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Many women’s toiletries do cost more than men’s — and their mortgages might too, report finds

August 25, 2018 |

The “pink tax” is real: Many products aimed at women cost more than the versions men are supposed to buy — and women might also be paying more for gender-neutral things such as mortgages, according to a new report by the Government Accountability Office.

The report found that, in five cases out…


L.A. Times – Business

Cheesecake Factory grapples with the cost of workers’ rising wages

August 22, 2018 |

The rising minimum wage is a welcome development for hourly workers, but it carries a price for employers and consumers. Case in point: Cheesecake Factory Inc.

The casual-dining chain saw its stock plunge 12% on Aug. 1 — its worst daily drop in a decade — after Cheesecake Factory posted disappointing…


L.A. Times – Business

Developing an ICO Project in Russia Can Cost as Little as $1,500

August 17, 2018 |

Developing an ICO Project in Russia Can Cost as Little as $  1,500

The average cost to develop an ICO project in Russia is hovering around $ 18,000 USD but the price can go down to as little as $ 1,500, according to a study that explores the market for such services. The hourly rate for a blockchain developer is averaging a little over $ 44, the authors found after surveying 60 companies.  

Also read: Malta Tops Exchange-Based Crypto Trade, Russia Leads in OTC Volume

Elaborate Projects Can Reach $ 50,000 USD

Developing an ICO Project in Russia Can Cost as Little as $  1,500If you’ve ever wondered how much it would cost to create a project to raise funds through an Initial Coin Offering (ICO), a Russian rating agency focused on the web development sector has prepared an estimate that you may find interesting. True, it’s based on what’s currently offered in Russia but in the global village, and especially in the crypto space, outsourcing shouldn’t be a problem.

According to the study conducted by Ratingratingov.ru, the development of an ICO project in Russia costs between 100,000 rubles (~$ 1,500) and 3.3 million rubles (~$ 50,000 USD), Insider Pro reported. The agency has contacted 60 companies working in the field to collect and summarize pricing and other data and listed the top 15 firms offering this type of services in the local market.

The researchers found that the average price tag for these orders, the blockchain and web development part, is 1.2 million rubles (almost $ 18,000), not counting marketing and legal expenses. At the same time, a blockchain programmer makes over 2,990 rubles (~$ 44 USD) an hour, a wage that far exceeds the remuneration of most Russian employees. The median monthly salary in the country is about 42,000 rubles, or $ 660 dollars.

Developing an ICO Project in Russia Can Cost as Little as $  1,500The companies in the survey have been ranked using a formula that assesses the size and quality of their portfolio and the experience of their teams. The number of successful projects, team members, and years of market presence are all taken into account.

Size Matters When It Comes to ICO Development in Russia

The compiled data shows that size does matter in this business in Russia. The first two firms in the chart, Smartym Pro and Ruformat, each have between 30 and 50 employees and are operating since 2008 and 2012 respectively. The next two, Zerion and Axioma Group, have hired between 10 and 30 professionals and are in the market since 2016 and 2009.

Companies failing to meet a set of criteria, like those that do not specialize precisely in blockchain development and ICOs, don’t have a portfolio with linked projects published on their website, are not included in the shortlist prepared by the agency.

Developing an ICO Project in Russia Can Cost as Little as $  1,500

Ratingratingov’s, well, rating has been published after in July the Russian Association of Cryptocurrencies and Blockchain (RACIB) announced a whitelist of businesses offering crypto-related products and services. It is available on the association’s website.

RACIB considers crowdfunding through coin offerings a promising industry that can potentially bring substantial foreign capital to Russia. It has been pushing for the adoption of favorable regulations along its efforts to cleanse the sector of fraudulent enterprises. The Russian State Duma is expected to review the revamped draft crypto legislation during its fall session.

According to a recent study, the Russian Federation has hosted six of the top 100 ICO projects. Another report published earlier this year claims that startups with Russian participation have already raised $ 310 million USD.

What’s your opinion about the costs of developing an ICO project in Russia? Share your thoughts on the subject in the comments section below.


Images courtesy of Shutterstock, Ratingratingov.ru.


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The post Developing an ICO Project in Russia Can Cost as Little as $ 1,500 appeared first on Bitcoin News.

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Anonymous Officials Say Trump’s Military Parade Will Cost $92M

August 16, 2018 |

The Veterans Day military parade President Trump ordered in February has been controversial from the start, with critics wondering if Trump was trolling the nation , the Pentagon saying the tanks Trump wanted couldn’t be involved , and the Office of Management and Budget warning the whole thing could cost millions . And…
Newser

Boris Johnson’s Burka Insults May Cost Him Party Post

August 9, 2018 |

Former British foreign secretary Boris Johnson is in hot water—and at risk of losing his status as Conservative Party whip—over his comments about burkas. In a Telegraph op-ed, Johnson argued the face-covering veil shouldn’t be banned in Britain as it is in Denmark , but had unkind words for…
Newser

Northrop CEO tells Congress cost overruns for new space telescope should not be paid by company

July 26, 2018 |

Northrop Grumman Corp.’s chief executive acknowledged Thursday that the company contributed to launch delays for a next-generation successor to the Hubble Space Telescope, but he balked at a suggestion during a congressional hearing that the defense giant pay for the cost overruns itself.

The exchange…


L.A. Times – Business

Cruz: Scalia’s Death May Have Cost Clinton the Presidency

June 28, 2018 |

Justice Anthony Kennedy’s announcement that he will retire, giving President Trump a second Supreme Court pick , has set off a flurry of debate about the direction of the court. If Kennedy, a swing voter, is replaced by a strongly conservative justice, that justice could shape the court’s decisions for decades…
Newser

‘Womp Womp’ Has Cost Lewandowski Speaking Gigs

June 22, 2018 |

Corey Lewandowski has been dropped by one of Washington DC’s top speakers bureaus, days after he said “Womp womp” while a fellow Fox guest talked about a 10-year-old girl with Down syndrome who had been separated from her mother. Leading Authorities Inc. books speakers for engagement that can pay up…
Newser