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19-Year Old Suspect Charged With $1 Million Crypto Heist via SIM-Swaps

News A 19-year old man has been indicted for identity theft as part of an alleged $1+ million cryptocurrency heist affecting at least 75 victims in the United States. A news release published on Dec. 18 by Manhattan District Attorney Cyrus R. Vance alleged that Yousef Selassie, 19, conducted a co..

CULedger Pilots Blockchain Identity Solution With Three US Credit Unions

News CULedger, a blockchain consortium and credit union service organization, has successfully completed a pilot project together with three American credit unions. Fintech Futures reported on Dec. 16 that the pilot focused on implementing CULedger’s blockchain identity platform in the call cente..

Department of Homeland Security Awards $200K to Develop Blockchain Security Tech

News The United States Department of Homeland Security (DHS) has awarded Virginia-based Digital Bazaar $199,984 to develop its blockchain security technology, according to a press release, Nov. 14. The Department’s Science and Technology Directorate (S&T) made the Phase 1 award, as it explores blo..

Azerbaijan to Adopt Blockchain-Based ID System in 2020

News The Republic of Azerbaijan is planning to complete a project of blockchain-based digital identification system by the end of 2019. Farid Osmanov, director of the information technology department at the Central Bank of Azerbaijan (CBA), says that the new system will be adopted in the first qu..

BMW, General Motors, Ford to Start Testing Blockchain Payments in Cars

News Five major automakers — BMW, General Motors, Ford, Renault and Honda — will start testing a blockchain car identification and payment system next month in the United States. Automakers envision self-paying cars, digital IDsNikkei Asian Review reported on Oct. 14 that the partnership aims to t..

Overstock’s VC Arm Puts $2M Into Blockchain-Based ID Systems Startup

News Overstock’s venture capital arm Medici Ventures has made a $2 million investment into Salt Lake City-based Evernym, a startup that develops blockchain-based self-sovereign identity networks. Per a Sept. 26 press release, Medici invested $2 million into Evernym through participation in the com..

Got ID? New Projects Explore Blockchain Identity Systems

Analysis The rapid onset of technological advancement is not evenly spread. Society is increasingly becoming digitally literate and uses emerging technology for work, to communicate and pay for things in ways unimaginable just 15 years ago. So, why are methods of governance largely unchanged since..

Catalonia Announces a Decentralized ID System the Gov’t Won’t Control

News The Catalan government announced IdentiCAT, a decentralized identity system. President Quim Torra and Minister of Digital Policies and Administration Jordi Puigneró announced the project on Saturday, local media outlet VilaWeb reported on Sept. 7. Notably, the government says it will not have..

Sierra Leone Aims to Finish National Blockchain ID System in Late 2019

News The government of Sierra Leone plans to fully adopt a blockchain-enabled national identity system by the end of 2019. United Nations involvedPresident of Sierra Leone Julius Maada Bio reportedly claimed that the new infrastructure will allow financial institutions to verify identities and bui..

New Blockchain-Based Smart City Project Planned for Cambodian Capital

News A Singaporean startup, Limestone Network, is using blockchain to sustain a smart neighbourhood at the heart of the Cambodian capital. As Tech in Asia reports on August 14, the 100-hectare mixed-use development in Phnom Penh encompasses residential properties, offices, retail centers, schools ..

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