Fun

News Feed - 2023-06-27 08:06:07

Tom Mitchelhill10 hours agoYes, the Secret Service has an NFT collection, and no, it’s not for saleAgents from the U.S. Secret Service San Francisco Field Office have answered a burning question about its NFT collection. What does it do?2218 Total views2 Total sharesListen to article 0:00InterviewJoin us on social networksThe United States Secret Service has finally shed more light on its bizarre nonfungible token (NFT) collection sitting on OpenSea. 


The NFT collection was first revealed during a Reddit AMA on May 16, where agents answered questions from members of the r/cryptocurrency subreddit about their involvement in crypto and blockchain tech. Until this time, not much of an explanation was provided about the NFT collection or why it exists.


Speaking to Cointelegraph, agents from the Secret Service’s San-Francisco field office, known as the “Digital Asset Technology Alliance” (DATA) Squad, said they wanted to better understand how NFTs worked.The U.S. Secret Service San Francisco Field Office NFT Collection. Source: OpenSea


Forensic financial analyst Andrew Frey, the agent who spearheaded the Reddit AMA, said it also serves as a forward-facing example of the agency’s interest in the broader crypto ecosystem.


The DATA squad is a subunit of the Secret Service San Francisco Field Office, which deals specifically with crypto-related crimes.


Special Agent Alfonso Speed said that everyone from the DATA squad had their own unique NFT, each one being specifically personalized to each field agent.


“Everyone who owns an NFT had the opportunity to submit where they wanted themselves to be represented across Northern California, specifically the San Francisco Bay Area.”


The team shared a laugh as Special Agent in Charge Shawn Bradstreet pointed out that Speed was depicted standing on top of the notorious prison Alcatraz.Alcatraz edition of the Secret Service NFT Collection. Source: OpenSea.


“You really do see people’s personalities or things that they enjoy doing,” Speed said.


While some of the NFTs have received multiple offers, ranging from 0.0028 ETH ($5) to around the 0.02 ETH ($37), none of which have been accepted.


The agents said NFTs were never created to be offered for sale. Overall, the agents on the DATA taskforce take a positive approach to crypto, with many of them owning crypto and NFTs in a personal capacity.


Frey shares that while the NFT collection was a fun and creative outlet for the team, it also stands as a serious symbol of their involvement in and dedication to the broader crypto landscape.


“Overwhelmingly, there is a ‘not wrong’ belief that law enforcement doesn’t know what they’re doing in the crypto space,” said Frey. “I think that our NFTs are a neat way to show that we do have a seat at the table and that we’re really invested in crypto and the investigation of digital assets.”


Related:Former US Secret Service asst. director: Keep personal info of FTX users private


Frey reiterated that the NFT collection was also made to highlight the agency’s accessibility and to make them more approachable by the public, and particularly, crypto enthusiasts.


“The spirit behind them is public education,” said supervisory Special Agent Ryan Cole.


Being able to interact directly with members of the crypto community by way of social media platforms such as Reddit has proven essential to solving crimes and returning funds to victims in the past, Frey added.


“It was through those interactions that we learned that there was this whole community that was kind of griping and warning about all these different types of scams,” Frey said. “The cases that we see most of are specifically victim-based crimes and one of the main goals of our investigative work is to make these victims whole again.”


The Secret Service is tasked with two main directives: protecting key political leaders and safeguarding the financial and critical infrastructure of the U.S.


Magazine:Tornado Cash 2.0 — The race to build safe and legal coin mixers# Adoption# United States# Secret Service# NFT# RegulationAdd reactionAdd reactionRelated NewsHistory of money: From fiat to crypto, explainedWhat is generative AI?Crypto scams are going to ramp up with the rise of AIUS lawmakers blame crypto firms for ‘tax gap’ in letter to TreasuryUS Financial Services Committee sets date to discuss future of cryptoBinance VP of marketing: Crypto needs to ‘double down’ on community support

News Feed

As Lightning’s Economy Takes Shape, Devs Are Split on Proposed Fee Hike
Fees aren’t just a topic of discussion for bitcoin users anymore. As the tech matures and an economy develops, fee discussions are making their way into the lightning network too.
Wall Street Pepe ($WEPE) Raises $45M – Is This the Next Meme Coin to 100x?
Este artículo también está disponible en español. 2025 is shaping up to be the year of the Frog, if presales for Wall Street Pepe ($WEPE) are anything to go by. They̵
Market Cap of Exchange-Issued Tokens Surpasses $43 Billion, Binance’s BNB Token Surges 150%
Market Cap of Exchange-Issued Tokens Surpasses $43 Billion, Binance"s BNB Token Surges 150% Buoyed by bitcoin’s recent spike, altcoins including exchange-i
Bitmex Co-Founder Arthur Hayes Avoids Prison for Violating US Bank Secrecy Act
Bitmex Co-Founder Arthur Hayes Avoids Prison for Violating US Bank Secrecy Act Bitmex co-founder Arthur Hayes is not going to prison for violating the U.S. Bank Secrecy Act. Instea
Bithumb Terminates Trademark Agreements With 2 Foreign-Based Exchanges
Bithumb Terminates Trademark Agreements With 2 Foreign-Based Exchanges Leading Korean crypto exchange Bithumb is terminating its trademark agreements with two co
39% of Canada’s institutional investors have exposure to crypto: KPMG
Brayden Lindrea7 hours ago39% of Canada’s institutional investors have exposure to crypto: KPMGKPMG Canada partner Kunal Bhasin says rising debt and increasing inflation have likely attracted institutional investors in
Panama President Mulls Crypto Bill Approval Due to Money Laundering Concerns
Panama President Mulls Crypto Bill Approval Due to Money Laundering Concerns The president of Panama, Laurentino Cortizo, has declared he will not sign the recently approved crypto
Tom Mitchelhill3 hours agoShibarium hits 1M wallets amid meteoric growth, SHIB yet to catch upShibarium network activity has soared despite the price of SHIB falling more than 20% since the tumultuous launch of the layer
Google Cloud Partners With Coinbase to Accept Crypto Payments, Drive Web3 Innovation
Google Cloud Partners With Coinbase to Accept Crypto Payments, Drive Web3 Innovation Google Cloud has announced a partnership with Coinbase to drive Web3 innovation that includes u
Bitcoin, Ethereum Technical Analysis: BTC Jumps to 6-Month High Above $24,000
Bitcoin, Ethereum Technical Analysis: BTC Jumps to 6-Month High Above $24,000 Bitcoin surged above $24,000 on Feb. 02, as markets continued to react to the latest U.S. Federal Rese
Bitcoin Price Smashes $61.7K High — Leading Crypto Asset Needs to Gain Over 5% to Reach ATH
Bitcoin Price Smashes $61.7K High — Leading Crypto Asset Needs to Gain Over 5% to Reach ATH The price of bitcoin has continued to push toward higher prices as the leading crypto
More Regulations Proposed to ‘Streamline’ Mining Sector in Kazakhstan
More Regulations Proposed to ‘Streamline’ Mining Sector in Kazakhstan Authorities need to expand the regulatory framework for cryptocurrency miners, a member of the parliament