LocalBitcoins’ New KYC Rules Raise Privacy Concerns

Beginning September 1, 2019, legacy peer-to-peer bitcoin exchange LocalBitcoins will extend its know-your-customer/anti-money laundering (KYC/AML) requirements and, as a consequence, limit user ability to retain privacy. According to an official blog post published on June 18, 2019, the exchange has teamed up with identity verification technology provider Onfido, and a new account tier system will…

Bitcoin IRA, Kingdom Trust and BitGo Enter Legal Battle

DigitalIRA.com (Digital IRA) and its affiliate Alternative IRA Services (Bitcoin IRA) have filed a legal action against the companies’ contracted cryptocurrency custodian, The Kingdom Trust Company (Kingdom Trust), for allegedly obstructing Digital IRA clients from transferring their retirement accounts to competitor BitGo Trust. The filing comes a few days after Kingdom Trust filed its own…

Will Binance’s Accelerator Program Help Bitcoin?

Leading cryptocurrency exchange Binance has formally introduced its accelerator program for blockchain and cryptocurrency development. The exchange announced the launch of Binance X, a project that is designed to provide blockchain developers with some of the resources needed to power their work. The program includes educational direction as well as tools and channels for online…