Bybit to introduce mandatory KYC requirements starting May 8
Users without Know Your Customer verification had a daily withdrawal limit of 20,000 USDT on Bybit prior to the announcement.
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Ethereum researcher says staking reveals IP address sparking privacy concerns
A researcher at the Ethereum Foundation said he had “internally” discovered that staking Ether reveals a user's IP address information.
Masa announces soulbound ID tokens for Coinbase’s Base Network
The token protocol can be used for a wide variety of applications, including membership badges, loyalty programs, decentralized captcha bots, and credit underwriting.
Binance launches internal investigation following KYC bypass rumors
Following allegations that Binance employees and volunteers help users bypass KYC protocols, the crypto exchange says it is launching an internal investigation.
Binance employees allegedly help customers in China bypass KYC controls
A new investigation claims that Binance’s billion-dollar security protocols are being manipulated by users around the world through inside help.
Coinbase CEO hints its new layer-2 network could include AML measures
Brian Armstrong said centralized firms have a responsibility to monitor transactions and carry out Anti-Money Laundering checks.
Why zero-knowledge KYC won’t work
Blockchain technology — including zero-knowledge proofs — doesn’t yet provide adequate solutions for identity verification.
BMW Partners With Coinweb to Develop Blockchain-Based Vehicle Financing Automation and Loyalty Program in Thailand
BMW, the luxury car manufacturer, has partnered with Coinweb, a decentralized blockchain layer 2-based company, to introduce blockchain-based tools to its operations. The company will develop blockchain-based automation for vehicle…
Crypto Exchange Bybit to Add New Restrictions for Unverified Users, Update Withdrawal Limits
Cryptocurrency exchange Bybit has announced upcoming changes to its know-your-customer (KYC) policy that will limit certain operations for unverified customers. The stricter requirements concern coin purchases with fiat money, NFT…
Crypto scammers are using black market identities to avoid detection: CertiK
The blockchain security firm has uncovered a new tactic used by crypto scammers as the industry continues to improve its fraud detection capabilities.