QuadrigaCX trustee only has $30M to pay $171M worth of claims
The trustee for the collapsed Canadian crypto exchange QuadrigaCX, has received $171 million in claims from the exchange’s customers. Go to Source Powered by WPeMatico
Month: November 2020
Bitcoin Cash-Fueled Onchain Social Media Platform Memo Launches iOS App
Two years ago, an onchain social network called memo.cash was launched and the application has developed quite a bit since then. On Tuesday, the Memo team revealed that the platform is now available for iOS phones via the App Store. Apple users can now connect to the social network that etches a user’s content to … Read more
Ledger owners lose 1.1 million XRP to scam site
After a major leak of email and personal information earlier this year, Ledger customers are experiencing a surge in phishing attempts. Go to Source Powered by WPeMatico
‘I destroyed my life’: Uniswap trader spends $9,500 in fees on $120 transaction
An impatient Uniswap trader accidentally paid more than 23 Ether to execute a $120 trade on the decentralized exchange. Go to Source Powered by WPeMatico
‘Formula E’ racing title among four NFT-powered games announced today
Non-fungible tokens are booming, with Animoca Brands and Skymarch revealing upcoming gaming titles powered by NFTs. Go to Source Powered by WPeMatico
Nigeria hopes blockchain will generate $10B revenue by 2030
“We want Nigeria to be strategically placed to capture value from this economic potential of blockchain,” stated the NITDA director-general. Go to Source Powered by WPeMatico
‘Extreme greed’ and FOMO taking hold as BTC nudges $16K
Bitcoin has powered to its highest price since early 2018 as the buying frenzy continues. Go to Source Powered by WPeMatico
Almost 80% of Square’s Cash App Q3 revenue was from Bitcoin
Square’s Cash App has increased Q3 Bitcoin revenue by 1,100% after more than $1.6 billion Bitcoin was purchased by users Go to Source Powered by WPeMatico
Iran Adopts Bitcoin for International Trade Amid Heavy Sanctions, Falling Rial, Soaring Inflation
The Iranian government has adopted bitcoin for international trade as the country’s economic crisis deepens, with rising Covid-19 cases, depreciating rial, and intensifying sanctions imposed by the U.S. government. Iran’s Economic Troubles Magnified Iran is undergoing a severe economic crisis as Covid-19 cases surge in the country. The Iranian health ministry says that the number … Read more
Bitcoin’s Market Cap Is More Valuable Than the IMF’s Special Drawing Rights Reserves
At its current price per unit, the decentralized cryptocurrency Bitcoin’s market valuation has surpassed the overall value of the International Monetary Fund’s (IMF) Special Drawing Rights market (SDR $281 billion). Since the massive global market rout on March 12, bitcoin has risen over 323% since the crypto asset’s $3,600 low in 2020. The price of … Read more
