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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
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As users take advantage of online services and explore the internet, they eventually create a digital identity. This type of identity is then tied to central entities like Google and Facebook, which make it easier to share data with new services through simple sign-in buttons.While these digital identity management systems
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Unstoppable’s next move is to foster a community within the app, integrating a feature allowing users to discover each other’s domain-linked profiles ahead of its Android launch at the end of the year. Its mission is for Web3 to become “accessible to the next 50 million people, not just the
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Elastos, a Web3 and blockchain ecosystem fostering data ownership and privacy along with software firm Tuum Technologies has joined forces with Mission 89, a Geneva-based organization working toward mitigating child trafficking in sports. Using Blockchain Technology to Tackle Child Trafficking In an announcement made today, Elastos, along with Tuum Technologies stated they
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A new standard developed in a MOBI working group is aimed to tackle used car fraud with verified car histories. Source
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South Korea’s Financial Services Commission (FSC) is seeking legal amendments that would make it mandatory for virtual asset service providers (VASPs) within the country to report the names of their customers.According to a press release from the financial watchdog on Wednesday, a proposed update to the Act on Reporting and
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In a conference hosted by the blockchain analysis company Chainalysis, the Director of Financial Crimes Enforcement Network (FinCEN) Kenneth Blanco stated that the U.S government will be observing a strict implementation of the “Travel Rule.”According to the “travel rule,” any entity engaging in cryptocurrency exchange is required to share their
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The US Justice Department has indicted a Singaporean man for impersonating various business personalities, faking the identity of video game developers and exploiting Google Cloud and Amazon Web Services (AWS) in order to mine cryptocurrencies including Bitcoin(BTC)trade, Litecoin (LTC)trade and Ethereum (ETH)trade.It is not the first time that crypto fraudsters
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