Blockchain
Vanbex, A Cryptocurrency and Blockchain Consultancy Firm, Files Lawsuit Against Former Consultant for Defamation and False Statements given to the Vancouver Police and RCMP
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Vanbex, a cryptocurrency and blockchain technology company, has filed a libel suit against a former contract consultant who worked briefly for them. The law suit alleges that Mr. Kip Warner published and made false and defamatory statements to an associate of his in the Vancouver Police Department as well as the RCMP maliciously knowing that they were false or, alternatively, with reckless indifference to whether they were true or false, and for the main purpose of harming Kevin Hobbs, Lisa Cheng, and their company Vanbex.
The suit also alleges that Mr. Warner is a known 9-11 conspiracy theorist (see for example https://nationalpost.com/news/canadian-9-11-conspiracy-theorists-sue-google-over-secret-phone-tracking) and encouraged the Vancouver Police Department and the RCMP to investigate Vanbex. Warner knew the information he gave them was false and misleading. The suit further alleges that based on false information provided and perpetuated by Mr. Warner, the British Columbia Director of Civil Forfeiture filed a claim against Vanbex. Hobbs and Cheng have vigorously denied the Director’s allegations.
In part, due to these false allegations the Vancouver Sun also wrote an article with the headline calling the company a “scam” which wrongly caused harm to the reputations of Kevin Hobbs, Lisa Cheng and their company Vanbex. https://vancouversun.com/business/local-business/civil-forfeiture-office-seeks-assets-linked-to-alleged-30-million-cryptocurrency-scam
The company would like to issue the following comments:
- Vanbex is far from a shell company. We are a legitimate consulting and development business in the cryptocurrency field – which is completely legal.
- Vanbex has over 26 staff and a very substantial payroll to match.
- We were never aware of any RCMP or CRA investigation until we saw the notice of civil claim in late March.
- We never liquidated any assets to “avoid” any investigation. All of our assets were purchased with funds that were lawfully ours to use.
- We have never misappropriated funds.
- No company funds were ever used for gambling purposes.
- None of our assets are the proceeds, or instruments of any unlawful activity.
- FUEL tokens are a necessary and important part of our business model and a real form of currency.
- The RCMP and the Canada Revenue Agency never contacted us or we would have immediately provided them with all the truthful information and documents.
- At no time was there any deceit or false representation to misappropriate funds from our customers or shareholders.
Kevin Hobbs and Lisa Cheng would also like to make the following statement:
“Vanbex has great employees and great products. We will defend ourselves vigorously with the truth. We will defend our business and the right to do our business. Our company is entirely lawful. We have acted properly. This is an insult to our 26 employees and their hard work.”
SOURCE Vanbex
Blockchain
Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
The post Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users appeared first on News, Events, Advertising Options.
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
Blockchain
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