Cryptocurrency companies Bitmain and Huobi plan layoffs after Bitcoin’s fall

After the huge fall of value of cryptocurrencies in the last months, two of the crypto giants Bitmain and Huobi announced to cut jobs, following ConsenSys, which also made a similar announcement. It is...

Facebook building a cryptocurrency for WhatsApp

Rumours have been going around about Facebook seeking to develop a cryptocurrency for WhatsApp transfers. Apparently, the focus is on a stablecoin that will let users transfer money in the remittance market in India. There...

U.K. crypto holders can offset profits and reduce tax

The tax agency of U.K. (HMRC) has published a detailed explanation on December 19, about crypto assets, what they are, how individuals will be taxed and who can qualify as a cryptocurrency trader. This report...

“Blockchain Developer” becoming the top emerging job in the U.S.

According to the “LinkedIn 2018 Emerging Jobs Report” published on the 13th of December, blockchain developer is the top emerging job in the United States. The reason for this is the continuous interest in...

Only 2 Bitcoin mining rigs deemed profitable in December 2018

There has been a slew of bitcoin mining rigs announced during the last 12 months that claim to process more TH/s while consuming less energy. With the struggles of Bitcoin and the cryptocurrency market...

SEC postponing decision on VanEck/SolidX Bitcoin ETF

The decision on a Bitcoin exchange-traded fund has been postponed again by the United States Securities and Exchange Commision (SEC) according to an official document published on the 6th of December. Setting the new deadline...

Global network for investment funds Calastone to switch entire system to blockchain

Fintech company Calastone, an investment funds transaction network is going to switch its entire system to blockchain this May, according to a report from Reuters UK. Calastone is one of the largest global funds transaction...

Intel gets awarded patent for bitcoin mining processor that saves energy

Tech giant Intel was seeking to patent a hardware accelerator for bitcoin mining chips for the past year. They had reached in the application in September 2016. On the 27th of November, the U.S....

Kaspersky warning about botnets increasingly being used for crypto mining malware

A new report from Russian internet security company Kaspersky Labs states that crypto-focused malware which is easy to produce is increasingly being used. According to the bulletin from Kaspersky Labs, resources invested in the development...

Former USDT Market of Binance renamed to Combined Stablecoin Market

A big change that will impact the stablecoin market has been made by Binance, which renamed the Tether market (USDT), to Combined Stablecoin Market (USDⓈ). The major cryptocurrency exchange will allow the exchange to...