Hasta La Gadget!

While the Bitcoin market is advancing toward legitimacy in the financial world, that also means closer legal scrutiny — and the Mt. Gox exchange is tightening its policies to match. As of today, the institution requires verification for every non-Bitcoin deposit or withdrawal. The move keeps Mt. Gox in line with “strict anti-money laundering rules,” and it reduces the chances that security breaches will spark chaos. Verification won’t be necessary for pure Bitcoin transactions, the exchange says. Some traders see the new rule spoiling dreams of a truly borderless currency, but it may help reassure those still skittish about virtual cash.

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Via: CNBC

Source: Mt. Gox

Twitter just boosted its security with a new two-factor login method. The new option, which was announced in the form of a YouTube video, oddly enough, allows users to require a verification code each time they log in. Once this is enabled, Twitter will send a code to your phone each time you log in from the website or third-party apps. You’ll need to type in that temporary code to access your account. It’s a process many of us are already familiar with — online banking, corporate intranet sites and services like Evernote offer similar two-factor authentication options to their users. It’s not clear when the new feature will roll out (it hasn’t hit our account just yet), but once it’s available, setup appears to be straightforward. You can see how it works in the video just past the break.

Filed under: Internet

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Source: Twitter (YouTube)

Losing the totality of your digital life can be a mind-boggling experience, which is one of the reasons that I immediately turned on 2-step verification when Google made it available for Google/Gmail accounts. Dropbox finally followed suit and I’m expecting others like PayPal and Amazon to follow as well.

Why should you enable it? If you are using Dropbox to archive some files and your hard drive gets toasted, then it makes sense to protect them as much as possible. 2-step verification means that you add your mobile number to the site, and each time you log into your Dropbox with a new device, you’ll be sent a text message with a verification code that you’ll need to enter so that you can login.

It’s a smart idea to enable this because it’s improbable that your accounts and your mobile phone will be compromised at the same time.

[via Dropbox]