Monthly Archives: September 2019

Startup Tests New Ethereum Sidechain Following Coinbase Investment

Offchain Labs, an enterprise-focused blockchain startup, has launched an Alpha version of its Ethereum scaling solution with new investment from Coinbase. Following investment from Coinbase Ventures, Offchain Labs has opened up the Alpha version of its Ethereum (ETH) scaling solution, dubbed Arbitrum. Enterprise-focused blockchain startup Offchain Labs said that their solution will enable processing speed of more than 500 transactions per second for Ethereum applications, industry-focused news outlet Crypto Briefing reported on Sept. 5. Arbitrum has reportedly secured new investment from Coinbase Ventures, the investment arm of […]

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Crypto Giant Binance Launches Token Airdrop Following JEX Acquisition

Major crypto exchange Binance plans to begin a token airdrop as part of their recent acquisition of crypto-asset trading platform JEX. Major cryptocurrency exchange Binance plans to launch a token airdrop as part of the company’s acquisition of JEX, a crypto-asset trading platform. In a Sept. 5 announcement, Binance again revealed the acquisition of JEX, which will now operate under the name Binance JEX as an independent team within the Binance ecosystem. Following the acquisition, Binance is going to convert ERC-20 JEX tokens into native Binance Chain-based […]

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Co-founder of LinkedIn Presents Crypto Rap Video: Hamilton vs. Satoshi

LinkedIn co-founder Reid Hoffman teamed up with Youtubers to release a battle rap between Alexander Hamilton and Satoshi Nakamoto. Reid Hoffman, co-founder of LinkedIn, decided to let Alexander Hamilton, one of the founding fathers of the United States, face-off against Bitcoin (BTC) creator Satoshi Nakamoto in an epic crypto-rap-battle video. Cryptocurrency debate between actor-rappers playing Hamilton and Satoshi On Sept. 5, Hoffman released a new hip-hop rap battle video which shows Alexander Hamilton, the founder of the United States financial system and central bank, fighting in rap-battle-style […]

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Paxful Joins Forces With CoinLogiq to Bring Crypto ATMs to Columbia and Peru

Global peer-to-peer Bitcoin marketplace Paxful and Colombia-based blockchain company Coinlogiq, will bring 45 new crypto ATMs to Colombia and Peru. The global peer-to-peer Bitcoin (BTC) marketplace, Paxful, and Medellin-based blockchain company, CoinLogiq, are joining forces to bring 20 new crypto ATMs to Colombia and, later, 25 to Peru. Colombians will have access to 20 new ATMs In a press release shared with Cointelegraph on Sept. 5, Paxful announced that it is joining forces with CoinLogiq to bring 20 new ATMs to several points of interest to the […]

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Capital Controls in Argentina Demonstrate Dangers of Government-Controlled Money

The current financial system, with governments and central banks controlling the flow of money, creates impediments for people’s economic freedom. Among them is the danger that the ruling class will try to hide its mismanagement of the country’s affairs by preventing people from voting with their wallets and trying to secure their savings on safer shores. The latest example of this comes from Argentina where capital controls are now back in effect. Also Read: Argentina’s Peso Collapse Shows Governments Shouldn’t Control Money Just An(other) Emergency Measure President […]

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Bitcoin Price Corrects While Gold Sees Worst Daily Drop in 2.5 Years

After failing to break $10,800, Bitcoin continues to see red, while gold sees the worst daily percentage drop in over 2.5 years. Thursday, Sept. 5 — after failing to break $10,800 price point, Bitcoin continued to hover around $10,500, while most of the top 20 coins saw major losses. Market visualization | Source: Coin360 After hitting an intraday high of $10,761, Bitcoin has seen a notable decline and continued fluctuating around $10,500 for most of the day. At press time, Bitcoin is trading at  $10,528, down around […]

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Crypto Insurance Market to Grow, Lloyd’s of London and Aon to Lead

The cryptocurrency insurance market is expected to outpace cybersecurity insurance, with giants like Lloyd’s of London and Aon among potential major players. The cryptocurrency insurance market is expected to grow at a faster rate if United States regulators provide more regulatory clarity, according to industry experts. As Forbes reported on Sept. 5, CEO of San Francisco-based cybersecurity agency Coalition, Joshua Motta suggested that the market for digital currency insurance is now worth between $200 million and $500 million in premium revenue. He expects the market to outpace […]

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Vanbex Labs Sells Two Products to Hyperion Amid Fraud Investigation

Vanbex sells Rocket and CryptoTaxes to crypto exchange Hyperion Technologies amid ongoing investigation into alleged fraud during ICO. 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 the FUEL token ICO with the sole intention of pocketing the […]

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Blockchain Interoperability, Explained

A guide to blockchain interoperability — one of the main hurdles in the way of mass adoption of the technology and the ways it could be overcome. Are blockchain interoperable now? The short answer is no. Not yet, at least. Cryptocurrency exchanges are still a strong medium for interoperability in the crypto space. If someone needs to swap 10 ETH for BTC, he or she will most likely end up on a centralized trading platform. Currently, it is the most popular — and a relatively convenient — […]

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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 […]

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