A new DApp offers an escrow service for transactions involving cryptocurrencies, as well as a decentralized arbitration service that delivers resolutions quickly and inexpensively — irrespective of how complicated the dispute is. PayrLink says its solution is vital because we’re increasingly living in a world where everything happens online, meaning that it’s hard to trust anyone. As the project’s whitepaper explains: “The days of meeting people, shaking their hands, doing a deal is long gone. We need to feel safe and private when doing transactions online.” Although blockchain technology serves as a powerful tool because of how it delivers transparency, …

“A Polkadot project with a difference” says it is restoring trust and simplicity to complex token ecosystems and eliminating the centralized distribution models that can render the power of blockchain technology useless. Polkalokr offers a multi-chain token escrow platform that can be integrated into existing DeFi protocols, ensuring that network participants have full control over how tokens are distributed and treasuries are managed. The project’s goal is to remove human reliance and bring trust to token economies through governance-as-a-service — all while delivering security, scalability and a user-friendly experience. Explaining why Polkalokr is needed, the developers behind this initiative said: …

The U.S. Department of Justice (DoJ) announced that the principal of crypto asset escrow company Volantis Market Making has pled guilty to commodities fraud worth more than $3.25 million on October 1. Volantis executive, 49-year-old Jon Barry Thompson, made false representations to a company from which he solicited $3.25 million to make purportedly “no risk” Bitcoin (BTC) purchases through a third firm during June and July of 2018. Despite Thompson asserting he would not part with the money until after the third firm had delivered the BTC, Acting Manhattan U.S. Attorney, Audrey Strauss, found that: “Thompson sent the money to …

On May 16, 2019, Coin Metrics released a report detailing discrepancies in Ripple’s escrow reporting system. The Blockchain analysis firm described these discrepancies as contradictions that required some explanation. As per usual, any story concerning Ripple is going to come in for some polarizing viewpoints, with strong opinions on both sides of the matter. On the one hand, Ripple says the discrepancies aren’t so much a financial issue as they are a timeline adjustment. Critics of the company, on the other hand, see it as a further ground for criticism of Ripple’s operations. How Ripple escrow works Back in mid-December …