Revolut Confirms Firing 62 Employees in the Wake of Coronavirus

Revolut fired a number of employees since the coronavirus outbreak began, according to a story from Wired. The European fintech company responded with a statement on the numbers and rationale. “As in many companies, COVID-19 necessitated cost cutting across our business and, in the last resort, we made 62 redundancies globally, representing less than 3% of our staff,” a Revolut spokesperson told Cointelegraph on June 5.  Revolut allegedly asked staff to quit   Job redundancy refers to a certain title or position that companies determine as obsolete or no longer necessary,…

Revolut Reportedly Fires Dozens of Employees for Coronavirus Cost-Saving Reasons

In an effort to trim expenses, European fintech outfit Revolut has allegedly urged employees to leave, according to staff interviewed by Wired. “Some of the employees allegedly pressured to leave have been left stranded in a foreign country without a job or health insurance in the middle of a pandemic,” describes author Emiliano Mellino, collecting stories from multiple Revolut employees. The company reportedly staffed a great number of employees at multiple locations around the world — Krakow, Poland in particular. The Wired report also notes: “While the Polish government has…

Coronavirus Lockdown Boosts Bitcoin Trading in Russia

On June 4, a new study performed by a number of Russia-based crypto exchanges revealed a significant rise in Bitcoin (BTC) trading across Russia since March amid the COVID-19 lockdown. As RBC reports, representatives from the Russian offices of exchanges like Binance, Garantex, and EXMO, highlighted the growth in the number of users in Russia. This number is relative to the increase in trading volumes from March until June. Boost in registrations from Russia users Gleb Kostarev, head of the representative office of Binance in Russia, explained that the number…

Debate Over Digital Privacy Amid Coronavirus Pandemic Remains ‘Archaic’

With some countries beginning to lift lockdown restrictions amid the coronavirus pandemic, many are focusing attention on the technological tools that can help public authorities to comply with the World Health Organization’s guidance for COVID-19 suppression —- “test, trace, isolate.”  This mantra has become all the more resonant in light of the apparent failure of multiple states to implement contact-tracing measures successfully early on in the crisis.  Amid the belated scramble to develop solutions that can safely enable the resumption of some aspects of social and economic life, the debate…

Bitcoin May Thrive Despite Coronavirus

The CEO and co-founder of Bitcoin (BTC) investment app Amber, Aleks Svetski, said he thinks the COVID-19 pandemic has bolstered Bitcoin awareness.  “COVID was one of the best marketing campaigns for Bitcoin in history,” Svetski told Morgan Creek Digital co-founder Anthony Pompliano in a May 13 podcast episode.  Coronavirus has caused global uncertainty Since taking center stage as an official pandemic in 2020, governmental coronavirus prevention actions have caused business slowdowns, rising unemployment numbers, and falling markets. The U.S. government has taken several measures to right the sinking economy, including various…

Fed Chair Blames Coronavirus, Not ‘Usual Suspects’ for Crashed Economy

The worst recession since World War Two and its fallout was not the fault of the fiat money system, according to the chairman of the United States Federal Reserve. In a televised address on May 13, Jerome Powell said that for all the damage done to the U.S. and global economy this year, the culprit was coronavirus — not governments or central banks. Powell: “No bubble, no unsustainable boom” “The current downturn is unique in that it is attributable to the virus and the steps taken to limit its fallout,”…

Coronavirus Takes Toll on Bitcoin Halving, but Pandemic Won’t Steal the Show

Normally, little is unexpected concerning the regular, pre-programmed adjustment of the Bitcoin network’s mining reward size, otherwise known as halving. Baked into the digital currency’s original protocol, the anti-inflationary mechanism gets triggered once every 210,000 blocks mined — or roughly every four years — providing all the interested parties with ample notice and time to buckle up. Throughout Bitcoin’s (BTC) rather short history, halvings invariably foreshadowed massive rallies in crypto markets. The upcoming event, however, is unprecedented, as it will take place in the middle of a crisis that has…

Five Things to Do Other Than Worry About Coronavirus and Bitcoin Price

Let’s face it: Whether you’re an avid crypto enthusiast or just mildly interested in this blooming industry, chances are you’ve read, seen or heard more stories about the coronavirus and the Bitcoin (BTC) halving than you’d probably like to.  In all fairness, the coronavirus led to the world has collectively agreeing to press pause in an unprecedented manner, so the fact that a global pandemic happens to be taking place around the same time as the most important event in crypto means that full-on, 24/7 media coverage is to be…

Dow Rockets after Japanese Coronavirus Antibody Breakthrough

The Dow Jones Industrial Average (DJIA) jumped higher on Thursday. Another coronavirus treatment breakthrough comes from Japan’s Kao Corporation and Kitasato University. China’s export numbers defied expectations to rise 3.5% in April, bolstering investor sentiment. The U.S. stock market is back in risk-on mode today, with the Dow Jones Industrial Average (DJIA) rocketing around 300 points higher during the morning session. The move comes as yet another promising coronavirus treatment was announced overnight. Researchers at Kitasato University and Kao Corporation revealed a new antibody that ‘neutralizes’ the coronavirus in a…

Coronavirus Researcher Killed In Murder-Suicide Is Latest Suspicious Death. What’s Going On?

Coronavirus researcher Bing Liu, 37, died by murder-suicide. Liu is not the first scientist who died in strange circumstances. Are their deaths a sign of a bigger cover-up? Coronavirus researcher Bing Liu, 37, died by murder-suicide on Tuesday. Liu, who was an assistant professor at the University of Pittsburgh School of Medicine, was reportedly on the verge of making “significant findings” about the disease before he was found shot dead in his home. Strangely, however, Liu’s murderer’s name was not disclosed in a news story about his death. All we…