The London-based financial technology company is pushing deeper into Latin America as regional competition among digital banks heats up. Revolut, a London-based digital banking and payments company, has applied for a full banking license in Peru as part of its expansion across Latin America, Bloomberg reported on Monday. If approved, the license will allow the company to operate as a regulated bank in the country, adding Peru to a list of regional markets alongside Mexico, Colombia and Brazil. Bloomberg said Revolut plans to compete primarily with incumbent banks rather than newer fintech rivals. Revolut has identified remittances and cross-border payments as key parts of its local strategy, noting that about 1 million people in Peru rely on money sent from abroad. Read more
Bitcoin and altcoins lost part of their recent gains after the US trade war with various European countries resumed, prompting some traders to reduce risk and watch from the sidelines. Key points: Bitcoin may remain under pressure as the US-EU trade war may create a risk-off environment in the short term. Most major altcoins have turned down from their overhead resistance levels, signaling that the bears remain in command. Read more
How BTQ’s Bitcoin-like quantum testnet highlights where post-quantum risks may emerge and why mitigation is an engineering challenge. Bitcoin’s quantum risk centers on exposed public keys and signature security. BTQ’s testnet explores post-quantum signatures in a Bitcoin-like environment. Post-quantum signatures significantly increase transaction size and block space demands. Read more
Can Bitcoin mining heat grow food? A Manitoba pilot explores using crypto server heat to cut greenhouse energy costs and emissions. Bitcoin mining produces large amounts of heat that are typically treated as waste. In cold regions, this thermal output is now being tested as a useful resource. A pilot project in Manitoba is integrating Bitcoin mining with greenhouse farming, reusing server heat as a supplemental source of agricultural heating. Liquid-cooled mining systems are generally associated with higher and more stable heat capture, making recovered thermal energy suitable for industrial heating applications. Read more
XRP price plunged below $2 amid a market-wide sell-off as strong spot ETF inflows and a surge in XRP Ledger transactions failed to lift investor sentiment. Spot XRP (XRP) exchange-traded funds (ETFs) have continued to attract investor interest, recording inflows every day of last week as transactions surged to a six-month high. Unfortunately, these positive fundamentals didn’t help the bulls hold the price above the psychological $2 support level. How low can XRP price go? Key takeaways: Read more