On The Wire: Today's Top Stories In Finance & Tech

Your daily briefing of some of the most important stories from the crypto, finance, and tech space.

The daily news roundup from REX Wire

Welcome to your daily briefing, where we bring you stories from the forefront of finance, technology, and market analysis, sent directly to your inbox.


Massive Job Cuts In Global Banks Amid Economic Downturn

In 2023, global banks slashed over 60,000 jobs, with significant cuts by UBS, Wells Fargo, and Wall Street lenders. This trend, largely due to a downturn in dealmaking, marks one of the most substantial job reductions since the financial crisis.

Massive Job Cuts In Global Banks Amid Economic Downturn
Global banks cut over 60,000 jobs in 2023, marking one of the largest downsizing efforts since the financial crisis.

Nigeria's Central Bank Eases Crypto Ban For Banks

The Central Bank of Nigeria lifts its 2021 ban, enabling banks to interact with crypto companies under strict guidelines. Banks can open accounts for VASPs but are prohibited from holding or trading crypto. Meanwhile, a banking consortium is developing the cNGN stablecoin, complementing Nigeria's eNaira.

Nigeria’s Central Bank Eases Crypto Ban For Banks
CBN revises crypto policy, allowing Nigerian banks to engage with virtual asset service providers.

Finance 101: What Is The "Wall Of Worry"?

Particularly in the early stages of a bull market, the price of an asset may rise consistently, despite a series of negative news headlines. As ever, early traders are rewarded.

Finance 101: What Is The “Wall Of Worry”?
Especially in the early stages of a bull market, investors can be over-cautious, missing out on returns as a result.

Royal Match Overtakes Candy Crush In Mobile Gaming Revenue

Istanbul's Dream Games' 'Royal Match' outperforms 'Candy Crush Saga' in revenue, becoming the top mobile game. Launched in 2021, its success defies a sluggish year for mobile gaming, with a focus on quality and mass appeal. A sequel, 'Royal Kingdom,' is in the works.

Royal Match Overtakes Candy Crush In Mobile Gaming Revenue
Dream Games’ ‘Royal Match’ dethrones ‘Candy Crush’ as the world’s most lucrative mobile game, showcasing the rise of new market leaders.

Naver's Seoul headquarters showcases an innovative use of robots, with 100 Rookies performing tasks like deliveries. The company, investing heavily in R&D, plans to export its 5G cloud robotics globally, with interests from Europe to Saudi Arabia.

Naver Revolutionizes Office Work With Advanced Robot Technology
Naver integrates robots into office life, exploring new ways of working with its fleet of Rookies in Seoul.

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