Cuts

Bitcoin Clueless as ECB Cuts Rate, and US-China Delay Tariffs

Bitcoin erased earlier gains on Thursday as US President Donald Trump said he would delay an increase in tariffs on Chinese goods. Bitcoin price remains in bias-conflict | Image credits: TradingView.com The benchmark cryptocurrency was trading at $10,156.85 in post noon European trade, down by $3.35, or 0.03 percent, since the market open. Late yesterday, […]

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Fed’s Rate Cuts Likely to Affect Bitcoin Price, Here’s How

Coinspeaker Fed’s Rate Cuts Likely to Affect Bitcoin Price, Here’s How Weaker USD may be good news for Bitcoin price which could pick up more because of the quarter-percent rate cut. The move has been seen as preventative by economists but could also be a catalyst for the next financial crisis. Fed’s Rate Cuts Likely […]

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Treasury Secretary Seals Bitcoin’s Impending Death by a Thousand Cuts

Following Donald Trump’s sudden and mysterious tweets regarding bitcoin last week, Treasury Secretary Steven Mnuchin held an unexpected press conference on Monday. He used coded language telegraphing the end of bitcoin and cryptocurrency. The Feds Want to Stop Crimes and Stabilize Markets Steven Mnuchin was not lying when he said that the federal government wants […]

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Coinbase Shellacking: Crypto Exchange Cuts Staff, Shutters Chicago Hub

By CCN: The markets may be moving into the green, but 30 Coinbase engineers will be seeing red tonight after they were reportedly laid off and the firm’s Chicago office closed. It’s a sure sign that despite positive sentiment returning, the crypto bear market is still determined to shrink a few more businesses before it’s […]

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Bitcoin Miner Says Solar Energy Cuts Mining Costs By 75%

Market conditions and electricity costs have substantially lowered cryptocurrency mining profitability. As a result, big and small-scale cryptocurrency miners are forced to turn to renewable energy to reduce operational mining costs.  Future of Crypto Mining Lies in Solar Energy Cryptocurrency miners have been trying to lower their costs since the advent of Bitcoin (BTC). Now, […]

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More Staff Cuts Are Coming at Ethereum Studio ConsenSys

More Staff Cuts Are Coming at Ethereum Studio ConsenSys Ethereum venture studio ConsenSys is spinning out or cutting off funding for a number of its portfolio startups, or “spokes” in company parlance, three sources with knowledge of the situation tell CoinDesk. According to a report published Thursday by The Verge, roughly 50 percent of ConsenSys’ 1,200-person workforce could… […]

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