Mastercard Inc Plans Major Staff Change, Over 1000 Jobs Hit
Mastercard Inc is restructuring to concentrate on growth sectors and reduce operating costs, eliminating approximately 1,000 positions or 3% of its workforce. A representative from Mastercard Inc. has announced that the company will be terminating approximately 1,000 employees, which equates to 3% of its workforce. This decision is a component of a broader reorganization of […]
Franklin Templeton Moves For Bitcoin, Ether Crypto Index ETF
Franklin Templeton plans to introduce a Crypto Index ETF that will initially invest in Bitcoin and Ethereum to solidify its market position further. American financial asset manager Franklin Templeton has applied to the United States Securities and Exchange Commission (SEC) to establish a Crypto Index ETF. Bitcoin and Ethereum, the two products it presently manages […]
ZachXBT Says 21 North Korea Crypto Devs Make $500K/Month
ZachXBT, an Onchain investigator, asserts that he has identified a network of North Korean devs developing numerous crypto projects. ZachXBT, a blockchain investigator, has discovered evidence of a sophisticated network of North Korean developers who earn as much as $500,000 per month by working for “established” crypto projects. ZachXBT, in an Aug. 15 post on […]
IMF execs Propose To Raise Crypto Mining Energy Cost by 85%
Two International Monetary Fund (IMF) executives have stated that increasing the average global cost of Crypto Mining electricity to 85% could reduce carbon emissions. The IMF Fiscal Affairs Department’s deputy division chief Shafik Hebous and climate policy division economist Nate Vernon-Lin wrote on Aug. 15 that a tax of $0.047 per kilowatt hour “would encourage […]
Bitcoin Miners Raise $2.2B As Cash Flow Crisis Intensifies
Following the Bitcoin halving, public Bitcoin miners use debt financing to increase their cash flow as the crisis intensifies. In the second quarter of 2024, nine of the 13 Bitcoin miners listed in the United States raised capital through stock offers.In the second quarter of 2024, nine out of the 13 United States-listed companies raised […]