to make such a request in the future.

Bluezelle to Launch DDN Product Stage

Data delivery network functions like a content delivery network, but instead of caching content, it places data on many distributed networks
20 May 2019   62

Bluzelle, a crypto project aimed for creating solutions in the field of distributed data transfer, announced the launch of product stage of its Data Delivery Network (DDN) product at the.

Software applications today target global audiences, but data is stored and managed from technology built over ten years ago — before the explosion of smart devices. Consumers demand applications be fast, available and secure. As recent data breaches from the world’s biggest companies show, this demand is not being met.

Pavel Bains

CEO, Bluezelle

DDN functions like a content delivery network (CDN), but instead of caching content, it places data on many distributed networks. According to the developers, such a system helps to find servers that are as close to the user as possible, which in turn leads to a multiple increase in data transfer speed in a decentralized network.

According to Bluzelle, DDN currently supports more than 25 data centers and demonstrates a 30-fold increase in reading speed compared to Redis, the recognized leader in this field. In this case, synchronization of the recorded data is performed by all network nodes in less than a second.