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Dutch Crypto Exchange Adds Extra Verification Measures Citing ‘Disproportionate’ Central Bank Requirements
18.11.2020
The exchange said it must now ask users for extra information such as the purpose of bitcoin purchases
BitMEX Completes Accelerated Verification, Secures 'Vast Majority' Of Volume
5.11.2020
Major crypto derivatives exchange BitMEX has completed their hastened user verification program, stating that it has secured the "vast majority" of its trading volume.
BitMEX gave its users until midnight (UTC time) on November 5 to complete the full verification in order to continue...
Bitmex Fast-Tracks KYC Program as Regulators Tighten Screws on Anti-Money Laundering Rules
22.10.2020
Bitmex said Wednesday that it is fast-tracking its user verification program in order to comply with regulatory requirements. Users must now be fully verified by Nov. 5, 2020 “to continue trading on the platform,” it said. In a statement, the crypto derivatives exchange stated that...
Crypto Options Exchange Deribit to Require ID Verification for All Users by Year End: Report
21.10.2020
Popular cryptocurrency options exchange Deribit will require all of its users to be ID verified before the end of this year under its revamped know-your-customer (KYC) policy
BitMEX Hastens User Verification After Securing 50+% of Their Trading Volume
21.10.2020
Source: Adobe/Jom_Ariya
The troubled crypto exchange BitMEX has accelerated its user verification program after securing over 50% of their trading volume in almost two months since the program begun.
"A significant amount of our users representing over 50% of our volume have successfully...
BitMEX Accelerates Mandatory ID Verification After Charges of Lax Anti-Money Laundering Controls
21.10.2020
The exchange moved deadline for identity verification from Feb. 2021 to Nov. 2020
More than half of all crypto exchanges have weak or no ID verification
2.10.2020
The highest number of exchanges defying regulatory norms are in Europe
Dock Announces Mainnet Launch
30.9.2020
Switzerland. September 30, 2020. Dock is pleased to announce the launch of its much-anticipated blockchain mainnet. The mainnet is the culmination of years of collaboration, hard work, and testing that brings to the market a bespoke credential issuing and verification platform. Dock seeks to solve...
Mandatory KYC verification may contradict privacy laws in South Korea
25.9.2020
Will this legal contradiction be resolved before the deadline?
Crypto Borrowing: Here Are Seven of the Best Interest Rates on the Market
9.9.2020
Cryptocurrency is sizing up traditional finance on its legacy turf of lending and borrowing with competitive interest rates (currently as low as 0.44% for ethereum and 4.50% per year for bitcoin) as well as less cumbersome verification procedures. Crypto holders present their virtual assets...
Over $1 Billion Ethereum-Based Tokens Vulnerable to ‘Fake Deposit Exploit’
28.8.2020
A number of university researchers published a study that demystifies the “fake deposit vulnerability” in Ethereum-based smart contracts. The findings show that over 7,000 tokens worth more than $1 billion built on top of Ethereum are vulnerable to two types of attacks that exploit...
BitMEX to Mandate ID Verification for All Traders as Maverick Exchange Ends Wild Ways
14.8.2020
The change comes with a six-month “grace period” ending in February
How Much Ether Is Out There? Ethereum Developers Create New Scripts for Self-Verification
11.8.2020
Ethereum and Bitcoin advocates have engaged in spirited exchange since Friday to answer an ostensibly simple question: What’s the total supply of ether?
Buy Stablecoins With Your Credit Card in Lumi Wallet
24.6.2020
Lumi Wallet announced that from June 2020, Tether USDT, Binance USD, Paxos Standard Token, Celsius and Dai are available to purchase in Lumi Wallet with a credit card. The highest grossing stablecoins on the crypto market are fully integrated for exchange and purchase in-wallet. Transactions under...
Ethereum’s $5.2 Million Fee Scandal Explained: Exchange Held to Ransom by Hackers
13.6.2020
Hackers are holding an unnamed crypto exchange to ransom after an alleged cyber-attack forced the Ethereum blockchain to facilitate two separate transactions at a cost of $5.2 million in fees, new information suggests. The hackers may have gained access to the exchange’s funds but failed...
Bitcoin Use on Darknet Markets Jumps 65% to Over $400 Million in First Quarter
21.5.2020
Bitcoin transactions on darknet markets jumped 65% in value during the first quarter to $411 million, according to research by a blockchain analytics firm. The amount of bitcoin sent from darknet entities to mixers also grew rapidly as exchanges with verification requirements became less popular...
Immunity Passes Explained: Should We Worry About Privacy?
23.4.2020
Immunity passes could allow people who have had the virus to return to normal life. Here's how they work, and why we might worry
South Korea Passes Bill to Regulate Cryptocurrency in Line With FATF Standards
7.3.2020
South Korea’s National Assembly finally passed a bill that provides a framework for the regulation of cryptocurrencies and exchanges. Crypto service providers will be required to use the real-name verification system and comply with reporting requirements in line with the global...
CULedger’s DLT-Based Credit Union Platform Is Commercially Live
24.2.2020
CULedger, a major fintech firm coordinated by the Credit Union National Association, commercially launches its blockchain identity platform
Swiss Financial Watchdog Proposes $1,000 Client Identification Threshold for Crypto Transactions
8.2.2020
Famous for its favorable business climate that has attracted hundreds of crypto companies, Switzerland is now expanding its financial regulatory framework. Some of the upcoming rules will increase oversight in the blockchain industry in compliance with new international standards regarding...