Anticipating US downturn, Elon Musk details Tesla staff cuts

Anticipating US downturn, Elon Musk details Tesla staff cuts

Tesla CEO Elon Musk said there were unresolved issues with the Twitter deal, including the debt portion of the deal and the number of spam users.ALY SONG/Reuters Elon Musk, CEO of Tesla, said a 10% cut in salaried staff at the electric car maker will happen over three months, as the world’s richest man predicted … Read more

Kremlin in ‘discussions’ to peg ruble to gold, but Russia’s central bank rejects the idea

Kremlin in ‘discussions’ to peg ruble to gold, but Russia’s central bank rejects the idea

(Kitco News) Russia is currently in discussions to peg the ruble to gold, according to the Kremlin. But the idea was dismissed by Bank of Russia Governor Elvira Nabiullina following Kremlin’s comments. The Russian government appears to be seriously considering backing Russian rubble with gold, at least according to President Vladimir Putin’s spokesman Dmitry Peskov. … Read more

Second country adopts Bitcoin as legal tender

Second country adopts Bitcoin as legal tender

(Kitco News) Following El Salvador’s footsteps, the Central African Republic adopted Bitcoin as its official currency. Bitcoin was made legal tender after lawmakers voted unanimously to pass the bill legalizing the world’s largest cryptocurrency and other cryptos, according to a statement signed by Obed Namsio, chief of staff of President Faustin-Archange Touadera. Now Bitcoin can … Read more

Facebook Still Wants to Launch Zuck Bucks Digital Currency

Facebook Still Wants to Launch Zuck Bucks Digital Currency

Rep. Brad Sherman, a Democrat from California, projects a satirical image while grilling a Facebook exec during a House Financial Services Committee hearing on the company’s proposed cryptocurrency on July 17, 2019.Photo: Andrew Harnik (PA) Meta, the parent company of Facebook, is still planning to create a digital currency, according to a new report from … Read more