Cryptopia Resumes Trading with 15% Bitcoin Haircut, Months after $16 Million Hack

Cryptopia Resumes Trading with 15% Bitcoin Haircut, Months after $16 Million Hack

TweetShareCryptocurrency exchange Cryptopia resumed trading on 40 trade pairs three months after it endured a multi-million dollars theft.The New Zealand firm took to its Twitter profile to update that it was beginning to list pairs that it “quantified as secure.” The exchange further confirmed that it would periodically place more coins after assessing each one of…

MercadoLibre Dumps Crypto Days after PayPal’s $750 Million Investment

MercadoLibre Dumps Crypto Days after PayPal’s $750 Million Investment

TweetShareMercadoLibre, a Latin American e-commerce giant with a presence in nearly 20 countries, recently started warning users that cryptocurrency-related listings will be banned from its platform. The company made the announcement just days after receiving a $750 million investment from PayPal.$22 Billion Latin American E-Commerce Giant Bans Crypto ListingsThe e-commerce retailer’s move comes as it…

Facebook’s Catastrophic Blackout Could Cost $90 Million in Lost Revenue

Facebook’s Catastrophic Blackout Could Cost $90 Million in Lost Revenue

TweetShareFacebook suffered its worst-ever outage on Wednesday 13th March. The downtime, which also hit related products Instagram, Messenger and WhatsApp, lasted for at least 14 hours.The blackout hit millions of users across the globe and caused Facebook stock to tumble 2 percent in after-hours trading.Every minute that Facebook is offline costs an enormous amount of…

Ripple Bets Big on Blockchain Gaming with $100 Million Fund via Xpring

Ripple Bets Big on Blockchain Gaming with $100 Million Fund via Xpring

TweetShareAccording to a press release this morning, Ripple’s Xpring developer initiative and Forte, a blockchain gaming company, have teamed up to create a $100 million fund for game development.Forte provides tools for blockchain integration to game developers. Xpring works to advance the XRP ecosystem through developer funding and development of tools.$100 Million Fund For Blockchain…

Twitter CEO Reveals His Latest Bitcoin Purchase to 4 Million Followers

Twitter CEO Reveals His Latest Bitcoin Purchase to 4 Million Followers

TweetShareIf Jack Dorsey, CEO of both Twitter and Square, isn’t heralding wide-scale adoption of bitcoin, no one is.The tech entrepreneur’s 4.15 million Twitter followers now know that he owns a Trezor hardware wallet and he used BTC to make the purchase via the Square Cash app. At the current BTC price, he paid approximately $261.54…

Not Funny: Elon Musk’s Twitter Joke Likely to Cost Tesla $460 Million

Not Funny: Elon Musk’s Twitter Joke Likely to Cost Tesla $460 Million

TweetShareWhen Tesla CEO Elon Musk pressed “tweet,” he had to know his ill-timed joke about production numbers would catch the attention of SEC regulators. However, that single Twitter post might now force Tesla to pay nearly $1 billion in cash to settle up with bondholders.Tesla’s Billion-Dollar Debt Load Comes Home to RoostAt issue is $920 million…

Exit Scam or Mismanagement? Coinbase Digs Into QuadrigaCX’s ‘$150 Million Loss’

Exit Scam or Mismanagement? Coinbase Digs Into QuadrigaCX’s ‘$150 Million Loss’

TweetShareBrian Armstrong, the CEO of Coinbase, one of the world’s largest crypto exchanges, said that the company conducted internal research on the QuadrigaCX case.QuadrigaCX has been claiming that Gerald Cotten, its CEO, passed away with sole control over its cold wallets containing $150 million in various cryptocurrencies including Bitcoin and Ethereum.However, independent researchers claimed that…