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Venezuela Slashes Six Zeroes off Its Currency, Bolivar Keeps Losing Ground Against the Dollar
4.10.2021
The Central Bank Of Venezuela applied the announced redenomination plan for the national fiat currency, the bolivar on October 1. This redenomination implied slashing six zeroes from the currency, to make payments and currency handling easier, according to earlier statements. However, just hours...
Central Bank of Venezuela Announces ‘Digital Bolivar’ Redenomination Plan
7.8.2021
The Central Bank of Venezuela announced the new redenomination plan for its fiat currency called “Digital Bolivar.” This new proposal seeks to simplify transactions by slashing six zeroes from the current value of the currency. While it is called digital, it has nothing to do with...
DeFi leader’s mishap sees his Eth2 validator subjected to 'continuous slashing'
9.12.2020
Slashing is one of the big risks of staking on ETH 2.0, find out how to avoid it
Bison Trails’ New Software Could Make Slashing Penalties a Thing of the Past
20.8.2020
This in turn could reduce the headaches involved when achieving consensus
Bitcoin Miners Reveal Concerns Over Mining Rig Shipment Delays and Bitcoin Halving
15.4.2020
The cryptocurrency market rout in mid-March, which saw bitcoin’s price slide significantly in value, has strained bitcoin mining operations by slashing considerable revenue from the block rewards. Moreover, shipping delays from mining manufacturers have caused uncertainty and mining...
Analysts Question Gold’s Safe Haven Status – 2008 Data Shows Central Banks Oversaturated Bullion Markets
17.3.2020
After bitcoin prices dropped below the $5K region on Monday morning, gold also slid significantly. It saw a small spike in value after the Federal Reserve announced slashing the benchmark rate by 100 bps, but gold prices subsequently dropped below $1,500 per ounce hours later. The current sentiment...
Bitcoin Sinks Below $5K Despite Fed Reserve’s Slashing of Interest Rates
16.3.2020
The Fed's cutting of interest rates has done little to calm the markets
Major HSBC Layoffs: 35,000 Job Cuts and Massive Restructuring Announced
22.2.2020
Banking giant HSBC has unveiled a major restructuring plan that includes 35,000 job cuts. The move came as the bank’s net profit plunged 53% last year. HSBC is also slashing $100 billion in assets and closing many branches. “This represents one of the deepest restructuring...
QE Infinity: 37 Central Banks Participate in Stimulus and Easing Practices
9.11.2019
Since the last week of October, a great number of central banks have been slashing interest rates, joining the massive synchronization of monetary easing worldwide. This year more than two dozen banks have used easing tactics and in the last two weeks alone central banks from Costa Rica, Hong Kong...
WeWork Considers Slashing Its IPO Valuation to Levels Below $20 Billion
9.9.2019
2019 might not have been a great year for the stock markets so far, but it has certainly been the year of mega initial public offerings. Earlier on this year, ride-hailing giant, Uber went public in the biggest IPO in the history of Wall Street. On the other hand, some other companies like Lyft...
Big Banks, Big Troubles: HSBC, Deutsche, Societe, and Citi Lay Off Thousands Worldwide
9.8.2019
Banking giants are in trouble and it’s starting to show. Key players in the industry have already announced massive job cuts and executives with hefty salaries have been dismissed. HSBC, the largest bank in Europe, has revealed it plans to lay off over 4,000 employees and Citigroup...
In a World Where Central Planners Push Debt, Cryptocurrencies Look Better Every Day
6.6.2019
Economists have been predicting a worldwide recession which could pose a risk to financial stability throughout various countries. Fear of an economic downturn has caused the central bank of Australia to cut interests rates on Tuesday and both the U.S. Federal Reserve and the Reserve Bank of India...
Crypto Lending Startup BlockFi Slashing Interest Rates on Ether Deposits
22.5.2019
BlockFi is almost halving the interest rate it offers on ether deposits from June 1, while the rate on larger bitcoin deposits will go up slightly