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April Fool’s: Vitalik Buterin Pranks Ethereum, Trolls Tron with ‘Meta’ EIP

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April Fool’s: Vitalik Buterin Pranks Ethereum, Trolls Tron with ‘Meta’ EIP

Ethereum creator Vitalik Buterin has formally proposed implementing a currency cap into the cryptocurrency network’s next hard fork that alters block reward distributions — well, sort of. Vitalik Buterin Proposes 120 Million ETH Hard Cap Writing on GitHub, Buterin laid out an argument for phasing out Ethereum’s inflation rate by capping the max ETH supply … Continued

The post April Fool’s: Vitalik Buterin Pranks Ethereum, Trolls Tron with ‘Meta’ EIP appeared first on CCN

To Russia with bitcoin: Hotels Will Accept Cryptocurrency During the World Cup

The world’s biggest sporting event is just a few months away and fans are flocking to online websites to book their seats in Russia. Luckily for crypto users, Kaliningrad, one of the cities hosting the matches, is now offering cryptocurrency payments for hotel rooms. Buying Business Travel Russia reported that Apartments Malina has teamed up with … Continued

The post To Russia with Bitcoin: Hotels Will Accept Cryptocurrency During the World Cup appeared first on CCN

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Commercial Bankruptcies Spike, Consumer Bankruptcies Jump for First Time since 2010, but Don’t Blame the Oil Bust

Wolf Street

wolfstreet.com / by Wolf Richter • Apr 8, 2017 

The Great Debt Unwind, right here, right now.

Commercial bankruptcy filings, from corporations to sole proprietorships, spiked 28% in March from February, the largest month-to-month move in the data series of the American Bankruptcy Institute going back to 2012. They’re up 8% year-over-year. Over the past 24 months, they soared 37%! At 3,658, they’re at the highest level for any March since 2013.

Commercial bankruptcy filings skyrocketed during the Financial Crisis and peaked in March 2010 at 9,004. Then they fell sharply until they reached their low point in October 2015. November 2015 was the turning point, when for the first time since March 2010, commercial bankruptcy filings rose year-over-year.

Bankruptcy filings are highly seasonal, reaching their annual lows in December and January. Then they rise into tax season, peak in March or April, and zigzag lower for the remainder of the year. The data is not seasonally or otherwise adjusted – one of the raw and unvarnished measures of how businesses are faring in the economy.

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The post Commercial Bankruptcies Spike, Consumer Bankruptcies Jump for First Time since 2010, but Don’t Blame the Oil Bust appeared first on Silver For The People.

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_MG_1426By Philip McMaster PeacePlusOne_!/ on 2014-04-12 13:57:39

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