The TON Foundation has appointed Nikola Plecas, a former Visa crypto executive, as Vice President of Payments. Plecas will be responsible for developing TON's global payments strategy, managing TON and Telegram-based app partnerships, and the Foundation's compliance strategy. He previously held a number of crypto-related positions at Visa, including Head of Crypto Europe and Senior Director of New Product Commercialization at Visa Crypto.
Market news: Musk's Department of Government Efficiency has started laying off employees in the U.S. federal information technology department.
On January 7, Bridgewater, the world's largest hedge fund, cut 7% of its workforce on Monday in an effort to keep the company's organizational structure lean and ensure it can hire top talent flexibly, according to a person familiar with the matter. The cuts affect about 90 employees. The company's current headcount has returned to 2023 levels and will continue to hire selectively, the person said. A spokesperson for Bridgewater said, "For the past three years, Bridgewater has focused on growing...
Binance Holdings Ltd. is hiring 1,000 people this year, many of whom have been designated for compliance positions, as the cryptocurrency exchange spends more than $200 million annually to meet regulatory requirements, including U.S. regulation under plea agreements. Chief Executive Officer Richard Teng is visiting the United States to speak with regulators and officials, and he outlined that goal in an interview in New York on Wednesday.
U.S. hiring slowed in June and data from previous months were also revised down, strengthening the likelihood that the Federal Reserve will initiate a rate cut in the coming months. Data released by the Bureau of Labor Statistics on Friday showed that non-farm payrolls rose by 206,000 last month, compared with a 111,000 downward revision in the previous two months. Economists surveyed predicted a median increase of 190,000. The unemployment rate rose to 4.1 percent and average hourly wage growth...