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Biggest Layoffs in US Banking History: Analyst Predicts Banks to Cut 200,000 Jobs – News Bitcoin News

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A Wells Fargo analyst has predicted the largest “reduction in U.S. bank headcount in history.” Banks are expected to cut 200,000 jobs as they strive to improve productivity and efficiency amid rising competition from fintech and non-bank financial institutions. US Read More

Ethereum’s Q1 Stats Report Highlights Blockchain’s ‘Ultra Sound’ Financial Growth in 2021 – Finance Bitcoin News

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During the first three months of 2021, the cryptocurrency ethereum has shined as 90-day statistics highlight the digital asset has climbed close to 80% in value. On Monday, former Ark Invest analyst James Wang published a detailed summary highlighting the Read More

Global Payments and GoCrypto Shape the New Era of Payments – Press release Bitcoin News

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press release PRESS RELEASE. 17 May 2021 – The adoption of crypto payments by one of the world’s biggest payment solution providers can mean only one thing. Cryptocurrency payments are now on the verge of going mainstream. GoCrypto, a payment Read More

Bitcoin Stock-to-Flow Still ‘Intact’ Says Creator, Crypto Fear Index Taps 12-Month Low – Market Updates Bitcoin News

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The leading cryptocurrency bitcoin has dropped 20% in value after Tesla announced on May 12, the electric car firm would not be accepting bitcoin for purchases. Two days later, the creator of the notorious stock-to-flow cross-asset (S2FX) price model, Plan Read More

Crypto Miners Using Household Electricity Face Fines as Consumption Spikes in Iran – Mining Bitcoin News

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Those who mine cryptocurrencies with power intended for domestic use will pay hefty fines, the Iranian government warned. The country is experiencing shortages due to reduced hydropower generation as authorities register a surge in electricity consumption for cryptocurrency mining. Crypto Read More

Kenya Based Technology Firm Switches to Pancakeswap, Cites High Gas Fees on Uniswap – Altcoins Bitcoin News

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In its bid to help users avoid high gas fees on Uniswap, a Kenya-based fintech firm, UTU, recently launched a liquidity pool on the decentralized exchange (dex), Pancakeswap. This launch enables prospective UTU coin buyers to acquire the token “with Read More

Shiba Inu Crypto Investors Turn Multimillionaires After Almost Jobless, Relying on Stimulus Checks – Featured Bitcoin News

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Two brothers have shared the story of how they became millionaires after investing in Shiba Inu, the cryptocurrency nicknamed “dogecoin killer,” for just under two months. Before the investment, the covid-19 pandemic almost killed their business, and the government’s stimulus Read More

Report: ASIC Giant Bitmain Pre-Orders 5nm Chips Produced by TSMC’s N5 Process – Mining Bitcoin News

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Bitmain, one of the largest application-specific integrated circuit (ASIC) manufacturers in the world, is reportedly working with the Taiwan Semiconductor Manufacturing Company (TSMC) in order to leverage TSMC’s 5nm semiconductors. Industry sources say that the 5nm chips being created for Read More

Mark Cuban to Elon Musk: Accepting Bitcoin Will Actually Benefit the Environment – Featured Bitcoin News

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Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, has made an argument that accepting cryptocurrencies, including bitcoin, will actually help the environment. He told Elon Musk, whose electric car company Tesla has suspended accepting Read More

John Lennon’s Son Defends Bitcoin- Musician Highlights Carbon Footprint Tied to Consumerism – Bitcoin News

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Over the course of the last week, the concern tied to the environmental impact bitcoin mining produces continues to be a very topical discussion. On May 14, the musician and activist, Sean Ono Lennon, the son of John Lennon and Read More

Cobie Livestream Raises $800,000 in Crypto to Pay Child’s Cancer Treatment – Bitcoin News

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Cobie, the host of the Uponly podcast and a popular crypto Twitter personality, bolstered a fundraising session for John Oliver, a six-year-old kid that is currently battling leukemia. The initiative was quite successful, getting the attention of the likes of Read More

Major Music Festival Exit Takes Bitcoin for Tickets – Featured Bitcoin News

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A popular international music festival, Exit, is now accepting cryptocurrency for tickets, products, and services. This year’s 20th-anniversary edition of the European event will be held in early summer and the festival’s online store already offers discounts for impatient music Read More

Bridgewater Associates’ Ray Dalio Warns Crypto’s Success Could Bring Tough Regulation – Regulation Bitcoin News

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Bridgewater Associates founder Ray Dalio has warned that cryptocurrency’s biggest risk is its own success. He explained that it could attract regulators to come down tough on the crypto industry because “as a storehold of wealth no government wants to Read More

Chinese Police Return Bitcoin to Victim in 3 Million Yuan Theft Case – Featured Bitcoin News

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Police in China’s Jiangxi province have reportedly recovered bitcoins stolen from a victim and returned them to the owner. The case involves the theft of 8.236 bitcoins, worth approximately 3 million yuan. Police Return Bitcoin to Theft Victim Police in Read More

Southeast Asia’s Largest Bank DBS Launches Trust Service for Cryptocurrencies – News Bitcoin News

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DBS Group, Southeast Asia’s largest bank, has launched a trust service for cryptocurrencies for its private banking clients. The service allows clients to invest, store, and manage their cryptocurrencies in a safe, secure, and structured manner, the bank explained. DBS’ Read More

Chinese Investors File Lawsuit Against US-Based Alleged Crypto Fraudster Who Promised $200,000 Profits per Day – News Bitcoin News

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A group of Chinese investors has filed a lawsuit against an alleged crypto fraudster based in New York, United States, who ran a Wechat group where he handled the scheme. The scammer reportedly promoted the bogus investment opportunity by promising Read More

Bank of Korea to Monitor Crypto Transactions Using Financial Records – Regulation Bitcoin News

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South Korea’s monetary policy regulator, Bank of Korea, plans to obtain documents from financial institutions to track crypto transactions involving bank accounts. Cryptocurrency prices fluctuate independently from the real economy, the bank says, adding that market growth could pose a Read More

Low Energy Proof-of-Work: Bitcoin Improvement Proposal Wants to Change Network’s Algorithm – Mining Bitcoin News

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The most topical conversation in the world of cryptocurrencies right now is the effects of bitcoin mining on the global environment after Elon Musk heated up the conversation. Following the recent Tesla announcement, the cofounder of Siphox and Powx, Michael Read More