Crypto scammers are using black market identities to avoid detection: CertiK

Crypto scammers have been accessing a “cheap and easy” black market of individuals willing to put their name and face on fraudulent projects — all for the low price of $8, blockchain security firm CertiK has uncovered.  These individuals, described by CertiK as “Professional KYC actors” would, in some cases, voluntarily become the verified face of a crypto project, gaining trust in the crypto community prior to an “insider hack or exit scam.” Other uses of these KYC actors include using their identities to open up bank or exchange accounts…

Read More

Know thy customer: The future of KYC in crypto

Crypto and Know Your Customer (KYC) guidelines seem to be an unhappy marriage — pseudonymity in the digital currencies’ DNA doesn’t match the old-school centralized protocols of traditional finance, but cohabitation is inevitable for the maturing industry.  The tension never really goes away, but even before recent months’ market failures for crypto, the regulators have been clearly hogging the blanket, nudging the established platforms toward more strict authentication procedures and cutting the privacy-hardline players off the market. Cardano co-founder Charles Hoskinson expressed a popular opinion from the industry side in…

Read More

Bitcoin Identity Design Emancipated – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

[ad_1] “Biomimicry is innovation inspired by nature. In a society accustomed to dominating or ‘improving’ nature, this respectful imitation is a radically new approach, a revolution really. Unlike the Industrial Revolution, the Biomimicry Revolution introduces an era based not on what we can extract from nature, but on what we can learn from her.” — Janine Benyus Where we are headed appears more complicated than perhaps understanding how we got here. Because history is our teacher and can inform how we choose to cocreate our future, we must pay homage to…

Read More