Calm Down Internet, BTC-e is Not About to Be Shutdown
Picture via www.freestock.ca. Update: BTC-e has increased fees on withdrawals to fiat. Update #2: Looks like we were right for the wrong reasons. The original source for the story is reporting that their website was hacked. A report out of Russia has some of the Bitcoin community worried because it mentions BTC-e and how it could be facilitating money laundering for terrorists. Let's get right to the facts: The report is talking about blocking the BTC-e website in Russia. The website would be blocked under a new Russian law that allows the government to block certain websites associated....
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The loss due to internet shutdowns last year is estimated to be $2.4 bln. While internet access is taken for granted in today's connected world, various governments across the world have imposed internet shutdowns. Costly Government Intervention. According to research by The Center for Technology Innovation at Brookings, shutdown of the internet, primarily short-term, by governments have caused an estimated loss of $2.4 bln last year due to loss of economic activity alone. If the secondary impact such as loss of investors, consumer confidence, taxes, etc. of internet shutdowns is....
As Americans wait to hear if they will receive second stimulus checks, lawmakers are scrambling to avert the looming government shutdown. A spending bill, which could include some stimulus measures, must be passed before the Dec. 11 deadline to avoid the shutdown. Stimulus Payments Affected by Government Shutdown As U.S. lawmakers continue their stimulus negotiations, including providing Americans with the second round of direct payments, the government is facing a shutdown, which could be prevented if lawmakers can pass a spending bill before the Dec. 11 deadline. Congress returned to....
The US government shutdown has significantly slowed operations across various federal agencies, including the Securities and Exchange Commission (SEC), which was expected to begin the approval process for long-awaited spot crypto ETFs. For the fourth consecutive time, spending proposals intended to reopen the government have been rejected by lawmakers from both parties, pushing the shutdown […]
Nigerians are protesting police corruption and concerns about a possible internet shutdown have driven some to adopt decentralized VPNs like Mysterium.
The U.S. government officially entered a shutdown at 12:01 a.m. ET, and markets, including crypto, immediately recalibrated in response to uncertainty. U.S. equity futures slipped, the dollar extended its losing streak, and gold punched to fresh records near $3,875/oz as investors sought safety. Related Reading: Ethereum Usage Skyrockets With Unprecedented Daily Transaction Growth Amid Market […]