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Disgraced FTX founder Sam Bankman-Fried (SBF) is attempting to regain access to his Robinhood shares, worth over $460 million. The former CEO of the collapsed crypto exchange claimed that he needs them to “pay for his criminal defense,” stressing that without them the consequences would be serious and “irreparable.” FTX
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Friday morning's reports on job and wage growth and the service industry gave hope that the Fed may further slow the pace of monetary tightening. Original Source
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DCG once appeared to be untouchable but may fast be losing its stability.Digital Currency Group (DCG) has announced that it is shutting down operations at its wealth management division HQ. According to a report by The Information, DCG is taking such a drastic step due to the prevalent economic situation
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Recently, layoff decisions has somewhat become a trend among global firms.Online retail giant Amazon has announced its decision to cut down its number of employees due to the global economic situation. The announcement, which comes as a follow-up to a previous one, confirms that the layoffs will affect no less
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The World Economic Forum (WEF) has reviewed what happened in 2022 in crypto, making several predictions about the future of the ecosystem. Dante Disparte, CSO of Circle, in an article published for the WEF, states that while 2022 has been a terrible year, the building blocks of the industry will
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Following periods of badly managed economic policies, including external factors such as Russia’s invasion of Ukraine, the price of crucial commodities has skyrocketed in Europe.Following a rather turbulent couple of years for many world economies, investors and analysts are looking to next year and trying to forecast some economic changes
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The chaos we’ve experienced in global markets this year — global geopolitical upheaval magnified by the confluence of broken supply chains, inflation and heavy national debt loads — seems to signal the beginning of a new era. All of this is within the context of the United States dollar serving
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As of 2022, more than 30 million Brazillian citizens have no bank accounts, and no credit or debit cards. What’s wrong here?For roughly a decade, Brazil has been passing legislation aimed at changing the situation. However, the results have fallen short of expectations. To better understand the reason, let’s take
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Ben Bernanke, former chairman of the Federal Reserve and also the winner of the 2022 Nobel Prize in economics, has recently blasted the concept of cryptocurrencies. In an interview with Dagens Nyheter, one of the biggest Swedish journals, Bernanke remarked that cryptocurrencies have not proven they have any economic value
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Tesla CEO and Twitter chief Elon Musk has informed Twitter employees that the company’s “economic picture ahead is dire.” Noting that “bankruptcy isn’t out of the question,” the billionaire stressed that “Without significant subscription revenue, there is a good chance Twitter will not survive the upcoming economic downturn.” Twitter Could Go
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