Revolut To Launch Native Loyalty Token – May 19

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $29,762

Bitcoin price is approaching the $30,000 from below once again, as price bounces from the $28,000s.

Top-20 altcoins have seen a mixture of small gains and small losses, as Ethereum drops 1%, BNB rises 2% and XRP falls less than 1%.

Top Stories for May 19, 2022 πŸ”₯

πŸ‘‰ Revolut To Launch Native Loyalty Token

Money management app Revolut has revealed further details on plans to launch its own native cryptocurrency token, which some have dubbed “Revcoin”.

Revolut CEO Nick Storonsky says the token will reward customers for their loyalty and aims to make loyalty tradeable. He emphasized that the token will not be a stablecoin.

The company is also in the process of buliding a non-custodial wallet, initially tailored to Ethereum but expected to become multi-chain.

πŸ‘‰ Ethereum Public Testnet On Track For Merge In June

Ethereum is on track to perform a merge of its public Ropsten testnet in June, which will trial the network’s new Proof-of-Stake consensus mechanism.

Bug bounties have also been increased for developers who find vulnerabilities on the public testnets or the main network, with rewards of up to $500,000 in Ether or Dai available.

πŸ‘‰ Stock Trading Against Stablecoins Coming To FTX US

FTX US has announced that it will be expanding into equity trading, with a new platform called FTX Stocks. The platform will offer stock trading in stablecoin pairs, available directly through the FTX US app.

FTX Stocks will offer access to hundreds of US exchange-listed shares, as well as exchange-traded funds (ETFs). The platform will begin with a private beta phase for select US customers, selected from a waitlist.