Google struck a deal with the US Department of Justice after the BTC-e data was leakeda crypto exchange that was investigated and shut down by the FBI for alleged money laundering in 2017.
Moreover, Google is also launching a new service in the blockchain world related to Ethereum nodes to help developers create new applications in the Web 3 sector.
But let’s go in order
Google and the agreement with the US Department of Justice on the exchange of cryptocurrency
Google has agreed to a settlement with the US Department of Justice Regarding the case of the BTC-e cryptocurrency exchange, he was asked to hand over the data in his possession.
according to mentionedIn 2016, the FBI was investigating BTC-e for alleged money laundering and filed a search warrant on Google that was supposed to provide data on cryptocurrency exchanges.
Unfortunately, Because of the optimization algorithms from Googlewhich transmitted data around the world, the company He was unable to clearly identify the information he was required to provide.
In 2018 alone, Google allegedly signed a letter praising the law’s passage to clarify the company’s obligations. At that point, however, The data initially requested by the Ministry of Justice was lost.
However, it did not stop the FBI from shutting down the cryptocurrency exchange for criminal purposes, but it remained pending with the tech giant.
Google: The case for a cryptocurrency exchange to improve its platform
In order to compromise, Google had to go public You will ensure full and timely responses to legal processes such as subpoenas and search warrants.
Not only that, the company has also said so Many measures are taken to avoid such legal complications in the future.
While Google later told the court that it did Spent more than 90 million dollars In own resources, systems and personnel for Implement improvements to the legal process compliance program, The US Department of Justice said:
“This agreement demonstrates the Department’s determination to ensure that technology companies, such as Google, provide prompt and comprehensive legal responses to ensure public safety and bring perpetrators to justice.”
Google launches “Blockchain Node Engine” for Ethereum developers
A new Web3 project created by the Mountain View Company
Google has announce A new project called the “Google Cloud Blockchain Node Engine” was launched today, designed for developers using Ethereum who want to build products specifically for the Web3 sector.
In particular, the Blockchain node engine is nothing more than a hosting service for nodes that aims to “reduce the need for operations on the nodes” themselves.
In fact, businesses operating in Web3 need dedicated nodes to perform transactions, execute smart contracts, and reliably read or write blockchain data, and this will now be possible thanks to this new feature of Google Cloud.
At the time of this service’s launch, Ethereum will be the only blockchain supported by the Blockchain Node Engine, but a blog post published by the company today indicates that other networks may be added soon.
Benefits of Google Cloud’s Blockchain Node Engine
Managing a node is a time consuming process that involves many actions such as installing an Ethereum client (like geth) and waiting for the node to sync with the entire blockchain, which can take days.
However, as shown in the post, Google Cloud’s Blockchain Node Engine can make this process faster and easier, allowing developers to deploy a new node in a single process, and also select the desired network i.e. whether to use the mainnet or testnet.
Another feature related to security To prevent unauthorized access to nodes and DDoS attacks.
Google Cloud always monitors nodes and restarts them during outages if necessary.
Accepting cryptocurrency payments in 2023
Recently, leaked news that Google will start accepting cryptocurrency payments for its cloud services thanks to a partnership with Coinbase.
From 2023, everyone Google cloud services clients They will be able to use crypto, with the calculation that some of them are already crypto companies.
The new integration will be possible thanks to Coinbase trade solution It is actually adding crypto payments on websites.