Seven major crypto companies — Binance.US, Circle, Solana Foundation, The Aave Companies, Hedera, TRM Labs and Civic — joined hands to launch a community-driven scam reporting tool. Named Chainabuse, the tool aims to enable crypto users to issue warnings and discuss ongoing fraudulent activity such as scams and hacks in real-time. Launched on Wednesday, the Chainabuse platform aims to counter the ongoing scams plaguing the crypto ecosystem. On May 4, Cointelegraph warned the community about the rise in Ape-themed airdrop phishing scams. Chainabuse serves as a one-stop-shop platform for crypto users, victims of financial crimes and crypto businesses to actively …

Identity verification tech firm Civic Technologies has launched a free tool to combat botting activity in Solana (SOL)-based NFT drops. According to a Nov. 8 announcement, Civic’s new tool “Ignite Pass” will filter out bots by requiring buyers to complete a liveness verification before being approved to make NFT purchases. Civic’s website notes that users will be required to take a video selfie in order to verify, with an Ignite Pass then being issued to their wallet address upon completion. The pass also remains active for 24 hours to “limit the options of malicious botters verifying multiple wallets. ” The …

Seven crypto companies have been targeted by 11 lawsuits that were filed in a New York federal court on April 3. The suits were filed by Roche Freedman — the same law firm representing the estate of the late Dave Kleiman in the ongoing dispute with self-proclaimed Satoshi Nakamoto, Craig Wright. Eleven lawsuits target seven crypto companies The eleven putative class action suits name dozens of parties including cryptocurrency exchanges Binance, KuCoin, BiBox, and BitMEX and parent company HDR Global Trading Limited, and alleged crypto issuers Block.one, Quantstamp, KayDex, Civic, BProtocol, Status, and the Tron Foundation. Many of the company’s …

Civic Wallet is a multi-signature non-custodial wallet that now comes with a $1,000,000 guarantee from Coincover. Civic Technologies (CVC) has been known in the crypto space as one of the leading providers of decentralized identity and is now purportedly the first company to offer a non-custodial wallet with $1,000,000 protection. The wallet is currently in private beta. Speaking to Cointelegraph, Civic co-founder and CEO, Vinny Lingham compared its key feature to the protection offered by the Federal Deposit Insurance Corporation (FDIC): “This is the first time that both technical and non-technical users can feel safe about their holdings. Until now, …

Global debt has surpassed $250 trillion. That’s 320% of gross domestic product, announced the Institute of International Finance on Nov. 14. Emerging market debt also hit a record $71.4 trillion, 220% of GDP. This has set off alarm bells. After all, the projected year-end amount of $255 trillion is equal to $32,500 for each person on the planet, or $12.1 million per Bitcoin (BTC), as Cointelegraph reported. But, as mind-boggling as it may appear, is this total debt really so bad? Debt, after all, can stimulate growth, enabling a country to build roads, bridges, canals and universities, as well as …

Decentralized identity startup Civic and blockchain security firm BitGo plan to launch a new wallet using BitGo’s multisig technology in Q4 2019. In a press release shared with Cointelegraph on July 23, the two firms revealed that the forthcoming Civic Wallet will host hold both cryptocurrency and identity data on mobile devices. Control and security over funds and personal data In the press release, Vinny Lingham, co-founder and CEO of Civic said that “we’re building a new financial and identity ecosystem.” Lingham further expressed enthusiasm for lowering the barrier to entry into the blockchain sphere for consumers. Using BitGo’s multisig …

Vinny Lingham, CEO of blockchain identity platform Civic, has revised down his short-term Bitcoin (BTC) price prediction on Jan. 11, telling financial news network Cheddar that the cryptocurrency could fall below $3,000. In an interview, Lingham, who had previously forecast BTC/USD to trade between $3,000 and $6,000 in the coming months, said the market would either “breakout or breakdown.” “The reality is it’ll probably trade sideways between $3,000 and $5,000 for another month or two while it’s trying to find which way to go,” he said, adding: “When it finds that direction, there’ll be a breakout or a breakdown.” Lingham …

Disclaimer: This article has been corrected. Previously it stated that Identity.com was based on the Ethereum blockchain, when in fact its smart contracts are based on Ethereum. The platform is not tied to one specific chain. Blockchain startup Civic has appointed Apple veteran Phillip Shoemaker as executive director of Identity.com, its decentralized identity platform. The news was announced in a press release on Dec. 13. Blockchain startup Civic has appointed Apple veteran Phillip Shoemaker as executive director of Identity.com, its Ethereum (ETH) blockchain-based, decentralized identity platform. The news was announced in a press release published Dec. 13. Identity.com is Civic’s …

Blockhain entrepreneur and industry advisor Vinny Lingham told Cointelegraph in an interview Oct. 21 that cryptocurrency prices will surge again, but it will take some time. Speaking with CT during the Money20/20 conference Sunday, Lingham – also the CEO of Blockchain identity startup Civic – stated that cryptocurrency markets need time to regain previous volumes, arguing that the market’s priorities have shifted: “Now the world is waiting for utility, when people will actually start to use the cryptocurrencies.” Lingham also said that governments globally are poised to push back against Bitcoin (BTC), as “it threatens their ability to make money.” …

Leveraging the power of ICOs is a habit of brand-new startups, or even just projects - but the phenomenon is turning into something bigger. The ability of small groups - in fact anyone - to now issue a digital token and potentially make millions of dollars is a mixed blessing for the Blockchain industry. While the average entrepreneur now has more power than was imaginable even two years ago, ease of access to funds in a nascent industry has led to major concerns. Full-on ICOs, empty promises Well-known investment figures, both in Blockchain and beyond, have released formal warnings to …

Online guide platform wikiHow and the Blockchain startup Civic are partnering up in their bid to bolster users’ login security. Under the collaboration, users of wikiHow will be able to swap out their old login methods for Civic’s mobile application (app). wikiHow offers various guides and how-to articles on different subjects. The website was founded by Internet entrepreneur Jack Herrick in 2005. According to Civic, wikiHow users who use its app can avoid the pitfalls of handling passwords and usernames that are vulnerable to cyber theft. "The simple, quick process verifies Personally Identifiable Information (PII) to ensure ownership of the …

Vinny Lingham’s Civic (CVC) token has exploded in price after it began trading on the cryptocurrency exchange BTER. Twitter reports relay how after just two hours of BTER trading, CVC shot up over 70 percent to reach highs of $0.37. Trade volumes were also high, with over 2,300 BTC worth changing hands across all CVC exchanges tracked by Coinmarketcap. $CVC (@civickey) has left the building! Looking very strong on almost 1,000 BTC volume in the past 24 hours... pic.twitter.com/HDzWU6eLuu — Woodrow Levin (@WoodyLevin) August 10, 2017 BTER is specifically offering CVC/CNY pairs, demonstrating Chinese investor appetite for access to ICO …