Cryptocurrency mining giant Bitmain is reportedly planning to layoff another 50 percent of its employees in advance of the Bitcoin halving coming in May. Cryptocurrency mining giant Bitmain reportedly has plans to reduce its workforce by another fifty percent. On Dec. 2, Chinese news media outlet Wushuo Blockchain reported that Bitcoin (BTC) mining rig maker […]
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Facebook’s Libra, Ethereum, QuadrigaCX, Tether and Bitfinex — Cointelegraph breaks down the biggest stories of 2019. 2019 may not go down as a year of breathtaking highs for cryptocurrency markets, but major strides have been made for mass adoption of digital payments and blockchain technology. A quick look at major headlines over the past 12 […]
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South Korea will not tax individual crypto profits yet, but legislation is in the works. Cryptocurrency and taxation laws are creating a great deal of confusion in South Korea. On Dec. 30, South Korea’s government stated that under current law, it cannot impose income taxes on individuals’ profits from transactions of cryptocurrency. This, however, contrasts […]
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Bitcoin price dropped below $7K, leading traders to look for a bounce at the $6.8K support. Today, Bitcoin (BTC) price abruptly dropped below the $7,100 support, declining 3.35% to rest near $6,900. For the past few days, Bitcoin price traded between $7,300 and $7,100, testing the $7,100 and $7,050 support multiple times. Therefore, for many […]
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Senior software developer at major crypto firm Ripple announced that he is leaving the company after six and a half years to focus on work at Coil. Evan Schwartz, senior software developer at major crypto firm Ripple announced that he is leaving the cryptocurrency company after six and a half years. On Jan 2, the […]
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The gaming giant will become a block producer on the UOS blockchain, supporting a gaming project called Ultra. It’s already well-theorized that it’s not cryptocurrency or decentralized finance apps, but gaming that will actually drive blockchain use cases in the real world. While this has moved many smaller development companies and hobbyist programmers to release […]
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Popular analysts suggest that Ethereum could soon see a renaissance causing a 100% pump. A trio of analysts have predicted big gains for the number two cryptocurrency by market cap, Ethereum, in the next few months. One even suggested a replay of his 100% surge prediction from early last year, in a tweet on Jan. […]
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Carnegie Mellon University sees $4 million pledge from alumnus and former MakerDAO contributer to advance DeFi research within. A former MakerDAO contributor and Carnegie Mellon alumnus has committed 10,000 MKR — valued at just under $4.3 million at press time — to his alma mater to develop a research program for decentralized applications. Who is […]
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As the year comes to a close, it is time to look back at mainstream media’s coverage of cryptocurrencies in 2019. In late 2017, Bitcoin piqued the interest of millions of people hoping to capitalize on the ongoing frenzy and, as a result, drew the attention of various traditional media outlets. The press seemed largely […]
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The U.S. could possibly lose the digital war to China if it doesn’t issue a digital dollar ahead of the digital yuan. In recent weeks, various central banks have indicated that they are exploring the possibility of issuing their own central bank digital currency, or CBDC. From Tunisia, which was at the center of false […]
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