Tag: After

2 Swiss Banks Launch Cryptocurrency Trading and Custody After Gaining Regulatory Approval

2 Swiss Banks Launch Cryptocurrency Trading and Custody After Gaining Regulatory Approval Switzerland’s financial regulator, FINMA, has approved two Zurich-based banks to offer a range of cryptocurrency services, including trading and custody. Maerki Baumann Bank subsequently announced the launch of its trading platform for major cryptocurrencies while Incore Bank is […]

Trump Threatens to Close Down Social Media Platforms After Twitter Tampers With His Tweets

Trump Threatens to Close Down Social Media Platforms After Twitter Tampers With His Tweets A row with Twitter has provoked U.S. President Donald Trump to threaten to close down social media platforms. This follows Twitter tampering with Trump’s tweets to alert people to fact check his claims. Trump is further […]

IMF Predicts Banks Will Struggle at Least 5 More Years After Global Economy Recovers

IMF Predicts Banks Will Struggle at Least 5 More Years After Global Economy Recovers The International Monetary Fund (IMF) has predicted that banks will struggle to generate profits at least five years after the global economy recovers from the coronavirus-led economic crisis. The IMF explained that banks were struggling even […]

Bitcoin Futures, Options, and Open Interest: Crypto Derivatives Break Records After the Halving 

Bitcoin Futures, Options, and Open Interest: Crypto Derivatives Break Records After the Halving  Since the market rout on March 12, otherwise known as ‘Black Thursday,’ bitcoin futures and options contracts have seen significant demand. On May 14, CME Group saw the total number of outstanding derivatives contracts (open interest) touch […]

45 Older-Generation Bitcoin Miners Are Unprofitable After the Reward Halving

45 Older-Generation Bitcoin Miners Are Unprofitable After the Reward Halving On May 11, the Bitcoin network experienced its third block reward halving, which had chopped the 12.5 BTC reward to 6.25 coins following the event. It’s been close to a week later, and data stemming from mining rig profitability websites […]

Telegram Drops TON Cryptocurrency Project After US Prohibits Global Distribution

Telegram Drops TON Cryptocurrency Project After US Prohibits Global Distribution Popular messaging app Telegram has shut down its TON cryptocurrency project. Telegram founder Pavel Durov explains that a US court has stopped his TON project and prevented the gram cryptocurrency from being distributed to investors, not just in the US […]

2 Days After the Bitcoin Halving: Network ‘Remains Strong,’ Higher Fees, Bullish Sentiment

2 Days After the Bitcoin Halving: Network ‘Remains Strong,’ Higher Fees, Bullish Sentiment On May 11, 2020, the Bitcoin network completed it’s third block reward halving and the network seems to be chugging along just fine. However, it may take a while longer to see the halving’s effect on the […]

Up to 30% of Bitcoin Miners Close Shop as Business Turns Unprofitable After Halving

Up to 30% of Bitcoin Miners Close Shop as Business Turns Unprofitable After Halving About a third of Bitcoin (BTC) mining firms may already be switching off their machines as the business becomes unprofitable due to a reduction in mining rewards. The third Bitcoin halving – consummated earlier today – […]