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Deutsche Bank Reports €5.3 Billion in Net Loss for 2019 as It Counts the Cost of Restructuring
1.2.2020
A year of reorganization has left its mark on Germany’s leading financial institution. Deutsche Bank revealed this week it suffered significant losses in the last quarter and all of 2019. The banking giant claims that the damage is “entirely driven by transformation-related...
Germany Increases Costs For Some Crypto Firms by USD 250,000
24.1.2020
Germany's newly installed cryptocurrency laws have made it illegal for new firms to launch crypto trading, custody services and issue tokens, according to experts.
Since January 1, the German Banking Act has stated that crypto assets now qualify as financial instruments and that crypto-exchanges...
What Is the Ideal Block Size and Fee Cost?
24.1.2020
Many of the debates around block size in Bitcoin operate under the false premise that the question can even be properly answered by a central authority. But markets are better at deciding these questions and block sizes and fee costs should be worked out by miners and users, not development...
European Crypto Firms Brace for Higher Costs as AMLD5 Takes Effect
10.1.2020
A strict new regulatory regime is dawning upon European firms handling cryptocurrency. Here’s what AMLD5 will mean for the industry
NY Governor Wants Crypto Firms to Cover Costs for NYDFS Oversight
9.1.2020
New York Governor Andrew Cuomo argues that crypto entities licensed under the Financial Services Law should pay for NYDFS oversight
Hamstringing an Industry With Compliance Costs
7.1.2020
The risk to the industry when crypto companies have to spend millions on compliance, plus new BTC mining in TX and the IMF on digital currencies
Costs Spiral for Exchanges as Police, Regulators Step up Scrutiny
7.1.2020
American and international regulators and cyber police forces intensified their scrutiny of cryptocurrency exchanges last year – with the Kraken platform stating that it was hit with a whopping 710 information requests from global law enforcement agencies in 2019.
The company bemoaned its fate...
Bitcoin Prices Are Affected by Several Factors Besides High Costs of Mining
20.12.2019
Bitcoin, one of the most popular cryptocurrencies, has always been in the news whether for the right reasons or the wrong ones. This is because Bitcoin has experienced unprecedented growth over the last decade and has drawn attention over various issues like security, anonymity, stability,...
Tradeshift Says It’s Slashed Cross-Border Transaction Costs Using Ethereum
18.12.2019
Supply chain fintech startup Tradeshift, which boasts two million firms on its platform, says it's slashed the cost of cross-border transactions between buyers and suppliers using the public ethereum blockchain
European Banks Struggle With Low Interest Rates and Strict Regulations
4.12.2019
Banks in Europe have been in a difficult spot lately. A new report reveals that financial institutions across the region faced serious difficulties in the 2018 financial year, and despite all the cost cutting that followed, haven’t managed to compensate the revenue decline in 2019....
Study: Blockchain to Save $450B in Supply Chain Costs in Western Europe
3.12.2019
A new study from Cointelegraph Consulting and Insolar highlights potential massive savings to be had through enterprise blockchain adoption
Energy Costs of Crypto Mining and Tips to Save
27.11.2019
Disclaimer: The text below is a sponsored article.
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Mining cryptocurrency is not cheap, it costs a lot of energy. So much that some people don’t even think it’s worth it. But if you have the means and can mine bitcoin or another cryptocurrency successfully, there are ways to cut down...
Bitcoin Cash Community Funds Eatbch Trip to Ghana
16.11.2019
This week members of the Bitcoin Cash (BCH) community donated funds to Eatbch South Sudan volunteer Thiong Deng so he could spread the word about the benefits of BCH at the Young African Leaders Summit. According to Deng, his journey to Uganda and Ghana has been fully funded which includes flight...
Iranian Grid Explains Electrical Costs Will Fluctuate for Bitcoin Miners
15.11.2019
Throughout the course of 2019, Iran’s government and the country’s energy officials have been creating new guidelines for bitcoin miners setting up data facilities in the oil-rich nation. On Wednesday, Mostafa Rajabi, a spokesperson for Iran’s Energy Ministry, described a...
Cash Runs Dry at ATMs as Protests Escalate in Chile
26.10.2019
There’s a lot of unrest in Chile right now as the country has seen massive protests against government manipulation and an escalation of financial problems. Local reports detail a few banking establishments have been burned after customers started having issues withdrawing cash from ATMs....
Tax Form to Report Revenues From Cryptocurrency Trading Issued in Poland
26.10.2019
Authorities in Poland have clarified the taxation of revenues received from cryptocurrency exchange transactions. The Ministry of Finance has recently published a 2019 tax form that has a dedicated section where taxpayers are expected to declare separately proceeds from crypto trading. Also read:...
Germany’s Financial Crisis Invokes 5-Year Rent Freeze
24.10.2019
All eyes are on the German economy which was once perceived as stable and strong. However, the financial state of affairs has been tumultuous and Berlin’s state cabinet recently agreed to a five-year rent freeze to help curb the rising housing costs in the country. Moreover, Bundesbank just...
Smart Contract Blockchains Are Struggling to Scale
17.10.2019
Second generation blockchains were presented as being faster, cheaper, and more scalable than Bitcoin. Third generation chains (basically anything that came after Ethereum) promised even greater optimizations. In the event, these networks have run into the same difficulties as Bitcoin, with...
Chinese Bitcoin Miners Migrate North After Wet Season
10.10.2019
A China-based crypto news outlet recently published a comprehensive report on the costs associated with building a digital currency mining farm in China. Additionally, the local publication revealed that Chinese miners are starting to migrate north to access cheap thermal power and wind power after...
Paperform
26.9.2019
Buy or build is a classic debate in technology. Building things yourself might feel less expensive because there is no line item on your credit card bill, but has cost in the form of time. Buying things, believe it or not, is usually less expensive when it comes to technology that isn't your core...