Binance Announces Mandatory KYC for ALL Services

iPhone and Binance logo and dollars

The world’s leading cryptocurrency exchange, Binance, has announced mandatory KYC procedures for all services. Know-Your-Customer (KYC) is a standard tool used by institutions to track financial transactions around the world. It involves the verification of a customer’s identity before they can make any deposits, withdrawals, or transfers of funds. Due to growing concerns amongst regulators around the world that cryptocurrency…

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Ethereum (ETH) Smashes Through $3k Following “London” Hard Fork Upgrade

ethereum logo on red city background

Following the successful implementation of its most recent hard fork upgrade, dubbed “London”, the price of Ethereum (ETH) has skyrocketed. The second-most valuable cryptocurrency after Bitcoin (BTC), Ethereum is now solidly on route to migrating to a fully Proof-of-Stake (PoS) blockchain. The London hard fork went live on 4 August 2021, featuring five Ethereum Improvement Proposal (EIPs) including the highly…

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Solana (SOL) Development Platform Launched by Blockchain Infrastructure Firm Bison Trails

woman using laptop outside in field

Bison Trails, a blockchain infrastructure platform-as-a-service (PaaS) company, has launched a new ‘query and transact’ service for Solana (SOL) developers. The Solana blockchain, touted as a potential challenger to Ethereum (ETH), already has 250 projects being built on it since its launch in March last year. The platform provides a way to build decentralized applications (dApps) in a way that…

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Today in Crypto: A $12 Million Diamond, TikTok Bans, and More Dogecoin Pumps

Another day, another dollar… or $12 million of them! That’s right, somebody paid $12 million for a diamond at yesterday’s Sotheby’s Auction, which wouldn’t usually be very newsworthy except that they paid for it in cryptocurrency. The event marks the first time that Sotheby’s has accepted cryptocurrency for the sale of a physical item (they have sold NFT’s before), and…

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Top Seven Misconceptions Surrounding Crypto Gambling

Gambling with bitcoin and casino chips

Myths surrounding the crypto gambling community continue to disrupt players from enjoying an elevated gaming experience. People assume crypto casinos are explicitly rigged to generate revenue, but crypto-friendly casinos offer provably fair gameplay. Crypto transactions rely on blockchain’s smart contracts for security and privacy while also providing the fairest odds in casino history. Indeed, the casino house has an advantage,…

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Welcome to Worldcoin, a Coinbase-backed Crypto Distribution Scheme Utilizing Iris Scanning Technology

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A new startup boasting backing by major digital exchange Coinbase hopes to distribute cryptocurrency to people around the world in a very unconventional way – by scanning their eyeballs. Worldcoin (not to be confused with existing crypto project worldcoin.global) has developed a spherical device that can uniquely identify a person by scanning their iris. The device can then send cryptocurrency…

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Why the China Bitcoin (BTC) Ban Could Be Good for Cryptocurrency

bitcoin ban sign on the great wall of china

Fresh reports of a crackdown on Bitcoin mining by the Chinese government have spread another wave of fear throughout the crypto community, resulting in a plummeting BTC price and hashrate. However, with accurate reporting in China heavily restricted and news largely unverified, we are once again left wondering: what’s really going on? According to reports, large numbers of crypto mining…

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