This ‘KYC Solution’ Will Link Ethereum Addresses to Identities
KYC regulations seem to be a pain in the rear for most enterprises interested in exploring the blockchain sector. But there is a potential solution on the horizon in the form of Oraclize, which is working on a way to link real-life identities to Ethereum wallet addresses. Whenever somebody talks about KYC [Know-your-customer] protocols, it is not hard to....
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The MIT ChainAnchor Project would offer this functionality on an opt-in basis at first, but if not enough people would get on board, the system administrators can force others to register if they want to remain a part of the Bitcoin network. A recent post regarding the MIT ChainAnchor project is raising a lot of questions, and very few answers. Based on the information in this post, Bitcoin users will soon be forced to link their identity to an address. What could MIT hope to gain by doing so, and to what lengths will they go to see this project come to fruition? The MIT ChainAnchor....
A security alert has been issued by the Ethereum team regarding users of the Windows AlethZero and eth client. The bug fails to write the private key of some identities, which could result in lost funds transferred to these “lost identities.” A hot fix update has been published in response. Ethereum developers were not kidding when they said there might be traps and highway men lurking behind the shadows of this unexplored Ethereum Frontier. One of such traps was discovered earlier this August 7, which could fool some users into thinking they had the private keys of newly generated public....
LINK could drop to nearly $4 by December 2022 given its failure to close above a key resistance level despite strong whale accumulation. Chainlink (LINK) returned to mimic the broader crypto market downtrend as its price fell alongside top coins Bitcoin (BTC) and Ether (ETH) on Nov. 8. LINK plunged by as much as 10% into the day to reach $8. While BTC and ETH slipped by approximately 6.5% and 9%. That contrasts with the trend witnessed on Nov. 7, wherein LINK rallied 14% to $9.25, its three-month high, while BTC and ETH dropped 1.5% and 0.5%, respectively.LINK/USD two-hour price chart.....
Namecoin decentralizes the world of online identities. The most common form of online identification used today is an email address. When you create a new account at any website, you usually have to provide an email address as a basic form of identification. You can then login with your email address, or a username attached to your email address, when you come back to the site in the future. While this system has worked good enough in the early years of the Internet, there are two projects in the cryptocurrency space that are looking to completely change the way online identity works for....
Several days ago three Bitcoin businessmen based in New York, Alex Waters, Yifu Guo and Matt Mellon, came out with an announcement that has made waves in the Bitcoin community. Their new business, Coin Validation, seeks to create a more regulator-friendly Bitcoin ecosystem by maintaining a Bitcoin "greenlist" - a database of Bitcoin addresses tied to established identities, which any user or business can join by signing up with Coin Validation, going through their identity verification procedures, and integrating their API. A more precise name for what the company is doing would actually....