📰 Table Of Contents
Crypto News Digest – February 19, 2024
Get the latest updates on blockchain and cryptocurrency news that often go unnoticed in mainstream media.
Canada’s EQ Bank Partners with Trulioo for Biometric Identity Verification
EQ Bank, a leading digital platform of Canada’s challenger bank and a wholly owned subsidiary of EQB Inc., has teamed up with Trulioo, an identity platform, to streamline customer and business onboarding processes. The partnership aims to provide a seamless and secure onboarding experience for customers.
Key Highlights
- EQ Bank chose Trulioo Identity Document Verification, Workflow Studio, and Business Verification to streamline customer and business onboarding.
- Trulioo Identity Document Verification features advanced AI checks, face comparison, and liveness detection to ensure secure identity verification.
- Trulioo Workflow Studio, a no-code, drag-and-drop workflow builder, allows for fast and flexible integration of Identity Document Verification.
- The partnership aims to meet regulatory requirements while providing best-in-class customer onboarding experiences.
New Security Database Tracks Million Dollar Hacks
ChainLight, a blockchain security expert, has introduced a new database, Lumos, that enables users to access information about Web3 hacks, promoting greater transparency and due diligence in the Web3 space. This initiative aims to create a safer and more mature environment for Web3 projects and communities.
Key Features of Lumos Database
- Access to historical data on Web3 hacks, including hacked amount, date, attack vector, and more.
- Pre-incident and post-mortem release details for each hack.
- Information on community compensation and stolen fund destination.
Spot Volumes Rise for the Fourth Consecutive Month
According to the latest report by on-chain analytics firm CCData, spot trading volumes on centralized exchanges saw a 4.45% increase in January, reaching $1.40 trillion. The rise in spot volumes is attributed to the approval of spot Bitcoin ETFs in the US and signals a continued uptrend in the cryptocurrency market.
Binance remains the largest spot trading exchange, recording a market share of 31.3%.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
