How a Facebook Bug Took Down Spotify, TikTok, and Other Major iOS Apps

Thank a tiny change to a software development kit for widespread crashes Wednesday, including the Spotify and TikTok...

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Square’s Cash App Reports BTC Quarterly Revenue Exceeds Fiat’s, Soaring 367% to $306 Million
May08

Square’s Cash App Reports BTC Quarterly Revenue Exceeds Fiat’s, Soaring 367% to $306 Million

Square’s Cash App reported Wednesday, that bitcoin (BTC) revenue during the first quarter of the year, soared 367% to $306 million from $65 million a year ago. Quarter-on-quarter, the figure is up 71%. The increase is thanks “to growth in the number of active bitcoin customers, as well as growth in customer demand as a result of the decrease in the price of BTC,” Square said. It is the first time that BTC revenue has...

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Bitcoin Price Touches $10K Amid 2020’s Macroeconomic Storm and Covid-19 Fears
May08

Bitcoin Price Touches $10K Amid 2020’s Macroeconomic Storm and Covid-19 Fears

On May 7, 2020, the price of a single bitcoin crossed $10,000 per unit in USD value as the network only has four days until the halving, otherwise known as the “quantitative hardening” by some investors. The cryptocurrency’s per annum inflation rate will drop from 3.6% to 1.8% on or around May 12, 2020, as banks like the Federal Reserve flood the monetary system with stimulus by creating trillions out of thin air....

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Decentralized Finance Startup Focused on Bitcoin Cash Raises $1 Million for Expansion
May08

Decentralized Finance Startup Focused on Bitcoin Cash Raises $1 Million for Expansion

On May 7, the decentralized finance (defi) startup General Protocols revealed the team has raised over $1 million from investors. The creators of General Protocols have introduced innovative projects on the Bitcoin Cash network such as Anyhedge, and have also participated in helping forward the Bitcoin Cash Node (BCHN) project and Flipstarter.cash. The BCH community was pleased to hear that a startup dedicated to the Bitcoin Cash...

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Iran to Cut 4 Zeros From Its Currency Amid Chronic Inflation and US Sanctions
May08

Iran to Cut 4 Zeros From Its Currency Amid Chronic Inflation and US Sanctions

Iranian lawmakers have reportedly approved a plan to slash four zeros from the national currency, the rial, which has been falling sharply in value amid chronic inflation and the U.S. sanctions. The official currency will also be replaced. Economists are skeptical about how the changes will affect the Iranian economy. Cutting 4 Zeros From the Rial The Iranian parliament has reportedly passed a bill to allow the government to cut four...

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