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CATEGORY: economic downturn

Report: Nigerian Crypto Exchange Quidax Cuts Its Workforce by 20%
Author: btcethereumadmin
United States
Source: BTC Ethereum Crypto Currency Blog
Nov 28, 2022 01:20

Report: Nigerian Crypto Exchange Quidax Cuts Its Workforce by 20%

As it reels from the effects of what it termed a global economic downturn, the Nigerian digital asset exchange platform, Quidax, recently said it had laid off employees who constituted 20% of its workforce. Despite the layoffs, Quidax reportedly told its customers it is ‘not going anywhere, anytime soon.” ‘No Relationship With FTX’ The Nigerian

The post Report: Nigerian Crypto Exchange Quidax Cuts Its Workforce by 20% appeared first on BTC Ethereum Crypto Currency Blog.

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Blackrock CEO Expects Inflation to Persist, but No Major US Recession in 2023
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Apr 15, 2023 10:30

Blackrock CEO Expects Inflation to Persist, but No Major US Recession in 2023

Blackrock’s CEO, Larry Fink, stated in an interview on Friday that he does not anticipate a “big recession” in the United States. However, he believes that “inflation is going to be stickier for longer.” In contrast to the U.S. central bank’s 2% goal, Fink predicts that “we’re going to have a 4ish floor in inflation.” [...]

The post Blackrock CEO Expects Inflation to Persist, but No Major US Recession in 2023 appeared first on Crypto Breaking News.

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‘Big Short’ Investor Michael Burry Says He Was Wrong to Advise Selling; Congratulates ‘BTFD Generation’
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Apr 02, 2023 10:30

‘Big Short’ Investor Michael Burry Says He Was Wrong to Advise Selling; Congratulates ‘BTFD Generation’

Famed “Big Short” investor Michael Burry tweeted Thursday, telling his 1.4 million followers, “I was wrong to say sell.” The tweet follows Burry’s warning for months that the U.S. was headed for an “extended multi-year recession” and his decision to dump all of his stocks but one in August 2022. Burry: ‘I Was Wrong to [...]

The post ‘Big Short’ Investor Michael Burry Says He Was Wrong to Advise Selling; Congratulates ‘BTFD Generation’ appeared first on Crypto Breaking News.

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