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U.S. Homeland Security signs $1.36M contract with Coinbase

The Immigration and Customs Enforcement branch of the U.S. Homeland Security (ICE) has awarded Coinbase a contract to supply "business application" and "application development software."

The deal signed on September 16 was worth $1.36 million, which is about 40 times more than the previous agreement with the Ministry. It became the largest federal contract on the bitcoin exchange.

In August, ICE paid Coinbase $29,000 for forensics software. In the corresponding document, the company was named "the only vendor who can reasonably provide the services required by the agency."

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