Why These Chinese Companies Will Verify Your Identity For NFT Purchases
Per a report from the South China Morning Post, Chinese private companies implemented an initiative to de-anonymize non-fungible token (NFT) trading. Called “Self-Discipline Initiative”, major companies in this country took the commitment to verifying users’ identity in the digital sector. Related Reading | Web3 Gaming Company Speaks Out, Nintendo GameCube Logo Plagiarized? The document was signed […]
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Andreessen Horowitz-backed Jumio, an identity verification company, has announced a partnership with eight leading bitcoin companies in order to form an identity security network. Dubbed the Bitcoin Identity Security Open Network (BISON), the system works by allowing partners to collect and verify a customer's identity during a transaction using any connected device. Customers simply need to hold up their government-issued I. D. or Passport in front of their camera, and Jumio's Netverify validated the I. D., extracting the user's information and auto-populating it into the appropriate....
Blockchain-based startup ShoCard has raised $1.5 million to fund the development of its digital identity card, the Tech Crunch reported. Debuted in May this year, the startup plans to verify and store identity records into the blockchain, a technology that currently runs the disruptive digital currency Bitcoin. In its ideal scenario, ShoCard has hoped to eliminate the need to carry paper documents for identity verifications, a reason why venture capitalists like Morado Ventures Partners, AME Cloud Ventures, Enspire Capital and Digital Currency Group have come forward to fund it. "A lot of....
A new protocol called “BitID” promises to streamline identity verification for online services while protecting privacy – with tokens on the Bitcoin blockchain. Replacing User-Unfriendly ID Systems. BitID is now concluding a successful testing period, and should be ready for other services to use in the near future. Although credit cards and e-commerce....
From an anonymous tip, CCN received a leaked document of a name change, also known as a Deed Poll in the United Kingdom. Over the past few days, allegations arose claiming Moolah CEO Alex Green is operating under a pseudonym to hide his true identity. Various documents, photos and sources linked Green to known Bitcoin scammer Ryan Kennedy, also known as Ryan Gentle by the provided driver's license. Also read: New Sources Verify Bitcoin Exchange Moolah CEO Alex Green's Former Scammer Identity. The leaked document possibly proves that Ryan Gentle once legally changed his name to Ryan....
Using cash or checks more often is another great way to avoid the majority of identity theft threats, although any paper trail is still a line of breadcrumbs waiting to be used maliciously. Bitcoin is often referred to as a way to avoid taxes and conduct illegal activity online. However, a recent report by Harris Poll on behalf of the American Institute of CPA shows that 10% of respondents use Bitcoin to avoid identity theft during tax time. It only happens once a year, but tax time is a stressful period for all parties involved. Not only is there a lot of paperwork to fill in and verify,....