A year on, El Salvador’s bitcoin experiment is stumbling

CONCHAGUA, El Salvador, Sept 7 (Reuters) – A year after El Salvador adopted bitcoin as legal tender, the area where the world’s first cryptocurrency city was meant to be built – a circular metropolis powered by a volcano – is still dense jungle. President Nayib Bukele had promised that “Bitcoin City” would be a tax … Read more

Crypto hedge fund Three Arrows Capital considers asset sales, bailout – WSJ

June 17 (Reuters) – Cryptocurrency hedge fund Three Arrows Capital Ltd is exploring options, including the sale of assets and a bailout by another firm, the Wall Street Journal reported on Friday. The crypto market has suffered heavy losses, with companies such as Coinbase (COIN.O), Gemini, Blockfi and Crypto.com laying off thousands of employees, as … Read more

Intel freezes hiring in PC chip division for at least two weeks

The Intel Corporation logo is seen at a temporary office during the World Economic Forum 2022 (WEF) in the Alpine resort of Davos, Switzerland May 25, 2022. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register June 8 (Reuters) – Intel Corp (INTC.O) has frozen hiring in the division responsible for PC desktop … Read more