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Popular crypto reporter Wu Blockchain shared the news, reporting that multiple sources confirmed upcoming layoffs at Binance. Binance hasn’t responded to clarify whether the rumors are true or false. advertisement Binance to Start Mass Layoffs Binance currently has nearly 8000 employees and the rumors suggest that the proportion of Layoffs in June could be about 20%. The Layoffs could be related to broader market conditions and recent expansions. According to sources familiar with the matter, the compensation plan is being formulated as per different conditions and places. Meanwhile, some departments in Binance will continue to hire. SCOOP: According to multiple sources who confirmed to WuBlockchain, Binance has started layoffs, and the proportion is still uncertain. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List ...

The Skale Network price prediction shows that SKL crosses above the 9-day and 21-day moving averages as the coin shoots to the upside. Skale Network Prediction Statistics Data: Skale Network price now – $0.033 Skale Network market cap – $152.8 million Skale Network circulating supply – 4.5 billion Skale Network total supply – 5.4 billion Skale Network Coinmarketcap ranking – #173 SKL/USD Market Key Levels: Resistance levels: $0.045, $0.050, $0.055 Support levels: $0.025, $0.020, $.015 SKLUSD – Daily Chart SKL/USD is currently trading at $0.033 after touching the daily high of $0.034; it is likely to touch the nearest resistance level of $0.350. However, in case the buyers were able to push the price toward the upper boundary of the channel, the daily candlestick may close above this barrier. Skale Network Price Prediction: SKL Gets Ready for Upward Movement According to the daily chart, the Skale Network price is moving close to the re...

Re serve currencies hold great value in the global economy as they serve as crucial facilitators of international trade and finance. These currencies are held in substantial quantities by various central banks and financial institutions, enabling them to fulfill their role in supporting global economic transactions. For centuries, global re serve currencies have played a pivotal role in international trade and finance. The origins of the concept can be traced back to the 15th century when the Dutch introduced the guilder as a re serve currency. Throughout history, various currencies have risen to become dominant global re serve currencies. However, they eventually lose their status over time. This pattern noted the evolving dynamics of the international financial system. Along with this the changing likes and economic circumstances that shape the reign of re serve currencies are also highlighted. Britain’s reserve currency status endured for 105 years, while France’s lasted fo...

Bears have gained the upper hand in the Shiba Inu (SHIB) market during the past 24 hours, driving the price to a low of $0.000008702. Bullish efforts to rebound were halted by firm opposition at the intraday high of $0.00000889. SHIB bears remained in control at press time, inflicting a 0.22% drop from its previous closing to $0.000008727. While the SHIB’s market capitalization fell by 0.20% to $5,179,472,629, the 24-hour trading volume increased by 2.78% to $86,293,855. This increased trading volume during a slump implies that traders are still actively buying and selling SHIB, taking advantage of the price drop. SHIB/USD 24-hour price chart (source: CoinMarketCap) The stochastic RSI rating of 82.99 and movement below its signal line indicate that the present negative trend in the SHIB market is gaining momentum. This movement suggests a possible price decrease, with investors likely to sell off their holdings, expecting additional losses. However, a posit...

Join Our Telegram channel to stay up to date on breaking news coverage Groundbreaking web3 freelancing and remote work metaverse platform DeeLance just secured a massive strategic investment from a top venture capital (VC) investment firm. Bitgert Ventures will invest $1.12 million in DeeLance to help fund the development of its blockchain-powered metaverse, which is already generating huge hype in web3 circles and some observers think could upend the still very web2 platform-centric freelance/gig work economy. 🎉 We’ve made a strategic investment of 💰$1.12M USD in @deelance_com, the leading freelance platform! This investment will help Deelance expand its services and provide more opportunities for freelancers around the world Read more: https://t.co/lQm8NBDvYi pic.twitter.com/cgPjN7cMr7 — Bitgert Ventures (@Bitgertventures) May 27, 2023 Bitgert Ventures focuses on investing in “decentralized infrastructure, ecosystems, and applications ...

IMF Managing Director Kristalina Georgieva said the U.S. Congress also needs another way to regulate debt eliminating debt ceiling brinkmanship through the annual appropriations process. advertisement “The sooner this adjustment is put in place, the better. It is worth noting that the fiscal adjustment can be front loaded, and by doing so it would help the Fed in its efforts to reduce inflation.” US Federal Reserve to Hike Rate By 25 Bps in June US Fed officials don’t see a pause or pivot to rate hikes currently, and believe the FOMC must continue raising federal funds rates to over 6%. At present, the federal funds rate stands at 5% to 5.25%. On Friday, the annual PCE core inflation, the Fed’s preferred gauge to measure inflation, came in at 4.7% in April against the expected 4.6%. The jobs market also remains tighter. This gives the Fed more room to continue hiking rates this year. Recommended Articles ...

After facing the crypto winter, the communities’ demand for decentralization emerged once again. Currently, many decentralized projects out there are getting recognition and TON Blockchain is one such platform.   The Open Network (TON), as described on its website, is a decentralized and “open internet platform” made up of several components. Some of those “several components” includes TON Blockchain, TON DNS, TON Storage, and TON Site. Moreover, TonCoin is the platform’s native currency. While Toncoin consists of rich Features , this altcoin’s price could be varied as time passes. This Coin Edition article will highlight Toncoin’s price analysis and forecast for the years 2023, 2024, 2025, 2026, 2027, and 2050. Before we take a look at TON’s price forecast, let’s first understand Toncoin and its project. Table of contents Toncoin (TON) Market Overview What is Toncoin (TON)? Latest News on Toncoin (TON) Toncoin (TON) Current Market Status Toncoin (TO...

Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin Resumes Bearish Ascent as BTC Drops to $25.8K after It Crosses the Narrow Range – May 25, 2023 Bitcoin (BTC) has dipped even further since it breached the $26,400 level as it crosses the narrow range. The pricing range for the cryptocurrency asset has been limited to $26,400 and $28,000. The bears have smashed the lowest price range at $26,400. The market will decline till it reaches its previous bottom of $25,700 if the bearish momentum persists. However, the current range-bound motion will continue if the price pulls back into the range-bound region. Bitcoin Price Statistics Data: •Bitcoin price now – $26,287.42 •Bitcoin market cap – $509,555,227,002 •Bitcoin circulating supply – 19,383,468 BTC •Bitcoin total supply – $551,421,746,766 •Bitcoin Coinmarketcap ranking – # 1 Resistance Levels : $50,000, $55, 000, $60,000 Support Levels: $2...