Bitcoin dips to $93K wiping out $303M longs within minutes

A small southern Italian town of 550 residents, Castellino del Biferno, has started minting their own currency, called Ducati, as a method to support their local economy during the coronavirus Pandemic.The town mayor Enrico Fratangelo, had been studying minting money for 12 years before having the opportunity to put his ideas to the test."We decided…

The inception of the metaverse has revolutionized the way we connect, communicate, build and conduct business. Providing new avenues for creators and brands to co-create and reach global audiences, the metaverse has found a home in the fashion, arts and entertainment industries.  Success stories in the metaverse include ABBA’s groundbreaking avatar show in London, which…

Chinese entrepreneurs registered 714 blockchain firms in China this month, resulting in a total of 26,089 such companies operating in the country.According to cryptocurrency data firm LongHash on Jan. 26, the total number of blockchain firms registered in China is 79,556, while 57,257 Chinese blockchain firms also lost their legal status or had their licenses…

The origin of the carbonade diamond has baffled scientists for years, as it contains some of the precious metals only found in meteorites. 420 Total views 3 Total shares A 555-carat diamond with mysterious origins estimated to be billion years old has been sold for $4.5 million in cryptocurrency at a Sotheby's auction.The diamond has…

Switzerland’s national bank should work with large industry players to develop a Swiss franc token, according to a report by the Avenir Suisse think tank on June 4.Avenir Suisse is an independent privately funded think tank, with a yearly budget of reportedly 5 million Swiss francs ($5 million).Despite the opportunities that distributed ledger technology (DLT) is…

Xfers believes it's time other national currencies received a piece of the action too. 1365 Total views 1 Total shares Singapore-based payments company Xfers announced on Monday the official release of its XSGD stablecoin, pegged to the Singapore dollar.The stablecoin would be one of the first SGD-denominated tokens, giving Singapore businesses and individuals a way…

Celo founder Rene Reinsberg discusses entering the early phases of mainnet and The Celo Foundation’s recent $10 million auction. 723 Total views 24 Total shares The Celo Foundation raised $10 million for its blockchain platform Celo in a dutch auction on CoinList on May 12.The auction sold out within 12 hours, with Celo Gold (cGLD)…

Plaintiffs say 79 tokens that Coinbase sells meet the definition of securities, but they were not warned of their risks. 702 Total views 31 Total shares Three individuals who bought cryptocurrency through Coinbase filed a proposed class action March 11 in the Southern District Court of New York alleging that Coinbase is operating as an…