Bitcoin ‘cascading long squeeze’ to blame for slump to $60K

Cryptocurrency exchange, Poloniex, has announced a scheme to reimburse users affected by a flash crash in May, which led to total losses of around 1,800 Bitcoin (BTC). In an Aug. 13 blog post, the company pledged to repay daily trading fees (in BTC) to impacted lenders until their losses are fully recovered.Payments will begin later…

Cryptocurrency-friendly internet banking app Revolut plans to launch in the United States later this year, the company has confirmed.Mastercard joins Visa support for RevolutIn a press release on Oct. 22, Revolut said its expanding partnership with Mastercard would allow it to enter the U.S. market by the end of 2019.United Kingdom-based Revolut has offered consumers…

Diverse investors including Solana Ventures, Alameda Research and NBA legends Michael Jordan and Allen Iverson participated in the round. 263 Total views 3 Total shares Nonfungible token (NFT) marketplace Metaplex has concluded a $46 million investment round to support its strategic pivot into metaverse applications — offering further evidence that existing blockchain networks were looking…

The Worldcoin Foundation rolled out a $5 million grant to support its community through WLD tokens or stablecoins. As Bitcoin (BTC) soared past the $40,000 mark and brought the total crypto market capitalization to $1 trillion, Web3 firms have started to roll out grants to support the development of the blockchain ecosystem. On Dec. 6, the Worldcoin

Macron has faced widespread and international backlash for the arrest of the Telegram founder

Tech giants Alibaba and IBM are vying for the top spot on a new list that ranks global entities by the number of blockchain-related patents filed to date, published August 31 by iPR Daily.iPR Daily — a media outlet specializing in intellectual property — says it consolidated data as of August 10 from across China,…

Palau’s USD-backed stablecoin build on XRP Ledger will be frozen on Sept. 15 as the government will be collecting feedback from users to shape the way ahead. 308 Total views 4 Total shares Palau, a country in the western Pacific Ocean, is wrapping up its United States dollar stablecoin project after launching the pilot in

Anclap expects to launch two more Stellar-based stablecoins for Chile and Colombia later this year. 775 Total views 24 Total shares Latin American stablecoin issuer Anclap is expanding its Stellar-based stablecoin network by launching a new stablecoin in Peru, Cointelegraph en Español reports.Pegged to Peru’s official fiat currency, the Peruvian sol (PEN), the new stablecoin is designed…