Vanbex Labs Sells Two Products to Hyperion Amid Fraud Investigation

  Securities and cryptocurrency exchange Hyperion Technologies acquired two products developed by blockchain consulting firm Vanbex Labs, which is currently under investigation in British Columbia. Vanbex announced in a post published on its blog on Sept. 4 that Hyperion had acquired Vanbex’s blockchain solutions Rocket and CryptoTaxes.  The Forfeiture Office alleges that Vanbex and its partner Etherparty carried out their $22 million ICO FUEL token with the sole intention of pocketing the money. Canadian police froze Vanbex’s assets, as Cointelegraph reported at the beginning of April.  Scam allegations According to…

Blockchain Interoperability, Explained | Cointelegraph

4. There are different methods: cross-chains, sidechains, proxy tokens, swaps, etc. Interconnecting existing blockchains is no easy task. As per ConsenSys’ research on the topic, “commercialization promotes competition and innovation, incentivizing developers and entrepreneurs to build systems that work best for their customers.” As a result, open-source interoperability gets overlooked, and most blockchains have no built-in features that would support it. However, a number of blockchains projects have focused on interoperability, employing different approaches. Here are some examples: Polkadot Polkadot is a multichain, or cross-chain, technology. Basically, it allows different…

Crypto Phone to be Launched by Samsung

Around a year ago, the notion of a crypto phone would have seemed like something out of a futuristic blog post, but it seems that this is no longer the case. If there is one thing that cannot be denied with regards to cryptocurrencies is that they are here to stay, and the world is now sitting up and taking notice. Last year, banking giant JP Morgan (NYSE:JPM) issued its own cryptocurrency, and more and more giant corporations are now getting into the market in a big way. In a new…

3-Day Japan Bitcoin Cash Survival Challenge

Among cryptocurrency enthusiasts, Tokyo is often mentioned as one of the most crypto-friendly cities in the world. Recently, it has especially become known for Bitcoin Cash (BCH) adoption, which is a cryptocurrency that has the characteristics of the original Bitcoin (BTC), as intended by the mysterious creator Satoshi Nakamoto. Bitcoin Cash is meant to be used as cash for daily transactions, while Bitcoin (BTC) is not as useful as before with its high transaction fees, etc. Also read: 5 Key Concepts from Day One at Bitcoin Cash City Three Days…

Bitcoin Price Teeters at $10,500

The bitcoin price is teetering around the $10,500 level following a spectacular rally. Here’s where crypto traders say BTC will head next. | Source: Shutterstock The bitcoin price has stabilized around $10,500 following a spectacular 13 percent rally. As BTC continues to hover around this critical level, here’s where crypto traders believe the dominant asset is headed next. Earlier this week, technical analyst DonAlt revealed that the $10,800 mark has acted as a deafening level of resistance for bitcoin since early July. Consequently, BTC’s performance in the next several days…

Paxos Launches PAX Gold, Regulated and Redeemable for Physical Gold

Stablecoin operator Paxos launched PAX Gold (PAXG), a gold-backed Ethereum (ETH) token. Paxos announced the launch of the product above in a press release published on Sept. 5, claiming that it is “the first crypto-asset redeemable for physical gold.” Furthermore, the New York State Department of Financial Services (NYDFS) put forward their approval of the issuance in an official statement, defining it “first gold-backed virtual currency in New York state.” Per the report, each PAXG token will be backed by one fine troy ounce of London Good Delivery gold stored…

Off-Exchange or OTC Crypto Trades Now Available on Gemini Clearing

The Winklevoss brothers-led Gemini crypto exchange has introduced its new clearing and settlement product Gemini Clearing. No OTC desk on Gemini Gemini announced the new clearing and settlement solution in a blog post on Sept. 5, explaining that the Gemini Clearing allows traders to negotiate off-exchange or over-the-counter (OTC) crypto trades using Gemini accounts. Gemini Clearing is a fully digital platform providing regulated clearing and settlement services for pre-arranged off-exchange or OTC trades, which intends to reduce counterparty risk as well as ensure immediate settlements. The post clarifies that the…

Emergent Coding, Adoption Incentives and Practical Use – Bitcoin Cash City, Day 2

The Bitcoin Cash City conference in North Queensland has just wrapped up, and participants are now unwinding after two consecutive days of presentations, product demos, free gifts, and plenty of food. Tomorrow, September 6, there will be a special workshop for developers, and then the conference proper will end and it’s on to next year’s plans. Day two presented attendees with a smorgasbord of info: tax advice, practical business solutions, onboarding tips, introductions to emergent coding and more. Also Read: 5 Key Concepts from Day One at Bitcoin Cash City…

Emergent Coding, Adoption Incentives and Practical Use – Bitcoin Cash City, Day 2

The Bitcoin Cash City conference in North Queensland has just wrapped up, and participants are now unwinding after two consecutive days of presentations, product demos, free gifts, and plenty of food. Tomorrow, September 6, there will be a special workshop for developers, and then the conference proper will end and it’s on to next year’s plans. Day two presented attendees with a smorgasbord of info: tax advice, practical business solutions, onboarding tips, introductions to emergent coding and more. Also Read: 5 Key Concepts from Day One at Bitcoin Cash City…

Why $180 ETH Is Now Critical for the Bulls

Trading Ether (ETH) is rarely easy, particularly when bad news surrounding one of the most popular cryptocurrencies isn’t offering any reprieve for enthusiasts.  But it’s often a good idea to remind ourselves what the chart says before reacting emotionally to the news. Moreover, successful traders would argue that the best time to buy is when others start panic selling.  The longer-term perspective for Ethereum ETH/USD 12-hour chart. Source: Tradingview For example, the left-hand side of the chart shows the doldrums of the year-long bear market. In retrospect, this was one…