Tag: Verification

Compliant KYC Verification Doesn’t Require Users to Submit Identity Documents

Many cryptocurrency enthusiasts dislike the process of sharing identity documents with exchanges and other service providers PayTrie is experimenting with a different KYC solution, known as Express Verification.  Sharing sensitive identity verification documents with third parties carries significant risks. Simplifying KYC Verification More often than not, a data breach of a third party handling this data will expose users to all kinds of scam attempts. PayTrie acknowledges something needs to …
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New and Unverified Bittrex Users Cannot Withdraw Money From the Exchange

Using a cryptocurrency exchange is often constricted by certain limits and lack of access to all expected features. In the case of Bittrex – which is quickly becoming the most popular altcoin exchange – users may have missed out on some policy changes introduced in 2016. Any account created on or after August 1st of this year which remains unverified will not have the option to withdraw BTC. As some users are discovering, the withdrawal limit …
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Microsoft To Create a Smart Contract Security Task Group

Smart Contracts is one of the popular concepts associated with Blockchain Technology and Cryptocurrencies, however, recent events like The DAO contract breach highlighted the importance of designing and writing secure code.  The ability to program money and to create self-enforcing contracts unlock the potential to create incredible applications that may shape the way we deal with our money. Smart Contracts are pieces of code that are intended to execute in …
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Incomplete GDAX User Profiles To Be Suspended From Trading Come August 1st

GDAX, which is the new exchange platform by the Coinbase team, has been received with mixed feelings so far. Many people see it as another way to differentiate the company from the Bitcoin name. But it looks like using GDAX can be quite problematic as well, as the company will enable withdrawal limits very soon. GDAX Withdrawal Limits Are Coming Albeit this scenario does not sound as horrible as it …
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