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Tag Archives: ID

Telegram Reveals Personal ID Verification Tool for Sharing Data with ‘Finance, ICOs’

The crypto and blockchain industry’s go-to encrypted messenger app Telegram has released a personal identification authorization tool, according to an official statement published July 26. The tool, dubbed Telegram Passport, reportedly encrypts a user’s personal ID information and let’s users securely share their ID data with third parties, which the Telegram post elaborates on as “finance, ICOs, etc.” According to ...

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South Korean Banking Group to Launch Blockchain-Powered ID Verification Platform

A group of South Korean commercial banks will launch a blockchain-powered customer ID verification platform in July 2018, local news outlet Korea JoongAng Daily reports today, June 12. According the report, the Korea Federation of Banks (KFB) will launch their “BankSign” identity verification system to be used in both online computer-based and mobile banking.  According to Korea JoongAng Daily, the ...

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Poloniex Crypto Exchange Users Claim Accounts ‘Frozen’ After ID Policy Update

Users of cryptocurrency exchange Poloniex were making complaints about account “freezes” May 27 after completing mandatory new identity verification procedures. Account holders on social media claim that after confirming their identity, they receive notification that they may now continue trading, but their previously-functional account is now blocked. The problems, which Poloniex has not appeared to specifically acknowledge, began the same ...

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Universal ID for Blockchain Services Adds Age Verification

This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. Blockpass is the “first fully-compliant self-sovereign identity application giving users control over their data,” offering a universal solution for the “Know-Your-Customer” procedure throughout the Blockchain industry. The project has announced a partnership with ...

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Civic Demos Proof of Concept With Beer Vending Machines, Launches ID …

Blockchain identity verification platform Civic has emerged from Consensus 2018 with clear progress and updates for its identity attestation technology. The project imagines a network of validators and service providers who work together to verify individual identities. A new platform user would submit relevant identity information to a validation smart contract, which the validator would then review for approval. If ...

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What Are Civic’s ID Codes? – The Merkle

There are a lot of ways to implement blockchain technology. Civic is planning to do things especially differently with its ID Codes venture. This project will establish blockchain-powered verified relationships. It’s an important step toward ending scams in the blockchain and cryptocurrency world, although it may not be the end-all, be-all solution. Explaining ID Codes As the name somewhat suggests, Civic’s ...

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I’d Short ‘Crazier, Speculative’ Bitcoin If I Could

Microsoft founder Bill Gates issued critical comments about Bitcoin May 7, telling CNBC it was a “greater fool” investment and he “would short it if he could.” In comments during the network’s Squawk Box segment, Gates, who in February claimed cryptocurrencies had “caused deaths in a fairly direct way,” nonetheless did not discount the idea of engaging with it himself. ...

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LocalBitcoins User Claims Traders Must Submit ID For ‘Significant’ Volumes, Reddit Reacts

Social media users were rethinking patronage of peer-to-peer (P2P) trading platform LocalBitcoins today, April 17, after a trader produced evidence that personal ID was now required to buy and sell Bitcoin for some trade volumes. A Reddit thread begun by user u/yellowcuda reproduced a screenshot of the P2P marketplace in which an account holder receives a message demanding ID be ...

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