Coronavirus Forces Riot Blockchain to Move Bitcoin Mining Units to New York

The majority of Bitcoin mining firms expected very little impact due tot he coronavirus crisis. Fast forward to today, and Riot Blockchain is effectively cutting costs by moving hardware to a different location. Riot Blockchain is one of the many companies engaged in Bitcoin mining as a business. Coronavirus Crisis Forces Riot Blockchain’s Hand While their … Read more

IMF Predicts Worst Global Crisis Since Great Depression, Costing $9 Trillion

The International Monetary Fund (IMF) said the world’s current economic crisis is the worst downturn since the Great Depression, and no country is spared. The IMF estimates that the cumulative loss to global GDP from the pandemic could be around 9 trillion dollars. Also read: IMF Declares Global Recession, 80 Countries Request Help, Trillions of … Read more

Chinese Blockchain Firm Gets Blacklisted for Exporting Problematic Coronavirus Face Masks

Many blockchain firms and projects try to gain relevance during the coronavirus crisis. One blockchain firm in China can no longer sell medical supplies by order of the government. Companies are scrambling to play their part during the coronavirus pandemic. Blockchain Firm in China Gets Blacklisted That is often much easier said than done, however. … Read more