• Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
Monday, September 25, 2023
No Result
View All Result
Our Bitcoin News
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
No Result
View All Result
Our Bitcoin News
No Result
View All Result

Biden passes $770B defense bill that wants to utilize DLT

News
by Damien Martin
29 December 2021
Biden passes $770B defense bill that wants to utilize DLT
Share on FacebookShare on Twitter

After receiving overwhelming support from both the Senate and the House of Representatives, US President Joe Biden has signed the National Defense Authorization Act or NDAA which allocates roughly $770 billion to the country’s defenses.

However, the bill has been going around the crypto community for different reasons. It has called for utilizing emerging technologies such as DLT to develop defense strategies for the Fiscal Year 2022.

While the Act does not mention blockchain technology or crypto assets, it calls for the Secretary of Defense to find ways to adopt emerging technologies, including distributed ledger technology, by April 1, 2022, The Block reported Tuesday.

In addition, the bill has also instructed the Secretary of Defense to hire “digital talent” with the help of a “chief digital recruiting officer”. The recruits should have the necessary knowledge of distributed ledger technologies.

While the bill did not mention cryptocurrencies, the US Army Criminal Investigation Command (USACIDC) has been looking for tracking tools to identify individuals and groups using cryptocurrencies for fraud, crime, money laundering, and other fraudulent activities.

Previous Post

Avatar platform ‘Ready Player Me’ raises $13M funding from Samsung, others

Next Post

FTX suggests $1M reward for banks that accepts stablecoin

Damien Martin

Damien Martin

Damien has a rich history in the fintech and business reporting world. He is currently working at OBN to cover the most important news from the blockchain industry.

Related Posts

Dogecoin soars 10% ── Expected to be adopted by “X” | CoinDesk JAPAN | Coin Desk Japan

Dogecoin soars 10% ── Expected to be adopted by “X” | CoinDesk JAPAN | Coin Desk Japan

by Damien Martin
25 July 2023

Dogecoin (DOGE) rose for a second straight day on speculation that the memecoin will play a bigger role in the...

“Bitcoin / Web3 is necessary in the world” Hiroyuki × Yuzo Kano WebX special dialogue decision

Hiroyuki x Yuzo Kano Special Talk Report “Does Bitcoin/Web3 Need in the World?” | WebX Conference

by Kurt Ebenzer
25 July 2023

Focus on building emerging technologies Web3 and Bitcoin are said to be one of the hottest topics in the world,...

U.S. SEC Chairman Requests 10 Billion Yen Budget Increase, Including Support for Virtual Currency

US District Court Announces Date in Coinbase v. SEC Case

by Kurt Ebenzer
25 July 2023

Provide due dates for petitions and legal advice letters U.S. District Judge Catherine Polka Faira announced the upcoming schedule for...

No Result
View All Result

Recent Posts

  • Dogecoin soars 10% ── Expected to be adopted by “X” | CoinDesk JAPAN | Coin Desk Japan
  • Hiroyuki x Yuzo Kano Special Talk Report “Does Bitcoin/Web3 Need in the World?” | WebX Conference
  • US District Court Announces Date in Coinbase v. SEC Case
  • U.S. Ripple’s CTO highly evaluates the potential of real asset tokenization | WebX Conference
  • HashPort Group concludes basic agreement with KDDI to consider comprehensive collaboration in 3 Web areas | CoinDesk JAPAN | Coin Desk Japan
Our Bitcoin News

© 2021 Our Bitcoin News

Navigate

  • Home
  • Press Release
  • Sponsored
  • Our Journalists
  • Advertise
  • Editorial Policy
  • Privacy Policy
  • Terms & Conditions

Follow Us

No Result
View All Result
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners

© 2021 Our Bitcoin News