Robinhood records $57m loss on processing error
Robinhood has disclosed a loss of $57 million as a result of a processing error involving shares of a small company in December. The error was made when Robinhood handled Cosmo Health’s 1-for-25 reverse stock split improperly. Cosmo Health is a nutraceuticals company with a market value of about $50 million. This mistake allowed Robinhood’s […]
Bitfarms settles $21M debt with one-time cash payment of $7.75M
Bitfarms, has paid an insolvent cryptocurrency lender BlockFi a one-time cash settlement of $7.75 million to satisfy a $21 million debt. According to a press release from February 9, Bitfarms and BlockFi modified their prior loan arrangement to permit the cryptocurrency miner to pay the $21 million principle and interest debt owed to BlockFi in […]
Bit2Me, Mastercard introduce 9% Cashback Debit Card
The biggest cryptocurrency exchange in Spain, Bit2Me, launched its new cashback debit card in a cooperation with Mastercard on February 10. The new debit card draws on the technology used in the Bit2Me crypto card already in existence, but this time, cardholders are qualified for up to 9% cryptocurrency payback. The Mastercard network, which is […]
Polkadot assists victims of Turkey, Syria earthquake
Polkadot is the most recent crypto company to contribute to the effort of raising money for the millions of earthquake victims in Turkey and Syria. In order to help those impacted by the magnitude 7.8 earthquake that shook southeast Turkey and parts of Syria on February 6, 2023, the decentralized blockchain platform Polkadot has invited […]
Which are the two popular Blockchain Projects that you should be aware of?
Blockchain is one of the most important breakthroughs we’ve seen in recent years, significantly transforming industries like finance and art. Gaming has become another key area where blockchain technology can be applied, which has resulted in a surge of new companies entering the market. With so many alternatives to pick from, it can be challenging […]