Hong Kong central bank studies AIs impact on banking jobs and skills

HKMA deputy chief executive Arthur Yuen said that enhancing employees skills would allow them to coexist with technology in the AI era.

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Former FTX CEO Seeks $10M Insurance Fund for Legal Defense, Request Opposed by FTX Debtors and Unsecured Creditors

Court filings reveal that the FTX co-founder is seeking access to a $10 million insurance plan to cover his attorney fees. FTX debtors and unsecured creditors have opposed Sam Bankman-Fried’s request, arguing that every dollar spent on his defense is “one less dollar” available to cover the losses of the debtors. FTX Debtors and Unsecured [...]

The post Former FTX CEO Seeks $10M Insurance Fund for Legal Defense, Request Opposed by FTX Debtors and Unsecured Creditors appeared first on Crypto Breaking News.

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SEC offers $50,000 incentive for qualified employees to step down

The Securities and Exchange Commission (SEC) is introducing a $50,000 incentive for qualified employees who choose to resign. This initiative is part of the SEC’s efforts to streamline its workforce and optimize operational efficiency. Eligible staff members who opt for voluntary resignation will receive a $50,000 payout as an incentive to leave their positions. The [...]

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Here Are 5 Essential Tips Every HR Manager Should Adopt for Enhancing Employee Engagement

Happier, motivated, and engaged employees are critical to any organization’s success. Throughout the years, many scholars have tried to explain what “employee engagement” means and how to describe it in a sentence or two.  In a nutshell, employee engagement means the level of connection (psychological, emotional, and intellectual) your workforce has with the organization. If […]

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Saudi Aramco partners with droppGroup to explore Web3 technology

Saudi Aramco, the world's largest oil and gas company, has announced a partnership with blockchain technology company droppGroup to explore and co-develop a range of Web3 technologies. The collaboration aims to enhance the efficiency of Aramco's operations, improve employee experience, and create a more engaging and rewarding work environment. With the use of Web3 applications, including tokenized networks and incentives systems, the partnership is poised to transform the oil and gas industry.

<p>The post Saudi Aramco partners with droppGroup to explore Web3 technology first appeared on CCNC.</p>

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Nexo spokesperson: Shulev is a ‘disgruntled’ ex-employee retelling ‘some FUD he read online’ | Invezz

Cryptocurrency lender Nexo (NEXO/USD) was on the receiving end of yet another troubling piece of cryptocurrency news. On Wednesday, BestBrokers.com published what they describe as an e-mail “allegedly written by one of the firm’s co-founders Georgi Shulev.”  According to a translation of the letter written in Bulgarian, Shulev writes the company is engaged in “unlawful ... Read more

<p>The post Nexo spokesperson: Shulev is a ‘disgruntled’ ex-employee retelling ‘some FUD he read online’ | Invezz first appeared on CCNC.</p>

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Is Crypto Exchange Huobi on the Verge of Insolvency?

Is Crypto exchange Huobi on the verge of insolvency? Let's take a look at it in more detail.

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Swyftx cuts 40% of staff as it braces against 'worst-case scenario'

The Australian crypto exchange said while it had no exposure to FTX, it was "not immune" to its fallout.

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FTX collapse could see crypto sector layoffs accelerate

While the full impact of FTX’s collapse is still unfolding, some have already warned of an increase in layoffs to come “in the months to follow.”

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Are NFT Game Assets Considered Investments or Security?

Should Axie scholars be treated as employees? Are play-to-earn assets considered a security? And what's the case with Pogi breeds?

The post Are NFT Game Assets Considered Investments or Security? appeared first on BitPinas.

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Two Co-head of Citigroup’s Digital Assets Quit, Planing to Launch New Crypto Startup

Two former high ranking executives announced to depart from Citi. The duo sees potential benefits in the crypto industry. (Read More)

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Two Ex-Robinhood Employees Launch New Remittance Service Atlantic Money

High remittance fees charged by the existing fintech ‘challenger’ platforms are some of the issues that prompted Atlantic Money to launch its money transfer service. The platform promises to facilitate cheaper and more efficient remittances. (Read More)

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Blockfi Announces Self-Liquidation Plan After Failed Attempts to Sell Company

The now-defunct crypto lender Blockfi has recently filed a court document outlining its plans to liquidate the company. The firm has come to the realization that selling the company would not be beneficial to its creditors. As a result, Blockfi has decided to take matters into its own hands and proceed with a self-liquidating transaction. [...]

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Dapper Labs makes 3rd round of cuts in 9 months amid NFT slump

NFT collectibles company Dapper Labs has said goodbye to another 51 employees only months after a 20% staff reduction in February.

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OpenAI secures $1.5B funding from SoftBank, allows employees to cash out

SoftBanks tender offer allows OpenAI employees to cash out up to $1.5 billion worth of shares as it takes a larger stake in the company.

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NVIDIA Tops Forbes' 2025 List of America's Best Companies

NVIDIA secures the top spot on Forbes' debut list of America's Best Companies 2025, excelling in financial performance, employee satisfaction, and sustainability. (Read More)

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Binance, Coinbase and Gemini staff are among the least happy, data suggests

Crypto exchange Binance said its “hardcore” work culture could explain some of the results, while recruiters warn the data should be taken with a grain of salt.

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Seoul Takes Control Over $160 Million in Assets of Former Terraform Employees, Founder

Authorities in South Korea have reportedly seized assets worth billions of won belonging to former representatives of Terraform Labs. The measure should prevent suspects in the case with the failed blockchain firm from selling property that may have been obtained with criminal proceeds. South Korean Law Enforcement Moves to Seize Terraform-Linked Real Estate, Report Prosecutors [...]

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7,800 jobs at IBM could be replaced by AI within years, suggests CEO

Arvind Krishna, the chief executive of IBM, said roughly 30% of their non-customer-facing positions could be covered by artificial intelligence over a five-year period.

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