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Nalezeno "cuts": 454

Jack Dorsey’s Block Inc. Initiates Layoffs to Reach 12,000 Employee Cap

31.1.2024
Block Inc., led by Jack Dorsey, has started implementing job cuts in a bid to reduce its workforce by the end of the year. According to a recent report by Business Insider, Block has commenced a gradual reduction of its workforce, aiming to decrease its current staff count of approximately 13,000...

Invesco Cuts Bitcoin ETF Fee In a Bid to Lure Investors

29.1.2024
The index provider previously had one of the highest fees of 0.39% for its bitcoin ETF

Microsoft Cuts Nearly 2,000 Video Game Workers' Jobs

25.1.2024
Another day, another layoff. This time, the staff cuts are happening at Microsoft, with IGN reporting that nearly 2,000 employees at the Xbox maker were let go.Read more

UBS Predicts Gold Prices Will Rise 10% in 2024 Amidst Fed Policy Pivot

24.1.2024
UBS, a financial services company, predicts that 2024 will be fruitful for gold, forecasting a price increase of 10% over current market prices. According to UBS analysts, this price increase will be powered by a pivot in the current policy of the U.S. Federal Reserve, which is projected to start...

Benjamin Cowen Bearish on Fed Rate Cuts – How Will Bitcoin Price React to the Fed’s Policy Shift?

16.1.2024
Bitcoin’s price may face pressure as analysts predict declines if the Fed begins cutting rates. Image by sasirin pamai, Vecteezy. The possibility of Federal Reserve rate cuts in the coming months has the crypto community divided on the potential impact on the Bitcoin price. While rate cuts...

5 Best Cryptos to Include in a Balanced Portfolio in 2024

16.1.2024
As investors shift back into risk-on assets in anticipation of rates cuts by the Federal Reserve, mainstream investors are increasingly looking for the best cryptos to buy 2024 as part of a balanced portfolio strategy. Market sentiment has shifted positive on risk-on assets like crypto following...

Near Foundation Cuts Staff by 40%, CEO Says Organization Is in Good Financial Health

13.1.2024
The NEAR Foundation recently said it has let go of 35 workers as part of a realignment exercise that sees it “focus on a narrower and higher-impact set of activities.” The foundation’s CEO insisted that the job cuts did not in any way indicate that his organization was facing...

Spot Bitcoin ETFs Wage Fee War as Bitwise Charts Unique Path

11.1.2024
In a strategic bid to dominate the emerging spot Bitcoin ETF market, financial giants like Blackrock and Invesco/Galaxy unveil aggressive fee cuts, while Bitwise takes an innovative philanthropic approach. Spot Bitcoin ETFs Gear Up for Fierce Competition With Low Fees, Teaser Rates, and More...

Near Foundation To Reduce Workforce By 40%

11.1.2024
Source: Pixabay Non-profit organization Near Foundation has announced that it will reduce its workforce by approximately 40%. In a statement published on Thursday, the Near Foundation said it would cut around 35 employees after completing a recent review. The cuts are set to primarily affect...

Morgan Stanley’s Chief Economist Predicts Rate Cuts ‘This Year’ as Market Eyes Federal Reserve’s Next Move

8.1.2024
This year, mirroring last year’s speculation, market observers are keenly awaiting decisions from the U.S. Federal Reserve concerning the federal funds rate, with a particular focus on potential rate cuts this year. Ellen Zentner, Morgan Stanley’s lead economist in the U.S., predicts...

Ahead of Bitcoin ETF Launch, BlackRock Announces Major Workforce Cuts

8.1.2024
BlackRock headquarters. Source: Adobe / John Hanson Pye BlackRock, the world’s largest asset management firm, is reportedly reducing its global workforce by about 3%, just days before the expected approval of the firm’s spot Bitcoin ETF application. The layoffs, which have not yet been...

Bankruptcy Move: FTX Ventures Cuts Deal with Dave for $100 Million Stake

6.1.2024
Source: Sora Shimazaki / Pexels Dave, a fintech firm specializing in financial services through its mobile application, is set to acquire a $100-million convertible promissory note previously issued to FTX Ventures, the venture capital arm of bankrupt crypto exchange FTX. The deal involves Dave...

Expected Fed Rate Cuts Support Bull Case in Bitcoin, But There is a Catch

4.1.2024
Renewed rate cuts by the Fed have historically presaged recessions and triggered rotation of money out of risk assets

Federal Reserve Expects Rate Cuts in 2024 But Path Remains Foggy, Minutes Reveal

3.1.2024
FOMC minutes point to rate cuts by 2024 but a foggy path ahead as the U.S. Federal Reserve stresses a data-dependent approach. Image by Fareed Mindalano, DALL-E 3. The U.S. Federal Reserve expects to begin cutting interest rates in 2024, according to the minutes from the Federal Open Market...

CAKE Token Supply Cut — Pancakeswap Community’s Decisive Vote Spurs Market Surge

29.12.2023
The Pancakeswap community has sanctioned a governance vote to eliminate 300 million CAKE tokens from the crypto asset’s total supply. Records indicate that a substantial 97.88% of community votes supported the reduction of 300 million CAKE, decreasing the total supply from 750 million to...

Bitcoin Price Pressured as Fed Official Says “Premature to Even Be Thinking About” Rate Cuts – Where Next For BTC?

15.12.2023
Source: Pixabay / Michael Wuensch The Bitcoin (BTC) price has come under pressure on Friday, dipping 2% from around $43,000 to the low $42,000s in wake of hawkish commentary from a leading US Federal Reserve monetary policymaker John Williams. Williams, who is the president of the influential...

Bitcoin Price Prediction as BTC Surpasses $42,000 Amidst Dovish Fed Signals – Is the Bull Run Back?

14.12.2023
Bitcoin’s recent price surge beyond $42,000 marks a significant turnaround in its market trajectory, particularly in light of dovish signals from the US Federal Reserve. The central bank’s decision to maintain steady interest rates, coupled with hints of potential rate cuts in 2024,...