Texas Representative Wants to Ban the Anonymous Use of Cryptocurrency

Texas Representative Wants to Ban the Anonymous Use of CryptocurrencyA Republican member of the Texas House of Representatives, Phil Stephenson, has just introduced a bill that would require residents of the state to identify themselves if they wish to use cryptocurrencies. H.B. No. 4371 details that individuals who send and receive digital currencies must be known. Although, if the user happens to use a […]

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Private Blockchains Have Few Applications, Study Finds

Private Blockchains Have Few Applications, Study FindsDespite all efforts, so far businesses haven’t been able to come up with significant applications for private, centralized blockchains as opposed to public distributed ledgers, a new study shows. According to the authors, in most cases corporate blockchain networks are used mainly for database verification and transactions auditing. Also read: Poll Shows 13% of Russians […]

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The Daily: Royal Mint Drops Digital Gold, Malta Issues Warning About Trading Platform

The Daily: Royal Mint Drops Digital Gold, Malta Issues Crypto Exchange WarningIn this edition of The Daily, we cover the U.K. Royal Mint’s decision to freeze a plan to issue digital gold tokens. We also look at a new Australia Post ID verification service, as well as a warning by the Maltese financial regulator about a cryptocurrency investment platform. Also read: AMD Takes a Hit, Johnny […]

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Bithumb and Coinone Terminating Fiat Withdrawals for Unverified Crypto Traders

Bithumb and Coinone Terminating Fiat Withdrawals for Unverified Crypto TradersTwo major South Korean cryptocurrency exchanges have announced that they will no longer allow unverified users to make withdrawals in Korean won. Starting next month, users of Bithumb and Coinone must have verified real-name accounts in order to deposit and withdraw the fiat currency. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals […]

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Korean Banks to Limit Services for Crypto Traders Without Real-Name Verification

Korean Banks to Limit Services for Crypto Traders Without Real-Name VerificationSouth Korean banks are reportedly taking measures to limit services for customers who are not using the real-name system. It has been over seven months since the Korean government introduced the crypto real-name system, but only 40-50% of accounts at the country’s top four cryptocurrency exchanges have been converted into real-name ones, according to local […]

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Telegram Launches Passport Service for ICO Verification

Telegram Launches Passport Service for ICO VerificationMessaging service Telegram launched a new crypto-oriented feature on Thursday. Telegram Passport is a “unified authorization method for services that require personal identification”. KYC for ICOs in other words, which the Russian chat platform names as one of its intended use cases for Passport. Documents will be secured by end-to-end encryption, and Telegram has promised […]

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HitBTC Asks Users to Verify Their Social Media Accounts Prior to Accessing Funds

Cryptocurrency users have expressed various concerns regarding the HitBTC exchange in the past. Slow response times to customer support tickets and deposit and withdrawal issues have occurred on multiple occasions. It now seems the company is asking some users for their social media information as a proof of identity. The New HitBTC Verification Procedure Cryptocurrency […]

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Bitcoin Cash Community Embraces Zero Confirmation Transactions

Bitcoin Cash Community Embraces Zero Confirmation TransactionsOver the past few weeks, the Bitcoin Cash (BCH) community has been discussing the subject of merchants accepting zero confirmation BCH transactions. Lots of BCH merchants have been accepting zero confirms lately as well, making the discussion topical again as it was a few years ago. Also read: Russian Railways Eyes Crypto for Tickets, Blockchain […]

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Cryptocurrency Exchange Verification Is Getting Weird

Cryptocurrency Exchange Logins Are Getting WeirdBack in the day, before cryptocurrency was worth anything, an email address and a password was all you needed to login to an exchange. Then came 2FA, using email verification or Google Authenticator. Then came the third generation of secure sign-in methods, and that’s when things started getting weird. Also read: Darknet Market Rapture Has Been […]

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