Frankfurt
Bitcoin nodes data: Frankfurt houses the largest city-wide network
While the United States holds the biggest share of Bitcoin (BTC) hash rate contribution and ATM network, the city hosting the most reachable Bitcoin nodes — a crucial pillar of the Bitcoin network — is Frankfurt, Germany. Cast your vote now! Bitcoin nodes are a distributed network of computers that run the Bitcoin software and accept a set of proof-of-work (PoW) consensus rules to validate and broadcast transactions on the blockchain. Of the 43,706 nodes hosted across 134 countries, the U.S. hosts 9,999 (30.53%), while Germany ranks second with 4,529 (13.83%) nodes, according to data from Bitnodes. List of top 10 countries with most number of Bitcoin nodes. Source: Bitnodes However, when it comes to the contribution of individual cities, Frankfurt was found to host the largest nu...
Crypto startup to save iconic fiat money sculpture with 1M euros in funding
The paths of traditional finance and the cryptocurrency industry have intersected again, with a crypto startup coming to save the iconic “Euro-Skulptur” monument in Frankfurt. Frankfurt-based crypto startup Caiz Development will provide 1 million euros, or about $961,000, in funding over the next five years to rescue the famous sculpture depicting the symbol for the Euro. Announcing the news on Tuesday, Caiz said that the firm saw a good marketing opportunity in supporting the sculpture by obtaining unique exposure. Through the funding, the firm was able to put its product board next to the 14-meter-high art installation bearing 12 yellow stars, which represent the original members of the currency union. Euro monument and Caiz’s marketing program. Source: Caiz Development The iconic euro s...
Germany to close most shops from December 16-January 10 – draft proposal
Germany is planning to close most shops from Wednesday until Jan. 10 as it tightens coronavirus restrictions and tries to rein in the spread of the disease, according to a draft government proposal seen by Reuters on Sunday. The draft was prepared head of a meeting later in the day between Chancellor Angela Merkel and state leaders. She has favoured stricter pan-German measures but was previously unable to get agreement from the nation’s 16 states. However, some states have since clamped down on their own, and momentum supporting stricter harmonized measures has been building. The draft proposal would allow only essential shops such as supermarkets and pharmacies, as well as banks, to remain open. Schools will also be basically closed during the period, and employers will be asked to close...
Oil prices slide in lockdown-driven rout
Oil prices dived Thursday on demand fears as more nations go into lockdown to staunch the spread of the coronavirus, while stock prices attempted a modest rebound. Both main oil contracts fell five percent for part of the day before clawing back some of their losses, extending this week’s meltdown to plumb four-month lows on virus-driven demand fears. “The new lockdowns have since yesterday caused a carnage in the oil market,” said Bjornar Tonhaugen, head of oil markets at Rystad Energy. “Oil demand will lose ground as a result of the new lockdowns… Prices now naturally decline on this grim prospect,” he added. The drop in oil prices will increase the pain on oil companies. Exxon Mobil announced Thursday it was eliminating 1,900 US jobs as part of a cost-cutting drive necessitated in part ...
La Liga congratulates Bundesliga ahead football league return
The Spanish La Liga has congratulated Germany’s Bundesliga for announcing its imminent return as Spain’s top-flight stepped up its own comeback preparations. The Bundesliga was given the green light to resume later this month when chancellor Angela Merkel made the announcement during a news conference on Wednesday. Strict testing and matchday procedures will be put in place by the German government, with football seemingly set to resume on May 15 having been paused in mid-March. LaLiga outlined its own plan for a staggered return to training on Monday, with teams set to begin individual work this week before gradually moving to group sessions, the ultimate aim being to re-commence the 2019-20 season in June. Spanish clubs began testing players for COVID-19 on Tuesday and LaLiga sees the Bu...
