Cryptocurrency Analysis and News Portal
The rise of artificial intelligence (AI) has been subject to growing concerns over identity verification tools at cryptocurrency exchanges.With rapidly evolving AI technology, the process of creating deepfake proofs of identity is becoming easier than ever. The concerns about AI-enabled risks in crypto have triggered some prominent industry executives to
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As of July 15, new customers will be required to complete identification checks to use KuCoin's services. Source
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Tether, the company behind market-leading stablecoin Tether (USDT), has addressed concerns regarding its operational decisions.According to documents released by the New York Attorney General (NYAG), Tether reportedly deactivated approximately 29 accounts belonging to prominent cryptocurrency players in 2021. It appears that most individuals on the list had their accounts terminated
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"Elements are conceptually ... the first instance of decentralized consensus," Butcher told CryptoX. "We're trying to play into the themes that Checks is trying to express about consensus on the internet to pre-internet consensus, which is that all of these different cultures, languages, parts of the world, different schools of
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Regulators in the tech-friendly nation say they’ll return to business-as-usual monitoring after money laundering fears led it to take a tough line. Original Source
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For the Twitter Blue subscription, only individuals retain the Blue Check while organizations that subscribed to the service will be given a yellow tick. Yesterday was a historic day for American multinational micro-messaging platform Twitter Inc as it striped its previously verified users of their Blue check marks. While the move
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Forbidding the use of cryptocurrency entirely does little to curb darknet activity, and police-led closures such as that of Hydra in 2022 tend to have only short-lived impacts, as other alternatives spring up to replace it, the report said – but investigators can also improve their ability to respond. Original Source
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Loosely inspired by Damian Hirst's NFT project The Currency, Butcher has decided to introduce a burn mechanic that allows holders to remove their edition from circulation and trade it in for an on-chain original featuring unique art and a smaller number of checks. Burning two original NFTs featuring 80 checks
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The global chess authority is looking to onboard the game’s 500 million players into Web3 with the new partnership. Source
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As the FTX collapse highlighted the need for more transparency from centralized crypto exchanges, working with auditors has been the move by top crypto trading platforms to assure users that their assets are fine. However, two of the most prominent auditors have suddenly dropped their crypto auditing services, leaving exchanges
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