July 17, 2020 IRS awards contract to Coinbase for analytics software.

The U.S. Internal Revenue Service (IRS) has awarded a contract to the blockchain services company, Coinbase for access to the company’s blockchain analytics software, ‘Coinbase Analytics’. The contract went into effect on July 23 and will last for one year, having cost the agency $124,950. The news follows a similar recent discovery showing that the U.S. Secret Service has also paid Coinbase for access to its analytics service.