One of the most worrying aspects of the BitLicense regulatory framework is the exodus of Bitcoin companies in the New York State area. Over the past few weeks, it has become quite clear that companies deciding to be compliant with BitLicense might face some serious backlash from its users. For those of you who are wondering which companies are actively pursuing a BitLicense, the following short list will give you an idea.
Bitcoin platforms around the world are constantly monitoring their security implementations, and they are forced to adapt where necessary. The traditional “username and password” combination is far from secure, and most services will allow you to set up two-factor authentication as an additional layer of security. BitQuick, on the other hand, has integrated Clef 2FA into their platform, which also removes the “password” part from the equation.
Clef 2FA – Eliminating Passwords
When it comes to using any online service, the more traditional way of accessing your account occurs through entering a username and password. Even though you can generate fairly secure passwords these days – by using tools such as LastPass – it is not the most secure solution to protect customer data.