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Best Crypto to Buy Now February 6 – Dymension, Ethereum Name Services, Pendle
6.2.2024
Major cryptocurrencies are nudging higher on Tuesday but remain largely within recent ranges as investors monitor fresh commentary from Fed policymakers, who continue to hint at rate cuts later this year so long as inflation keeps easing, while Dymension (DYM), Ethereum Name Service (ENS)...
Fed Chair Powell Says US Government Is on ‘Unsustainable’ Fiscal Path
6.2.2024
Federal Reserve Chairman Jerome Powell says in the long run, the U.S. federal government is on an unsustainable fiscal path due to its ballooning debt growing faster than the economy. Moreover, the Fed chair cautioned that there will be some banks that have to be closed or merged out of existence....
Economist Peter Schiff Discusses Likelihood of a Fed Interest Rate Cut in March
2.2.2024
Economist Peter Schiff says Federal Reserve Chairman Jerome Powell taking the March rate cut off the table “may have actually raised the probability that the Fed will indeed serve up the first rate cut in March.” Moreover, Schiff explained that the Fed’s job is actually to create...
Polygon Labs Cuts 19% of Staff, 60 Roles, for 'Enhanced Performance'
1.2.2024
The Ethereum-focused developer firm attributes the layoffs to working more effectively, rather than financial reasons
Markets Overly Confident Regarding Fed Rate Cuts, Risk Assets Could Decline: JPMorgan
31.1.2024
The U.S. Federal Reserve’s potential policy easing through interest rate cuts this year may not unfold as quickly and decisively as financial markets currently anticipate, according to JPMorgan Asset Management’s note published earlier this month. The asset manager remarked that essential...
Markets 'Too Optimistic' About Fed Rate Cuts: JPMorgan Asset Management
31.1.2024
"The market may be too optimistic as we see limited evidence of disinflation in certain areas that are a focus for the Fed," strategists said, explaining a potential for a decline in risk assets
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...