Google’s new 2FA authenticator update could leave users vulnerable to hacks. Google released an update for its popular authenticator app that stores a “one-time code” in cloud storage, allowing users who have lost the device with their authenticator on it to retain access to their two-factor authentication (2FA). In an April 24 blog post announcing…
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ICP-powered ORIGYN is leveraging blockchain and biometric technology to tackle the issue of counterfeit watches. ORIGYN, a Swiss foundation that uses artificial intelligence (AI) to identify and authenticate objects of value, has partnered with luxury watch marketplace WatchBox. The pair will co-produce certificates of authenticity in the form of NFTs that enable customers to trade the…
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Cryptocurrency exchange Bitfinex launches a new authentication standard for online payments service Bitfinex Pay. In an effort to increase customers’ security and privacy on its platform, cryptocurrency exchange Bitfinex has announced the adoption of open authentication standard universal second factor (U2F) within its merchant payments service, Bitfinex Pay. The move enables the capacity for online…
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Designed in collaboration with British influencer Zuby, each piece is linked to the VeChain blockchain for “Proof of authenticity”. On Friday, the online retail store Bitcoin Movement (BTCMVMNT), launched a limited edition streetwear line featuring a blockchain-backed system of “Proof of authenticity.” The 300-item collection, which was designed with input from British entrepreneur and rapper…
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Fujitsu has been working on blockchain-based digital identity tools since 2019. Major financial institutions in Japan are moving into blockchain to streamline digital identity systems. Japan’s third-largest bank, Mizuho Bank, and local payment giant JCB are preparing to pilot a digital identity interoperability system based on blockchain technology. The new system will utilize a blockchain…
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A London-based blockchain startup Mattereum’s Asset Passport goes live on Ethereum mainnet. Its goal is to provide authentication services for collectible items in order to combat counterfeits and provide investors with fractional investment opportunities. Matterum’s platform for authenticating collectible items is now live, and it’s already processed several $10,000 William Shatner figurines. According to its…
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