Bitcoin Magazine: What is KYC?

Monday, 01 March 2021 23:21
Know Your Customer (KYC) guidelines are requirements that compel financial services providers to make an effort to identify their customers. Fulfilling KYC requirements often includes gathering personal information about these customers by asking them to submit personal ID documents (e.g., ...
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Bitcoin mixers are solutions (software or services) that let users mix their coins with other users, in order to preserve their privacy. While Bitcoin addresses are “pseudonymous” — meaning, they don’t, in themselves, reveal the identity of their owner — they can often still be linked to…
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Bitcoin Magazine: Is Bitcoin Anonymous?

Tuesday, 02 March 2021 00:02
Bitcoin is not entirely anonymous. In reality, it is pseudonymous because each user has a public address that theoretically could be traced back to an IP address or exchange account (and by proxy, an actual identity) through proper network analysis. So instead, a better question is, to…
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The Risk Alert seemed to take particular aim at broker-dealers, who have been "inadequate" in their AML compliance.
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As the crypto exchange prepares for its initial public offering (IPO), Coinbase is warning that the pseudonymous Bitcoin creator Satoshi Nakamoto could jeopardize the firm’s business. In its official filing with the U.S. Securities and Exchange Commission (SEC) to receive approval for an IPO, Coinbase explains that…
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Indian cryptocurrency investors are facing severe uncertainty regarding the cryptocurrency future of the country. The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, leaves investors with the question of to liquidate or not. Bitcoin’s recent value rise crossing the $50000 mark has made heads turn, hinting…
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MicroStrategy, the world's largest publicly traded business intelligence company, is in the news again with their latest investment into bitcoin, a whopping $1.05 billion in a debt-for-bitcoin offering.  “MicroStrategy estimates that the net proceeds from the sale of the notes will be approximately $1.03 billion, after deducting…
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Ethereum (ETH/USD) extended recent upside gains early in today’s North American session as the pair appreciated to the 2036.77 area after trading as low as the 1925.03 area during the Asian session, with the intraday low representing a test of the 50-hour simple moving average.  The pair…
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BitPay, the Atlanta-based bitcoin payments startup, announced Friday that its prepaid Mastercard offering now supports Apple Pay. The post Bitcoin payments startup BitPay adds Apple Pay support for its prepaid Mastercard appeared first on The Block.
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The Block: Alpha Homora exploited for $37.5M

Saturday, 13 February 2021 14:32
Leverage liquidity protocol Alpha Homora was the victim of a $37.5M exploit on Saturday. The exploit involved the use of CREAM Finance’s Iron Bank service, which gives out uncollateralized loans to trusted smart contracts. In Saturday’s hack, an exploiter coded a contract that tricked Alpha Homora into…
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