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Kyrgyzstan Cuts Off Power to 45 Crypto Miners for Overconsumption
20.9.2019
Kyrgyzstan cuts off power to 45 crypto mining firms as they consumed more energy than three local regions combined
AltCoinTrader Cuts Trading Fees by 50% to Tap the Growing Crypto Industry of South Africa
5.9.2019
According to the crypto exchange, AltCoinTrader, South Africa has six primary stock exchanges; one is AltCoinTrader. AltcoinTrader cryptocurrency exchange offers trading digital coins against South African Rand only. The Cryptocurrency trading house, AltCoinTrader announced that it would reduce...
Charlie Lee Vows to Keep Funding Litecoin Foundation Amid Pay Cuts
28.8.2019
Litecoin creator Charlie Lee said he remains committed to funding the Litecoin Foundation regardless of its financial standing
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...
More Signs the Next Big Financial Crisis May Begin in Germany
3.8.2019
Germany, the locomotive of Europe’s huge economy, is entering a difficult period, various indicators suggest. And when the Federal Republic sneezes, the Old Continent usually catches cold. This time, Germany may infect the rest of the world as well. An economic and financial crisis there...
The Next Big Financial Meltdown Is Around the Corner, Many Voices Warn
25.7.2019
“The economy is looking great,” how many times have they told you that? And why do you usually hear it when you are late on a mortgage payment or during a downsizing purge at your company? Relying on your senses is always a safer bet than trusting the wishful thinking of those...
Money Laundering Scandals Bring Court Charges and Record Job Cuts to Euro Banks
9.7.2019
The international financial establishment is known to express concern about the risks of money laundering when the crypto space is mentioned. A string of scandals indicates, however, that traditional banks are not only susceptible to the phenomenon but sometimes complicit, whether knowingly...
Binance Cuts Time Needed for BTC, ETH Deposits and Withdrawals
9.7.2019
Binance has just cut the number of block confirmations needed to make withdrawals and deposits in two top cryptocurrencies
Side Effects of Economic Growth: Is Snowden Right to Say Bitcoiners Shouldn’t Be Bankers?
1.7.2019
Growth is a goal that’s worth achieving, in most cases, and the current economic paradigm favors it. But when central banks start undermining their fiat economies and crypto companies begin to mimic financial institutions in its name, growth becomes an end in itself with self-destructive...
As Oil Demand Falters, OPEC Decides To Keep Output Cuts Into Next Year
1.7.2019
The OPEC countries’ share of oil production may have become far less than what it used to be, but the institution is still regarded as one of the most powerful bodies when it comes to the oil industry. The soaring production levels of shale oil in the United States and the weak outlook with regards...
Sygnia Cuts Try with Consulting Giant Deloitte Over Reputational Issues
26.6.2019
The biggest consultancy firms in the world are now going through a lot of turmoil for having been mixed up in unsavory episodes over the past few years, and that is no different when it comes to their operations in South Africa. One of the biggest scandals to have hit South Africa in recent years...
Volkswagen’s Digital Transformation to See Cuts to 4000 Jobs
5.6.2019
Over the years, plenty of companies have gone on digital transformations that have seen core jobs being reduced at the expense of more robust Information Technology (IT) departments, and that is exactly what is going to happen with Germany car manufacturing giant Volkswagen. It has now emerged that...
As Deutsche Bank Shares Hit New Lows, CEO Promises Tough Cuts
23.5.2019
At one point of time, German banking giant Deutsche Bank was looked upon as being in the same category of some of the biggest banks of the world like Goldman, JP Morgan, and Barclays among others, as it set its sights on international domination. However, the financial crisis of 2008 burned...
Decentralization First: Privacy Coin Monero Cuts Out ASIC Miners to Stay Independent
13.3.2019
Privacy coin Monero introduces ASIC-resistance so it can remain an independent, open-source project — here are the details