Identity Financial News

24.07 / 12:45

Blockchain Adoption identity Identification Worldcoin Worldcoin token launch sparks response from Vitalik Buterin

Vitalik Buterin, the co-founder of the Ethereum network, released a long-form essay with his thoughts on the recently launched Worldcoin human identity verification system.

17.07 / 06:55

Blockchain hacks security identity Sim Card Bitcoin Sim Swap How easy is a SIM swap hack and how does one guard against it?

Despite the rise of cybersecurity infrastructure, the online identity still faces many risks, including those related to the hacks of one’s phone numbers.

30.06 / 12:11

Blockchain privacy identity Worldcoin Sam Sam Altman's Worldcoin Debuts in Germany, Incorporates Okta for Enhanced Identity Management

Sam Altman’s Worldcoin is integrating with one of the world’s largest identity management platforms and is launching a new identity protocol in Germany.

27.06 / 19:11

Blockchain Ethereum Adoption Social Media Polygon identity New Web3 ID app lets users find each other based on proven interests

A Web3 app launched on June 27 lets users prove their social credibility using blockchain technology, according to an announcement from the app’s development team. Called “Quivr,” it lets users connect apps they regularly use, such as Spotify, Steam, Apple Music and others. Based on their behavior in these apps, Quivr generates blockchain badges that prove their interests or membership within communities, which can then be used as a way of identifying users who have common interests.

23.06 / 13:13

event Blockchain Social Media Web3 identity Crypto scammers and the need for tools to prevent theft: World Token Summit

Digital fraud is a huge problem in social media. Each day, scammers create new accounts mimicking popular content creators, and attempt to get fans and other unsuspecting victims to send them money. To solve the problem, some turned to the blockchain to try to create and implement a decentralized social identity verification system.

11.06 / 03:23

Reuters regulation Report Scams identity Customer FTX authorized to 'permanently redact' customer names from all bankruptcy filings

Bankrupt cryptocurrency exchange FTX has been granted permission to remove individual customers from all court filings in its bankruptcy case. However, the names of companies and institutional investors will be sealed for another 90 days.

28.05 / 21:53

Blockchain Decentralization identity Bitcoin boost Bitcoin can bring 'cause and consequence into cyberspace', boost security — Michael Saylor

Bitcoin may be the answer to combat cybersecurity threats driven by artificial intelligence, such as deepfake, said Michael Saylor, executive chairman of MicroStrategy, during a recent interview with Kitco News.

16.05 / 18:17

Blockchain Adoption wallet Social Media identity Power Are we underestimating the power of digital identity?

In this era of rapidly evolving digital landscapes, digital identity has emerged as a fundamental aspect not only of online presence but even more so of digital lives. While digital identity has enabled consumers to access services, build trust, and personalized digital experiences, the true potential of digital identity reaches far beyond these conventional realms. It stands as a crucial catalyst for a significant change in financial empowerment, ushering in a transformative era of digital transactions.

11.05 / 21:57

Blockchain Adoption regulation Banks Federal Reserve AML identity Reserve Federal Reserve's FedNow will integrate with Metal Blockchain

The Federal Reserve’s forthcoming instant payment service FedNow will be integrated with Metal Blockchain, according to a May 11 announcement from the Metal Blockchain team. The announcement said that the integration will allow Metal users to instantly convert funds to stablecoin and back again using FedNow’s “send/receive” function.

07.05 / 08:59

Blockchain Adoption Polkadot Deloitte identity KYC Verification Deloitte integrates blockchain for digital credentials

Big Four accounting firm Deloitte has integrated blockchain technology to allow customers to store verification credentials in a single digital wallet to streamline the “typically inefficient” verification processes.

25.04 / 10:15

Blockchain CFTC regulation privacy identity Digital Asset CFTC proposes reducing anonymity to manage risks

The commissioner of the Commodity Futures Trading Commission (CFTC), Christy Goldsmith Romero, has proposed reducing the anonymity of cryptocurrencies as a means of managing the risks associated with digital assets. The statement was made during the keynote speech on Illicit Finance and Other Key Risks of Digital Finance at City Week 2023 in London on April 25.

25.04 / 10:15

Blockchain Adoption defi identity Indian Vitalik Buterin and Indian yogi Sadhguru discuss tech, identity and more

Emerging technologies such as blockchain are ushering in a new era of interactions between humans and the digital world. This is an evolving topic of conversation for thought-leaders both inside and outside of the industry trying to predict how such technologies will prompt change in the human experience.

20.04 / 20:21

defi privacy identity P2P Networks Identification TransUnion to begin providing identity-protected credit scoring for DeFi lending

TransUnion, one of the three major United States credit reporting agencies, announced April 20 that it would begin supplying credit scoring to public blockchain networks. Off-chain credit data have not previously been available to Web3 and decentralized finance (DeFi) applications.

07.04 / 13:19

Adoption regulation wallet Europe European Union identity data privacy Europe’s digital ID wallet — Easy for users or a data privacy nightmare?

On March 15, the European Parliament voted 418 to 103 (with 24 abstentions) in favor of negotiating a mandate for talks with the European Union member states about revising the new European Digital Identity (eID) framework and creating the “European Digital Identity Wallet,” also known as EUDI Wallet or EU wallet.

04.04 / 21:49

Ethereum defi Decentralization layer2 identity KYC network Masa announces soulbound ID tokens for Coinbase's Base Network

Masa Finance’s soulbound tokens will soon be available on Coinbase’s Base network, according to an April 4 announcement from Masa Finance. The new tokens will allow users to link identifying and reputational characteristics to their wallet addresses, making credit underwriting possible on the blockchain, the company said.

04.04 / 18:09

Blockchain privacy Web3 data Decentralization identity Web3 digital identity is here to stay, but it has a long way to go

In today’s digital age, most consumers have some form of digital identity. Whether it’s a social media profile, gamer tag or online banking credentials, digital identities have become an integral part of people’s daily lives.

29.03 / 04:39

business Blockchain Adoption regulation us government identity NOT The government should fear AI, not crypto: Galaxy Digital CEO

Mike Novogratz, the CEO of digital asset investment firm Galaxy Digital told investors he is shocked over the amount of regulatory attention for crypto rather than artificial intelligence (AI), a technology he believes will trigger a “deep fake” identity crisis.

27.03 / 16:23

Blockchain Web3 Decentralization identity play From PayPal to Web3: Digital identity could play key role in unlocking mainstream adoption

The advent of the consumer internet in the 1990s brought unprecedented opportunities, democratizing access to information and communication, and revolutionizing digital commerce.

25.03 / 15:35

Blockchain Web3 data Decentralization identity Decentralized digital identities and credentials are key to mass Web3 adoption

As the world of Web3 emerges, so too does an exciting opportunity to emphasize the importance of trust and security in a digital world. Digital identity and credentials play a significant role in helping users manage their IDs and control their personal information securely.

16.03 / 02:43

business Adoption defi identity OpenAI co-founder’s 'World ID' project launches, along with SDK waitlist

Crypto unicorn Worldcoin has launched a waitlist for its “World ID” software development kit (SDK) — which will allow websites to verify the uniqueness and humanness of its users without storing their personal information.

02.03 / 07:31

business Ethereum Adoption defi Altcoin Polygon identity zk Polygon launches decentralized ID product powered by ZK proofs

Polygon, a layer-2 scaling protocol for Ethereum, has launched a zero-knowledge decentralized identity solutionto the public nearly a year after announcing its development.

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