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The news that Shapeshift is to move to a full custodial model, requiring KYC for anyone who wishes to swap cryptos, has sparked a wave of protests. Many users have vowed to take their business elsewhere. For cryptocurrency holders seeking a non-custodial exchange, there are several Shapeshift alternatives to choose from, with varying degrees of … Read more
Non-custodial crypto trading platform Shapeshift has introduced a membership program which will soon be mandatory. CEO Erik Voorhees explains that his exchange will have to begin collecting basic personal information of its users, and there will be five membership levels. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Shapeshift Membership Mandatory Soon … Read more
Following a new partnership with VeChain, the People’s Insurance Company of China will being applying blockchain technology to its operations Go to Source Powered by WPeMatico
Hong Kong-based cryptocurrency exchange Okex is enforcing tightened identity verification procedures. Daily withdrawal limits will soon depend on the KYC level passed by its users. The changes will apply to customers of Okex’s partnering platforms as well. Also read: Report: North Korea to Hold a Crypto Conference Withdrawal Limits to Depend On the Level of … Read more
Crypto exchange and wallet service Coinbase has acquired a decentralized identity startup to develop an identity verification and validation system Go to Source Powered by WPeMatico
Microsoft Azure has introduced a proof-of-authority algorithm on its Ethereum-based cloud computing platform Go to Source Powered by WPeMatico
The majority of crypto exchanges want to see the industry regulated, although many consider excessive regulation to be the biggest threat, according to a new study. A third of the platforms in the poll also fear a market crash that could suddenly devalue digital assets. A fifth of the exchanges dislike anonymity. Also read: Huobi … Read more
Cryptocurrency exchanges play a vital role in the world of Bitcoin and altcoins. Not every exchange has a solid reputation, which is only to be expected. HitBTC is facing a lot of scrutiny over its KYC procedures for verifying user accounts. It seems this situation is only getting further out of hand as time progresses. … Read more
TransferGo reportedly becomes “world’s first” fiat remittance service to offer crypto trading Go to Source Powered by WPeMatico
Messaging 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 … Read more
