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Are decentralized digital identities the future or just a niche use case?
28.9.2022
Are decentralized digital identities the future or are they a niche use case for blockchain technology doomed to solely be used by crypto natives?
․bit Raises $13M to Build Cross-Chain Decentralized Identity Protocol
15.8.2022
bit (did.id) has raised $13 million to build a cross-chain decentralized identity protocol. The Series A round, completed one year after the startup’s launch, was from CMB International, HashKey Capital, QingSong Fund, GSR Ventures, GGV Capital, and SNZ. .bit’s open-source blockchain protocol will...
Reinventing yourself in the Metaverse through digital identity
11.8.2022
Metaverse users can reinvent themselves with a digital identity built upon avatars and digital assets, but there are challenges to consider
First Binance soulbound token BAB targets KYC user credentials
1.8.2022
Binance's new Binance Account Bound token is aimed at many use cases in the decentralized society but will initially only serve as Binance KYC user credentials
Latest Global Findex Survey: Share of Adult Population with a Bank Account Now 76% — 1.4 Billion Adults Still Unbanked
16.7.2022
Between 2011 and 2021, the share of the world’s adult population that had bank accounts rose from 51% to 76%, the findings of the latest World Bank Global Financial Index survey have shown. About 1.4 billion adults are, however, still unbanked, not having the money or the identification...
Know thy customer: The future of KYC in crypto
8.7.2022
With the regulatory push for a tighter identification standards rises, the crypto industry definitely has some innovations to offer
Integrating blockchain-based digital IDs into daily life
30.6.2022
Blockchain tech is pushing the boundaries of ID management as governments look for scalable solutions that promote privacy, control and decentralized data management
Struggle for Web3’s soul: The future of blockchain-based identity
7.6.2022
What’s behind Buterin’s embrace of “soulbound tokens”? Ensuring Ethereum’s dominance? A backlash against NFTs? Creating a better world?
Buenos Aires to accept crypto for tax payments, launch DLT-backed citizen profiles
28.4.2022
Blockchain and virtual currencies are set to become vital part of the Argentine capital’s 12-step digital transformation effort
National Assembly of Panama Advances Discussion of Cryptocurrency Law Project
27.4.2022
The National Assembly of Panama has advanced a cryptocurrency law project that seeks to regulate cryptocurrency activity to give more clarity to the sector in the country. The proposal, which was approved in the first discussion, was composed of two different projects presented to the economic...
FIFO or Specific Identification: Choosing the Best Way to Calculate Cost Basis on Crypto
23.2.2022
For crypto users who use multiple exchanges or wallets, understanding how the IRS treats cost basis assignment can eliminate confusion
CertiK's identification of Crypto Cars as 'rug pull' was a false alarm
28.1.2022
A temporary website outage of the project's main site, among other factors, led to the error
Financial Market Committee Chair Aksakov Joins Calls for Identification of Russian Crypto Owners
19.1.2022
Anatoly Aksakov, head of the Financial Market Committee at the Russian parliament, has reiterated a warning for cryptocurrency investors and insisted that Russians owning coins should declare their digital assets. The parliamentarian also urged for the comprehensive regulation of crypto mining...
Head of Investigative Committee Calls for Mandatory Identification of Cryptocurrency Users in Russia
15.1.2022
Russians who use cryptocurrency should not be anonymous, the man who chairs Russia’s federal investigating authority has recently stated. The official leading efforts to fight corruption in the government called for additional regulations, including the introduction of mandatory...
Gibraltar's government plans to bridge the gap between public and private sectors with blockchain
7.12.2021
Officials have already started digitizing government services on the smart contract network RSK, but plan to step up work on the integration in early 2022
Bithumb to Ban Foreign Traders Failing Mobile Phone Identification
4.9.2021
South Korean crypto exchange Bithumb said it will deny access to foreigners unable to verify their identities via mobile phone. The decision comes as the trading platform moves to comply with the country’s updated regulations coming into force later this month. Korean Exchange Bithumb...
Russia to Track Crypto Transactions With Help From Sberbank-Owned Company
5.8.2021
The Federal Financial Monitoring Service of Russia is going to start tracking cryptocurrency transactions. The agency has already selected a contractor to develop the platform. The entity is affiliated with one of Russia’s largest financial institutions, Sberbank. Rosfinmonitoring to Keep...
Blockchain identity market to grow $3.58B by 2025, report claims
2.8.2021
A new forecast for the global blockchain identity management market expects growth at a compound annual growth rate of almost 71% during 2021-25
Using Decentralized Digital IDs and Blockchain to Help Millions in Africa Get Identified
9.7.2021
With over 1.3 billion inhabitants, Africa accounts for over 16% of the world’s population. However, the continent still falls short when it comes to providing its residents with legitimate or government-issued identification documents. As some studies have revealed, as many as 400 million...
Softbank Invests $200 Million in Brazilian Crypto Trading Platform Mercado Bitcoin
2.7.2021
The multinational conglomerate holding company headquartered in Tokyo, Softbank operates a Latin America Fund that invests in startups focused on identification technology, e-commerce, education, fintech and now cryptocurrency solutions. The Softbank Latin America Fund revealed on Thursday that...