OKCoin’s Fiat-to-Token Trading Now Available in 7 More US States

San Francisco-based cryptocurrency exchange OKCoin will now offer fiat-to-token and token-to-token trading services to residents of seven more US states. OKCoin expands services in the United States of America On Sept. 5, OKCoin, one of the top cryptocurrency exchanges by adjusted volume, announced that its trading services are now available in 7 new US states: Arkansas, Iowa, Kentucky, Mississippi, Pennsylvania, Utah and Wisconsin, which are added to an already extensive list of areas of operation in the US. Expanding into Europe Cointelegraph reported in early June that OKCoin had decided…

Startup Tests New Ethereum Sidechain Following Coinbase Investment

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 major American cryptocurrency exchange Coinbase. Faster than Ethereum Deploying Arbitrum, developers can build smart contracts on Ethereum’s Solidity code. However, unlike regular Ethereum decentralized…

Crypto Giant Binance Launches Token Airdrop Following JEX Acquisition

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 BNB (BEP2) ones. Distribution of 200 million tokens Binance will then distribute all 200 million unlocked JEX team tokens to all BNB holders on…

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

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 for the merits of centralized currencies against the mysterious Bitcoin creator Satoshi Nakamoto. Hoffman said that he was inspired by watching the…

Paxful Joins Forces With CoinLogiq to Bring Crypto ATMs to Columbia 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 main Colombian cities such as Bogota and Medellín. The partnership between the two companies will reportedly encourage people to withdraw digital currencies in…

Bitcoin Price Corrects While Gold Sees Worst Daily Drop in 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 1% over the past 24 hours at press time. Still, Bitcoin is up more than 10% over the past 7 days as, according to some,…

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

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 the current 20% to 25% expansion rate of the cybersecurity insurance sector. Lloyd’s of London, the world’s leading insurance market providing specialist insurance services to…

Leading Technical Analysis Expert Predicts a Bitcoin Shakeout Before Rally – CCN Markets

The Fear and Greed Index suggests that crypto investors are feaful. In addition, a top analyst believes bitcoin has more downside risk before skyrocketing. | Source: Shutterstock Over the last few weeks, bitcoin has been struggling to stay above $10,000. The bullish steam that pushed the dominant crypto to $13,880 is fading away. Armchair traders are quick to notice the coin’s growing weakness. A pseudonymous trader named Escobar has closed short-term long positions. While doing so, the analyst is also maintaining shorts above $12,000. #Bitcoin 1D TF- Closing short term…

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…

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…