Coinbase ‘Should Stand Up for its Users’ With Transparency Reports: Electronic Frontier Foundation

2020-9-3 17:05

San Francisco-based Electronic Frontier Foundation, an international non-profit digital rights group, has called out Coinbase for not issuing transparency reports, saying it is past time that the US-based cryptocurrency exchange does that.

Applauding Coinbase competitor Kraken for publicly releasing information on global law enforcement requests it receives, EFF said crypto companies need to be open with customers because courts do not side with consumer privacy. The non-profit group is,

“increasingly concerned that payment processors are being asked to turn over information on their customers, without any mechanism for the public to know who is making those requests, or how often.”

Financial data, among the most sensitive types of information, can be turned over with a subpoena and doesn’t require a review from the judge before being sent to the service provider.

“Choosing to comply with or reject a government request for this user data—or choosing to shut down an account—can have a huge impact on what types of speech can thrive online.”

Transparency reports are important tools for accountability, and crypto exchanges should understand the importance of privacy of financial information because their users prize crypto’s anonymity and inherent resistance to censorship.

By providing the public with data on how often law enforcement seeks user data and how often services comply, it can be known whether companies like Coinbase are living up to their promises to protect user privacy and further provide details on government surveillance activities. It said,

“Coinbase wields tremendous power and influence over this dynamic. It should stand up for its users and also use its market power and influence to show others that transparency reports are an industry standard for all cryptocurrency exchanges.”

The post Coinbase 'Should Stand Up for its Users' With Transparency Reports: Electronic Frontier Foundation first appeared on BitcoinExchangeGuide.

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reports transparency → Результатов: 49


Фото:

EVRYTHNG, Arianee Join Forces to Trace Luxury Goods with Blockchain

EVRYTHNG, a company that claims to foster supply chain transparency using Internet of things (IoT), is partnering with Arianee, a distributed ledger technology  (DLT) project that’s focused on building perpetual relationships between brands and product owners, to track and prove the authenticity of luxury goods with blockchain technology, reports Ledger Insights on June 17, 2020.

2020-6-19 22:00


Фото:

VeChain (VET) Partners U.S. Startup to Verify Authenticity of 200K KN95 Masks

Real Items, an online marketplace focused on promoting supply chain transparency and consumer protection with VeChain’s (VET) blockchain technology, has announced that it is collaborating with Tricol Group, makers of protective masks, to integrate VeChain NFT into over 200,000 KN95 masks to enable buyers to prove its origin and authenticity, according to reports on AprilRead MoreRead More.

2020-4-9 19:00


Ripple Critic Compliments its “Impressive Tech” & XRP Seeing “Real Traction”

Messari founder Ryan Selkis says Ripple has built “one of the more impressive tech stacks” Ripple is the “Jekyll and Hyde of crypto” that is doing great work and a phenomenal team while coming up with transparency reports that obfuscate things Ryan Selkis doesn’t hate Ripple or XRP, clarified the Messari Founder in his latest […]

2020-2-2 23:15


Фото:

Why the Recent Developments in South Korea and the Swelling tide of Regulation Could be not so bad for the Crypto Industry 

The coming calendar change has regulators rethinking how they stand in relation to cryptocurrency moving forward. Reports out of South Korea have lawmakers in the country drafting up bills for legislature that would levy taxes on capital gains earned with crypto and increase the transparency of the virtual asset market.

2019-12-17 12:00


Фото:

Russia wants to boost transparency with blockchain – are you kidding me?

Russia, ruled by Vladimir Putin‘s arguably authoritarian regime, wants to leverage blockchain technology to host Moscow‘s administrative services and boost transparency. Essentially, the government is looking for a contractor to build an Ethereum-based system to host the issuance of property ownership documents, the allocation of slots at farmer markets, and wait for it: a voting platform which enables Moscow residents to have their say on matters such as locations for new bike paths, street decoration, and city events, CoinDesk reports.

2019-8-15 15:03


Quantstamp Releases Decentralized Security Protocol with Staking and Improved Transparency

Quantstamp, a Y-Combinator backed blockchain security company, has just released the Quantstamp Security Network V2. This new release, available at protocol. quantstamp. com, features a decentralized design using staking, improved security analysis, has open-sourced code, and stores security reports completely on the blockchain for transparency.

2019-6-22 18:46


Raising the Bar: Reporting on Volume and Sales of XRP

In recent months, several third-party sources have called into question reported volume in digital asset markets. The recent SEC report from Bitwise is perhaps the most widely cited, but several others, including the Blockchain Transparency Institute and Data Accountability & Transparency Alliance (DATA), have also issued reports suggesting exaggerated numbers and overall inaccuracy in the … Continued The post Raising the Bar: Reporting on Volume and Sales of XRP appeared first on Ripple.

2019-6-20 22:02


Фото:

Walmart Joins Blockchain Consortium MediLedger to Track Pharmaceuticals

In a bid to bring more transparency to the supply chain of pharmaceutical goods, retail giant Walmart has joined blockchain consortium MediLedger, Coindesk reports, June 3, 2019. Tracking Pharmaceutical Goods with Blockchain Although blockchain technology is making encouraging inroads across myriads of industries, its utility in the supply chain management space is especially fascinating.

2019-6-3 19:00


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Malaysian Stock Exchange to Deploy Blockchain in Securities Borrowing and Lending Market

Kuala Lumpur-based stock exchange, Bursa Malaysia is mulling developing a blockchain-based securities borrowing and lending (SBL) proof-of-concept, reports Regulation Asia, May 7, 2019. The First of Its Kind Proof-of-Concept in South-East Asia In an attempt to imbibe a greater degree of transparency and efficiency in the Malaysian SBL market, the country’s stock exchange Bursa MalaysiaRead MoreRead More.

2019-5-9 11:00


CoinMarketCap Admits Reports on Fake Exchange Volume Valid, Adds Data Transparency Features

CoinMarketCap, the leading cryptocurrency market data aggregator, has responded to the report recently published by Bitwise which showed evidence of fake volume reported from exchanges. The aggregator confirmed the concerns raised in the report are “valid” and has announced plans to integrate new features into the website that would help bring more transparency and accuracy.

2019-3-28 12:50


Фото:

Accenture, Mastercard, Amazon Web Services Partner for Farming and Supply Chain Sustainability

Accenture, a global professional services company in collaboration with Mastercard, Everledger, Amazon Web Services, and Mercy Corps has introduced a “circular supply chain capability” to enable consumers to reward small scale producers and bring about transparency along the supply chain, reports Newsroom on on February 25.

2019-2-28 17:00


Binance announces the launch of new analysis division

On November 8, a crypto exchange Binance announced the official launch of new analysis division, Binance Research. “Binance Research is a new pillar of the Binance ecosystem, focused on the creation of institutional-grade research reports with the aim of increasing transparency and improving the quality of information available within the crypto space”, – reads the […]

2018-11-9 09:29


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Universal cryptocurrency wallet Infinito Wallet integrates Coinfirm AML Platform and allows users to check risk rating of counterparties

LONDON: Thursday 11th September 2018 In an industry first, Infinito Wallet app users can now check the risk of addresses and generate a risk reports before transactions Coinfirm’s AML verification technology on top of Infinito Wallet’s existing infrastructure will heighten security and transparency This is another milestone of cooperation between both companies announced in August […] The post Universal cryptocurrency wallet Infinito Wallet integrates Coinfirm AML Platform and allows users to check risk rating of counterparties appeared first on Ethereum World News.

2018-10-3 11:40