The U.S. Department of Defense has hired the cryptocurrency intelligence firm Inca Digital to develop tools to understand crypto markets and help crack down on digital asset use that could pose a risk to national security.
The move came through the Defense Advanced Research Projects Agency (DARPA), which is an independent agency of the U.S. Department of Defense. The program reportedly involves “mapping out the cryptocurrency universe in some detail.”
Inca Digital analyzes data across cryptocurrency markets, blockchains, news, and social media platforms to deliver intelligence to financial institutions, technology firms, and government entities.
The firm’s clientele includes a number of government and private sector companies, including the Commodity Futures Trading Commission, crypto exchange FTX, and brokerage firm Fidelity.
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