Bacau-based Barleta plant, which manufactures paper bags for major supermarket chains, fast food networks or bakery producers, will bring workforce from India to offset the shortage of labor in production.
Crypto banking group Sygnum says it doesn’t expect Solana to beat Ethereum in the medium term, partly due to the blockchain’s revenues being too tied to memecoins. Solana has yet to show convincing signs that it could surpass Ethereum as the preferred blockchain for institutions, as its revenue, heavily reliant on memecoins, is considered unstable, according to crypto bank group Sygnum. In a May 8 blog post, Sygnum said that the current sentiment around Ethereum “remains poor,” with the market focused on Solana’s “transaction volumes and its recent dominance in fee generation.” However, Sygnum said “the medium-term outlook will primarily be shaped by traditional financial institutions’ platform choices to bring their product offerings,” not by sentiment. Read more
Diners will soon be able to pay for their steaks with satoshis at the American fast food outlet. American fast food outlet Steak ‘n Shake has announced it will begin accepting Bitcoin as payment at all locations starting on May 16. The firm said on X on May 9 that it was making the cryptocurrency available to more than 100 million customers, adding that “the movement is just beginning,” before signing off as “Steaktoshi.” “Our goal is to utilize Bitcoin at all locations, including all international units. Each country will announce its own launch date,” Steak ‘n Shake Chief Operations Officer Dan Edwards told Cointelegraph. Read more