Tag: Blocked

It’s Small Business Week. And Democrats Blocked Effort to Reopen PPP.

It’s been 47 days since the closure of the Payment Protection Program, preventing small businesses for applying for CARES Act funding. House Small Business Committee Ranking Member Steve Chabot has a piece of legislation that would re-open the PPP to start funneling that money to businesses in desperate need during the pandemic. 

“Real people’s jobs continue to be in jeopardy through no fault of their own,” Chabot said on the House floor on Wednesday. “This is just unacceptable…This is unacceptable because small businesses play an outsized role in our economy.”

Nearly one out of every two people in this country are employed by small businesses, he explained. And small businesses create two out of every three new jobs. 

“We have an option before us today – this very day – if we defeat today’s previous question we can move directly to my legislation to re-open the Paycheck Protection Program,” the

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Bitmain Denied, Coinbase Blocked and a Potential EOS Exit Scam

Bitmain’s appeal to recoup $30 million in alleged lost revenues from Poolin has been denied, Digital Currency Group has acquired a retail-focused exchange and Venezuelan officials appear to have blocked access to Coinbase. 

Top shelf

Bitmain bust
A court in China has denied an appeal by bitcoin mining giant Bitmain seeking $30 million in damages from the three co-founders of Poolin, one of the world’s largest cryptocurrency mining pools, CoinDesk’s Wolfie Zhou reports. The mining giant Bitmain claims Poolin’s founding executive broke non-compete agreements in starting its BTC mining operations, leading to millions in lost revenue. While the Beijing No. 1 Intermediate People’s Court found Bitmain failed to provide sufficient evidence that its business losses equaled more than fines already imposed, it did agree to increase fines for Poolin’s co-founders. Bitmain originally sought $4.3 million in restitution when filing the suit in April 2019. Meanwhile, rival mining firm Canaan said

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