Article: Don’t Fear the Coming Regulation Wave

Blockchain, Decentralized Internet, Governance, Web 3.0

Don’t Fear the Coming Regulation Wave

The regulatory balance that exists on the internet cannot be described as elegant or simple, nor did it emerge smoothly. The internet today is far from the ideal, unified, global network that existed in the early 1990s. National regulations and firewalls, IP-based geofences and other tools have all chipped away at the feeling of limitless connectivity that existed in the early days. Despite those restrictions, in much of the world there is still no single, all-powerful gatekeeper that can block a company or idea from accessing the network. The internet remains, for the most part, a permissionless network.

This is most essential element of the internet that makes it an incubator of innovation, and it is the one that is most critical to preserve as we grow the regulatory maturity of the blockchain ecosystem. Many services that we take for granted every day have emerged on the internet in spite of fierce opposition from established industry players.

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Article: How Blockchain Can Help Upgrade KYC Processes

Blockchain, Decentralized Internet

How Blockchain Can Help Upgrade KYC Processes

The existing KYC processes are defunct and a natural progression is occurring, whereby data intelligence and blockchain technology are coming forward as alternatives. The benefits are undeniable and companies must look towards blockchain for the effective outsourcing and decentralizing of personal data. The use of trustless mechanisms to reduce the resource heavy identity verification processes that are required of traditional financial institutions will reflect how the gap between DeFi and TradFi can be bridged in a way that is mutually beneficial for both.

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Article: The Bitcoin Bridge: Sunny Fung explains MetaID and portable identity

Blockchain, Crypto, Data

The Bitcoin Bridge: Sunny Fung explains MetaID and portable identity

All the user’s personal information and the data they create is linked to transactions on the blockchain, allowing them to set permissions as to who (or what platforms) can see it.

The benefits of a portable identity system where users “truly own their data” are many. You can close your account on Facebook and Twitter, and (optionally) download all your data there. But you can’t port that data to a new platform, and there’s no guarantee the original platform doesn’t have a backup copy stored somewhere. With MetaID, control and ownership of the data remains with the user.

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Article: Deep Dive: How Crypto Exchanges Can Balance Platform Security With Customer Experience

Crypto, Cyber-Security

Deep Dive: How Crypto Exchanges Can Balance Platform Security With Customer Experience

Cryptocurrency exchange security is being hotly debated as digital assets draw more attention from consumers, investors, regulators and fraudsters. The values of cryptocurrencies are famously volatile and users can trade certain tokens anonymously or while using pseudonyms. These combined factors can attract both privacy-focused investors eager to gamble on favorable cryptocurrency market trends and also lure fraudsters who hope to hide their identities while conducting financial crimes. The current cryptocurrency frenzy is further creating a lucrative environment in which cybercriminals can carry out their schemes.

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