TRANSPARENCY
Browser Extension Reveals Twitter Blue Accounts
A browser extension named "Eight Dollars" is helping Twitter users distinguish between actual verified accounts and Twitter Blue subscribers, who pay for their verification badge. It shows whether an account has paid for verification or earned it through the traditional process.
Bitget Becomes the First Centralized Exchange to Offer Financial Transparency Through Space and Time
Bitget, the largest crypto copy trading platform, has announced a strategic partnership with Space and Time (SxT), a leader in decentralized data warehousing. The partnership will enable Bitget to offer users unparalleled transparency of exchange operations with a verifiably tamperproof audit trail of data and computation.
Binance Insider Allegedly Helps Users Bypass KYC Security Protocols
A report by CNBC alleges that employees and volunteers at Binance have been helping customers in China bypass the exchange's Know Your Customer Controls (KYC). The report points to Binance's Chinese-language chat rooms where users can access shared messages on techniques to bypass KYC, residency, and verification protocols allegedly coming from Binance employees or trained volunteers known as "Angels."
Binance Responds to U.S. Senators Letter, Excludes Financial Data
Binance has responded to a letter from U.S. Senators sent earlier this month requesting information about the crypto exchange’s operations in the country, including its balance sheet. Despite omitting financial data from the letter, Binance reportedly sent the information to U.S. regulators. In the 14-page document, Binance's chief strategy officer, Patrick Hillman, addressed the exchange's compliance history and recognized previous mistakes while claiming the firm has built solid Know Your Customer and Anti-Money Laundering policies in recent years. However, the response failed to address the senators’ concerns about Binance’s lack of transparency.
Binance responds to US senators' request
Binance has responded to a letter from US senators requesting information about the exchange's operations in the US, but it did not provide the financial data requested. The exchange's chief strategy officer recognized past mistakes and emphasized the firm's compliance efforts, but failed to address the senators' concerns about transparency.
Binance Adds 11 Tokens to PoR Report
Binance cryptocurrency exchange has included 11 more tokens in its proof-of-reserves report, taking the total number of assets in its system to 24, valued at over $63 billion.
Secret Network Validator Smart Stake to Shut Down Nodes
Smart Stake will no longer provide validator services to the Secret Network in light of an internal leadership conflict and transparency concerns.
Proof-of-Reserves Becomes a Burning Issue amid FTX Crisis
With the liquidity issue being a primary contributor to the FTX crisis, the proof-of-reserves concept has engulfed the crypto sector with more exchanges gearing towards showing more transparency.
Global Blockchain in Retail Market to Hit $3.27B by 2028
Heightened demand in the worldwide blockchain in the retail market is expected to drive its value past the $3.27 billion mark by 2028, according to market research organization Facts and Factors.
Blockchain Technology can Radically Revamp Government Structures, Cardano Founder Says
Blockchain technology has the capability of revolutionizing government structures from the whelms of archaic processes to modern ones, according to Cardano founder Charles Hoskinson.
Blockchain Analytics to Help Curb Crypto Misuse, Says HashCash CEO
Blockchain analytics is believed to help fill the void of curbing money laundering and cybercriminal activities, according to Raj Chowdhury, the CEO of HashCash Consultants.
India’s Telangana State Partners with CasperLabs for Seamless Blockchain-Powered Government Processes
To stimulate more secure, efficient, and sustainable government processes, India’s Telangana State has joined hands with CasperLabs to revamp operations using blockchain technology.
How Small Businesses can use Blockchain?
Here are some of the best ways small businesses can use blockchain without burning a hole in their pocket.
Coinbase Reveals Firm Received Around 2000 Subpoenas From Authorities Over Customer's Data
Cryptocurrency exchange Coinbase has revealed in its newly released transparency report that it got served a sum total of 1,914 government requests.
CBDC Privacy and Transparency: Double-Edged Sword of Blockchain
Privacy and transparency of CDBC, to enslave us or free us? that's the question.