Hive Criticizes Norwegian Government Amid Concession Cuts to Miners

Hive Blockchain Technologies has published an update regarding the company’s response to the Norwegian Parliament’s recent approval of a legislative bill that will restrict cryptocurrency miners from accessing the tax relief on electricity consumption available to other power-intensive industries. The release criticizes the government’s “unilateral” move to suspend the subsidy without consulting with representatives of…

Read more »

Coinbase cuts workforce after $8 billion valuation round: upcoming IPO’s growing pains?

Reports have emerged that Coinbase is cutting its workforce ahead of its IPO. This comes after the valuation for the company was pegged at a whopping $8 billion. The move was reportedly in order to centralize their customer support, compliance and fraud departments. Tina Bhatnagar, Coinbase’s new hire for management of customer service is said…

Read more »

eToro Cuts Crypto Costs to Support Mass Adoption

— Spread on bitcoin cut in half so clients keep more of their gains — eToro, the global investment platform with over ten million registered users, has announced a significant cut in spreads on cryptoassets as part of its ongoing efforts to increase awareness of the potential of crypto and blockchain more broadly. This move…

Read more »