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# steem News

November 29, 2018 by at Altcoins, Blockchain, Finance, News, Platform, Tech
Steemit, a decentralized social media platform has laid off 70 percent of its staff due to the prolonged bearish cryptocurrency market. According to a Youtube video posted on November 29, 2018, Ned Scott, the CEO of Steemit mentioned that the company will prioritize a restructuring and undergo further cost reduction...
A pioneering exhibition that recently took place in New York may hold the key to envisioning the future of blockchain technology as more than just a framework for cryptocurrencies. Many are convinced that it could operate as a tool for opening entirely new opportunities for everyone from content creators to...
The SteemWhale is a recently deployed fountain in the form of a life-sized sperm whale located in the North of Netherlands. It is currently a part of the eleven fountains project dedicated to saving the lives of whales. Now, users can donate Steem tokens and see the whale “squirt” on...
Steemit has recently announced that they have surpassed 1,000,000 users. The content platform is also ecstatic with the user activity the platform is receiving, regarding transactions over a 24 hour period, daily visitors, and unique accounts. Steemit Has More Transactions Than All Other Crypto’s The Steem (STEEM) blockchain now processes...
China publically issued the world's first government-issued blockchain and cryptocurrency ratings on May 17, 2018. The development is the first in a series of steps planned by Beijing to regulate the burgeoning digital asset class. Ethereum at Number One, Bitcoin at Number 13 According to a report on a website...
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