Big Banks, Big Troubles: HSBC, Deutsche, Societe, and Citi Lay Off Thousands Worldwide
Aug09

Big Banks, Big Troubles: HSBC, Deutsche, Societe, and Citi Lay Off Thousands Worldwide

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 is preparing to shrink its trading staff slashing hundreds of jobs. They are joining other global brands in a wave of layoffs hitting the unstable...

Read More
Developers Reveal Sandbox Video Game Powered by Bitcoin Cash
Aug09

Developers Reveal Sandbox Video Game Powered by Bitcoin Cash

On August 7, developers from the team Block Hop announced a new sandbox game powered by the Bitcoin Cash (BCH) blockchain. The gaming software called Realmx is a “next-generation” game that uses blockchain technology, extensible crafted items, and online gaming to create unique experiences and gameplay. Also Read: SLP Developers Publish Specs for a Unique Type of Non-Fungible Tokens Developers Announce Realmx, an Online...

Read More
Indian Supreme Court Heard Crypto Case in Depth Today
Aug09

Indian Supreme Court Heard Crypto Case in Depth Today

The Indian supreme court finally heard the crypto case today after postponing it several times. The court addressed the government’s crypto policy as well as the writ petitions challenging the banking restriction by the central bank. The latter was heard in some detail while the former was further delayed at the request of the government. Also read: G20 Leaders Issue Declaration on Crypto Assets – A Look at Their...

Read More
Owning Fiat Just Got More Expensive – NIRP Strikes Again
Aug09

Owning Fiat Just Got More Expensive – NIRP Strikes Again

With the recent Union Bank of Switzerland (UBS) announcement that even more customers will be charged to hold money in their banks, people are scrambling to find ways to preserve their wealth, while USB and others scramble to dam the losses resulting from national negative interest rate policy (NIRP). The relatively recent experiments with NIRP worldwide, combined with ongoing trade wars, have many concerned, and some running to hedge...

Read More
Torrent Mogul YTS is Being Sued By Yet Another Movie Company
Aug09

Torrent Mogul YTS is Being Sued By Yet Another Movie Company

This week many avid torrenters were taken by surprise when two of the largest pirate sites stopped adding fresh content. Both EZTV.io and YTS.lt didn’t have any new torrents for several days. This unusual hiatus, which eventually ended a few hours ago, remains unexplained thus far. While some were ready to call the end of the sites, it’s more likely that they were hit by some kind of technical hiccup. However, that...

Read More