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Finance

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Crypto

Polymarket initiated restructuring due to business setbacks, laying off employees and terminating some contractor cooperation

According to Bloomberg, prediction market platform Polymarket recently laid off some employees and terminated cooperation with multiple contractors as part of the company's overall restructuring. Polymarket was once the largest prediction market trading platform, but has been overtaken by main competitor Kalshi in the past two years and has faced multiple legal issues. According to previous reports, founder Shayne Coplan came under pressure from investors to strengthen the company's management, and subsequently brought in multiple senior managers, including hiring former Amazon finance chief Warren Jenson as its first chief financial officer in September, as well as recruiting executives from Goldman Sachs, DoorDash and Robinhood. Polymarket said that as the business expanded and new management joined, the company adjusted its organizational structure, involving personnel recruitment, job adjustments and layoffs, but did not disclose the specific number. Earlier this year, Polymarket launched a US-regulated trading platform in addition to its original blockchain platform.

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Crypto

Israel Discount Bank Becomes First in Country to Offer Bitcoin and Ethereum Trading

The post Israel Discount Bank Becomes First in Country to Offer Bitcoin and Ethereum Trading appeared first on Coinpedia Fintech News Israel Discount Bank, a $150 billion bank, has become the first in the country to offer Bitcoin and Ethereum trading through its mobile app. From November 26, customers can buy, hold, and sell both cryptocurrencies without using a separate exchange or wallet. This puts the bank ahead of rival Bank Leumi, which plans to launch …

Coinpedia
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Finance

ITV to cut show budgets as UK TV and film production spend drops by more than £2bn

Broadcaster plans to make £30m in ‘temporary’ savings before inquiry into takeover by Sky ITV plans to slash its programming budget as new figures showed that spend on the production of films and prestige TV shows in the UK was down more than £2bn over the last year. The broadcaster plans to make £30m in “temporary” savings, including £25m in content and £5m elsewhere in the business. Continue reading...

The Guardian
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Crypto

Israel Discount Bank will open Bitcoin and Ethereum transactions on 11/26! But the purchased coins cannot be transferred out

Discount Bank in Israel is scheduled to open customers to buy and sell Bitcoin and Ethereum through the bank app on November 26th. The service […] Discount Bank in Israel will open Bitcoin and Ethereum transactions on November 26th! But the purchased coins cannot be transferred out> This article was first published in DongZu BlockTempo "DongZu DongTen - the most influential blockchain news media".

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Finance

KKR and RWE are rich firms. Why do they need a UK state loan for their windfarms? | Nils Pratley

National wealth fund is to lend £1bn towards the Vanguard projects – but whether the private equity giant needed help is debatable “This major investment in UK renewables is a vote of confidence for building in Britain,” declared the prime minister. Andy Burnham is obviously correct that the two Vanguard windfarms off the coast of Norfolk are huge investments. Together, they require almost £13bn of debt financing. But he can’t claim they represent a fresh expression of confidence. The project has been on the runway since the German utility RWE, the developer, was awarded a contract to build th

The Guardian
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Military

Labour MPs warn against weakening electric vehicle targets ahead of crunch talks

Exclusive: Cutting 2030 goal would be a ‘step backwards’, say MPs, as ministers clash over proposed reductions Labour MPs are urging the government not to weaken its electric vehicle targets as divided cabinet ministers prepare for a crunch meeting on Thursday to thrash out a compromise. Members of the climate and nature crisis caucus (CNCC) say ministers must not water down a legal requirement for carmakers to ensure that 80% of the vehicles they sell in 2030 are electric, saying doing so would be a backward step and “shortsighted”. Continue reading...

The Guardian
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