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The economy is a system of producing and exchanging goods and services in a society.
Fiscal policy is a tool used by governments to regulate economic activities in their country. It involves the use of government spending, taxation and borrowing to influence economic growth, stabilize inflation and maintain a stable economy. This article will explain what fiscal policy is, how it works, and why it is important. What is fiscal [...]
The post What is fiscal policy, and why does it matter? appeared first on Crypto Breaking News.
Following the fallout over the past two weeks in the U.S. banking industry, the Federal Reserve raised the federal funds rate by 25 basis points (bps) on Wednesday, citing the need for the inflation rate to return to 2% over the long run. Fed Raises Rate Despite Calamity in the U.S. Banking Sector It’s been [...]
The post Federal Reserve Hikes Rate by 25bps to Keep Inflation at Bay, Aims for 2% Inflation Rate by 2025 appeared first on Crypto Breaking News.
More respondents said AI will “hurt” American workers more than it will “help” them over the next 20 years.
Bitcoin buyers may get a chance to “load up” below $22,000 on the back of employment statistics.
<p> Bitget, a major cryptocurrency <a href="https://www.financemagnates.com/terms/t/trading-platform/" target="_blank" id="f85800b2-ccf5-4f50-9e8e-780d32afc6f6_1" class="terms__main-term">trading platform</a>, announced on Tuesday that it registered a new office in Seychelles to accelerate its global expansion. The digital assets exchange also wants to increase its current workforce by 50%, reaching 1,200 employees by the first three months of next year.</p><p class="MsoNormal">According to the press release, <a href="https://www.financemagnates.com/tag/bitget/">Bitget</a> operations are 'decentralized' without specific headquarters. Instead, the platform is opening branches in strategic locations to cover as many markets as possible.</p><p class="MsoNormal">The Bitget branch in Seychelles was registered under the 2016 International Business Companies Act. In the past few weeks, the cryptocurrency exchange established new branches in LATAM and Asia markets, continuing the expansion set in the corporate strategy.</p><p class="MsoNormal">"We see Seychelles as a friendly region for the crypto community. We have been working for several months on this registration and are happy to announce the development now. The registration in Seychelles offers a constructive environment for Bitget, enabling us to unlock collaborations with partners and strengthen banking relationships, along with our expansion with different partnerships," Gracy Chen, the Managing Director of Bitget, said.</p><p class="MsoNormal">"It is crucial for us to recruit high-calibre candidates globally and set up regional hubs to aid local communication and coordination in strategic markets simultaneously."</p><p class="MsoNormal">To better address current user demand and support the future growth of its core business, Bitget wants to employ more market professionals worldwide, setting a new target of a headcount of 1,200 by the end of next quarter. In June 2022, Bitget employed 450 people and in only four months, the number jumped by 78% to over 800.</p><p class="MsoNormal">Bitget Increased Protection Fund after FTX Turmoil</p><p class="MsoNormal">The cryptocurrency platform has confirmed over the past month that it is betting on more aggressive expansion. In October, Bitget signed a partnership agreement with <a href="https://www.financemagnates.com/cryptocurrency/leo-messi-becomes-bitget-crypto-exchange-ambassador/">Lionel (Leo) Messi</a> and announced the newest addition to its trading offering dubbed <a href="https://www.financemagnates.com/cryptocurrency/bitget-presents-insights-social-trading-platform/">'Bitget Insights'</a>.</p><p class="MsoNormal">Reacting to the market turmoil caused by <a href="https://www.financemagnates.com/cryptocurrency/bitget-raises-protection-fund-to-300m-after-ftx-turmoil/">the collapse of the FTX</a> <a href="https://www.financemagnates.com/terms/c/cryptocurrency-exchange/" target="_blank" id="601e2e5f-0c28-4253-9ad4-5e6b251ba2fa_2" class="terms__secondary-term">cryptocurrency exchange</a>, the platform has <a href="https://www.financemagnates.com/cryptocurrency/bitget-raises-protection-fund-to-300m-after-ftx-turmoil/">decided</a> to increase the value of its Protection Fund to $300 million. The Protection Fund was originally introduced a few months ago with a fund worth $200 million.</p> This article was written by Damian Chmiel at www.financemagnates.com.
Bitcoin price could resume its downtrend if the Fed keeps on hiking rates against the prospects of a rising unemployment rate.
The cryptocurrency led the crypto market rally on Monday by breaking above $24,000.
Continue reading Bitcoin Price Advances After U.S. Employment Data Revealed at DailyCoin.com.
Top employees are leaving Babel Finance as the firm has not reached an amicable solution to its accounting challenges. Meanwhile, thousands of customers are still unable to access their funds. (Read More)
The CEO and CFO of Compass Mining firm have left their job positions at a time when the firm is experiencing challenges to maintain its operations. The miner has appointed interim officials to take over. (Read More)
Chief People Officer L.J. Brock revealed in a blog post on 14 February 2022 that Coinbase Global (COIN), the leading cryptocurrency trading platform by trading volume in the United States, will hire up to 2,000 people in 2022 to seize prospects in the development of Web 3 and other areas. The firm intends to grow its product […]
Gemini’s Head of Asia-Pacific (APAC), Jeremy Ng and the Head of Business Development, Eugene Ng have left the US crypto exchange and now plan to launch their own crypto venture within the next few ...
OpenSea is on the hunt for new staff members as NFT mania continues to grow (Read More)
In accordance with market predictions, the U.S. Federal Reserve decided to halt its rate hike this month after ten consecutive hikes since last year. The members of the Federal Open Market Committee (FOMC) asserted that the U.S. banking system is still “sound and resilient,” and the committee continues to closely monitor inflation risks. Federal Reserve [...]
The post Fed Pauses Interest Rates After 10 Consecutive Hikes; Committee Likely to Raise Rates ‘Somewhat Further’ This Year appeared first on Crypto Breaking News.
Interest rate cuts, increases in the M2 money supply, structural deficits, and geopolitical tensions typically drive Bitcoin's price higher.
The European Commission has tipped “extended reality” — technology that enables people to interact with virtual worlds — will create as many as 860,000 jobs in Europe by 2025. Extended reality or XR is an umbrella term for immersive technologies including virtual reality, augmented reality and mixed reality, and is a “major technology enabler” for [...]
The post ‘Extended reality’ to create 860K jobs by 2025: EU Commission appeared first on Crypto Breaking News.
Artificial intelligence (AI) can increase productivity, boost economic growth, alter existing occupations and generate new ones. Without a doubt, AI will result in some job displacement in the short term, but there are numerous reasons to think that AI will also contribute to creating new jobs and economic growth in the long run. Artificial intelligence [...]
The post Can artificial intelligence create more jobs? appeared first on Crypto Breaking News.
Bitcoin (BTC) price has finally broken the $30,000 level after the key price zone lasted as a ten months resistance level. BTC price rallied 6.5% on April 10 and the much-awaited price gain ended an agonizing 12-day period of extremely low volatility, which saw the price hovering close to $28,200. Bulls are now confident that [...]
The post Bitcoin holds $30K, but some pro traders are skeptical about BTC price continuation appeared first on Crypto Breaking News.
BTC price gains allow Bitcoin bulls to zero in on $300 million in ask liquidity located above $62,000.
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