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Republic Cuts Through SEC Red Tape to Raise $16M via Security Token Sale
5.8.2020
Under a pair of SEC regulations, crowd-equity platform Republic has raised $16 million through the sale of its Republic Note security token
Report Cuts China’s Bitcoin Mining Capacity to 50% of World Total, Raises US’ to 14%
18.7.2020
A new report by crypto research company Bitooda claims that China accounts for only 50% of global Bitcoin mining capacity, and the U.S. 14%. The data is in sharp contrast with earlier findings from the University of Cambridge Centre for Alternative Finance (CCAF), which put China’s share...
Iran Licenses 14 Bitcoin Mining Farms, Cuts Electricity Tariff up to 47% for Miners
14.7.2020
Iran has reportedly issued permits for 14 bitcoin mining farms and will cut up to 47% off of the electricity tariff in order to support authorized cryptocurrency mining centers. Crypto miners will soon have to register with the government. Iran Licenses More Crypto Mining Farms The Islamic Republic...
Bitcoin Analyst: Central Bank Rate Cuts Mean ‘World Has Gone Zimbabwe’
1.7.2020
Zimbabwe-style mayhem is a possible outcome from a flood of cheap money hitting the global economy, warns MMCrypto
Master of Puppets: Bitcoin Cuts the Strings
23.5.2020
The centralized financial system has compromised itself several times during the last two decades alone, and now it’s time for a serious change!
Consensys Cuts Hundreds of Jobs This Year – About 25% of Its Staff Slashed
22.4.2020
Ethereum-based company Consensys has cut hundreds of jobs since January. In its latest action, the US-based blockchain development team confirmed it will slash more than 90 jobs – or 14% of its workforce – citing the global impact of Covid-19. The decision comes after a virtual town...
Zcash Foundation Cuts Q1 Spending 17% to $2.7 Million – ZEC Tanks 9% in 24 Hours
21.4.2020
The Zcash Foundation cut spending by 17% during the first three months of this year due to Covid-19 pressures. In its first-quarter report, the foundation said it spent only $2.68 million from an initial budget of $3.24 million. The report says: Our budget reduction primarily stems from cancelling...
Blockchain Bites: ConsenSys Cuts, dForce Doomsday and Bitcoin ATMs Boom
20.4.2020
ConsenSys cut staff for the second time in 2020. DForce faces doomsday. And Bitcoin ATMs are booming
Bitmain Partially Refunds Bitcoin Miner Buyers After Price Cuts
14.4.2020
The Beijing-based firm is sending out cash coupons to customers who pre-ordered its latest bitcoin miners at full price
First Mover: Bitcoin’s Market Cap Eclipses Citigroup’s as Yellen Calls for Big-Bank Dividend Cuts
13.4.2020
Bitcoin's price drop since Friday has pushed it back into the red for 2020, but it's still outperforming big bank stocks
Crypto Miner Bitfarms Cuts Costs and Reduces Staff Due to COVID-19 Crisis
7.4.2020
Canadian mining firm Bitfarms is temporarily cutting its workforce as part of its efforts to weather the COVID-19 pandemic
Financial Bazookas Revealed – Market Strategists Believe the Fed Will Purchase Stocks Soon
1.4.2020
Bitcoin and cryptocurrencies may be the only free-market assets left not manipulated by central banks like the U.S. Federal Reserve. Since the covid-19 outbreak, the Fed has unleashed a massive arsenal of monetary weapons to combat the effects on the economy. After the significant rate cuts...
During Coronavirus Pandemic, IRS Cuts Taxpayers Some Much Needed Slack
31.3.2020
The IRS has already changed some important payment deadlines and started crucial initiatives to help taxpayers. Will it help to win the fight against COVID-19?
Cryptocurrency Regulations Advance Despite Global Crisis, Cash Shortages, Bank Closures
25.3.2020
In this roundup, we cover crypto regulatory developments amid the global crisis effected by the coronavirus outbreak, bank closures, interest rate cuts, and plunging stock markets. Through it all, governments worldwide are still focusing on cryptocurrency regulation, including the U.S., South...
Onchain Data Suggests Bitcoin Sell-Off Fueled by New Investors
20.3.2020
While the covid-19 outbreak has caused economic calamity, cryptocurrencies have regained some of the losses that devastated digital currency markets on March 12. A recent report published by the researchers at Coin Metrics notes the “crypto asset sell-off was driven by short-term...
Federal Reserve Cuts Reserve Ration to Zero
16.3.2020
Federal Reserve announced rate cuts in the reserve ratio for banks to 0%, and last this happened was in December of 2008, the year of a horrific crisis whose shocks the world continued to feel for years. The recent downfall in the market seems to be a strong indicator, and alarms across the world...
Bitcoin Price Tops $5.9K as Fed Cuts Interest Rates to 0%, Restarts QE
16.3.2020
Bitcoin and altcoins benefit from the Federal Reserve’s attempt to combat the economic downturn brought about by COVID-19
QE4 Begins: Fed Cuts Rates, Buys $700B in Bonds; Bitcoin Rallies 7.7%
15.3.2020
Effectively, this is “QE4,” the fourth major round of quantitative easing by the American central bank since the global financial crisis a little more than a decade ago
Bitcoin Steadies as Bank of England Suddenly Cuts Rates to 11-Year Low
11.3.2020
The UK’s central bank has stunned markets with a rate cut to just 0.25% — the most since the tail end of the 2008 financial crisis
Stimulus, QE, Rate Cuts: Coronavirus Fuels Central Banks’ Monetary Easing Policy
8.3.2020
The world has been focused on the coronavirus outbreak that’s claimed 105,612 cases and 3,562 deaths to date. The pandemic has caused government leaders to react and central banks are breaking out tools from their arsenal of monetary easing schemes. The world’s central banks say...