Tag: us

Caitríona Perry to leave RTE for the BBC

Today, the BBC announced the appointment of Caitríona Perry as chief presenter on the BBC’s news channel – BBC News – which broadcasts around the world, including the UK, North America and Singapore. Caitríona will join recently appointed chief presenter Sumi Somaskanda to anchor out of Washington D.C, reinforcing the BBC’s commitment to better serve North American audiences with more breaking news coverage and in-depth analysis from the region.

Caitríona joins the BBC from RTÉ – Ireland’s national public service broadcaster where she served as the presenter of the country’s main evening news programme and an anchor of special event programmes. Prior to that, she was RTÉ’s US Correspondent based in Washington D.C. where she covered the Obama-Biden and the Trump-Pence administrations, the 2016 elections and all aspects of US economic, political, cultural and sporting life. She has written two best-selling and critically acclaimed books on US politics. She’s also worked as a broadcast news correspondent, documentary maker and a programme editor. She has reported for radio, tv, digital and social platforms from across the US, Canada, Latin America, Europe and Australia. She has interviewed many heads of state including US President Joe Biden, and his predecessors Bill Clinton and Donald Trump.

“I’m delighted to be joining the BBC at this time of its expansion in the US. There is no other news organisation globally which has the same ability and resources to bring the most important news to so many people with impartiality, urgency, accuracy and style,” says Caitríona Perry. “I look forward to continuing my career in public service journalism at the forefront of reporting all the biggest stories around the world.”

Paul Royall, Executive News Editor for the BBC News channel, said: “We are thrilled to welcome Caitríona to BBC News. She brings authority, expertise and warmth to the new channel, and completes a compelling on-air team.”

BBC News, which reaches 50 million consumers weekly in the U.S., is regarded as the most trusted global news brand in the country, ahead of all major US news brands, according to the 2022 Reuters Institute Digital News Report. The ranking is a testament to BBC News’ commitment to its mission of helping people understand the world around them, make informed choices and take an active part in society and democracy.

AdTech Company Kargo announces 25 new jobs for the South East

Kargo, a private advertising technology company has chosen Waterford City for its first European R&D hub creating approximately 25 data science and software engineering jobs over the next three years.

Employing approximately 500 people across 11 global sites, the New-York HQ, Kargo is a  next-generation full funnel addressable advertising platform which delivers exclusive advertising and content experiences across mobile, social, video, CTV  and commerce, providing differentiated design forward, attention grabbing formats driving extraordinary outcomes.

The team at this R&D hub will seek to develop proprietary IP in applied Machine Learning and process automation in the open web cookieless digital advertising industry. The company is recruiting across the areas of data science, engineering, analytics and product management.   To explore opportunities at Kargo, visit – kargo.com/careers

“Kargo is thrilled to be branching out into new technologies and our focus on R&D efforts is a top priority that will help meet the challenges ahead,” said Kartal Goksel, Chief Technology Officer. “Waterford has demonstrated the skills and has built a reputation for talent in our community, and we are happy to be investing in key resources for continued expansion.

This project is supported by the Irish Government through IDA Ireland.

Minister for Enterprise Trade & Employment Simon Coveney TD said: “I am really pleased to hear that Kargo have announced plans to open their European R&D Hub in Waterford. This investment of €10m includes the creation of 25 highly skilled data science jobs over the next three years. The new facility will provide a Hub for exciting new innovations in technology to be undertaken. The announcement will also create will be a welcome boost to the South East, and the Government is hugely supportive of all regional investment. Best of luck to all at Kargo and congratulations on the new Office.”

“This investment from Kargo is a big vote of confidence in the existing team and the south-east region,” said Mick O’ Brien, Senior Director of Engineering, Kargo, Waterford. “With a vibrant cluster of tech companies, a highly skilled talent pool and excellent programmes available from SETU, Kargo has recognised the fantastic opportunity available here and is making a key investment for the future.

Mary Buckley, Interim CEO, IDA Ireland said: Kargo’s decision to choose Waterford as the location of its European R&D hub is really good news. The company is a welcome addition to the South East region’s growing Technology cluster. I’d like to wish Mick and his team every success with this new investment.”

U.S treasury seeks comment on Cryptos Illicit Finance risks

The US Treasury Department is seeking comments from the public on the possible illegal finance and risks of national security posed by digital assets’ use. It is part of the agency’s mandate under the March executive order of President Biden. It is for studying crypto development. This request for comment was issued on Monday. It asks the public for any suggestions for mitigating such risks by the 3rd November deadline. IF you want to start your trading journey, you can always choose a reliable platform like the BitQT app. 

The current scenario

The department has invited the public to comment on any regulatory obligation the US government imposed. Those were no longer suitable for purpose because they related to digital assets. As per the document, many federal officials will develop one coordinated action plan. It will address the potential risks to national security that digital assets pose. The National Intelligence Director, Attorney General, Secretary of State, Homeland Security Secretary, and Treasury Secretary are among them.

Crypto has been used in sophisticated financial networks and activities related to cybercrime, including ransomware, according to the Treasury in a version of the request for comments available on the Federal Register website. According to the document, the increasing use of digital assets has raised the risk of crimes like money laundering, terrorist financing, fraud, theft, and corruption.

This notice is in response to the 9th March executive order issued by US President Joe Biden. The order required research on crypto assets from many agencies, including the Treasury. In response to the executive order, the Treasury issued several reports. It was earlier this week. They urged financial regulators to maintain strict oversight of digital assets. Also on robust consumer protection. The use of digital assets made it easier for criminals to commit financial crimes. These were money laundering, terrorism, fraud, and theft, according to the executive order.

An overview of the activities

Brian Nelson stated that public input would assist the agency in establishing controls. It will hold criminals accountable and identify potential enforcement gaps.

According to Alex Zerden various stakeholders get anticipated to provide comments. It includes crypto industry’s advocates, civil society, traditional financial institutions, and crypto firms,

Mr. Zerden, a former Treasury official in the Trump administration, stated a few things. He said that it shows the Treasury is taking public engagement in a serious way. He also said that the Treasury would have to decide many things. It includes how to incorporate the comments it receives into its policy-making process.

The crypto industry may object to any Treasury rulemaking that considers public input. Regulations were proposed. It was by the Financial Crimes Enforcement Network of the Treasury and the Federal Reserve Board. It involved crypto firms and financial institutions. It was to collect and send sender and recipient information for crypto transactions. It was those exceeding $3,000 in value. The public submitted thousands of comments on the plan. Many of which criticized the proposed new rules. The controversial idea was on hold in January 2021. It was partly due to the regulatory freeze. It was imposed by the Biden administration, as is typical for new administrations. The rules are still a proposal.

The request for comments comes when the market is experiencing another volatility wave. It added to the demand for increased regulatory oversight. By market capitalization, Bitcoin is the largest crypto in the world. It was trading at $18,776 earlier on Monday. It was down 4.8 percent from late Sunday’s levels before recently rising above $19,000.

The Treasury Department gets anticipated to outline the dangers. It is about the beliefs cryptos pose to consumers. Apart from these, the financial system in a series of reports scheduled to go public this month.

The Treasury’s analysis of crypto markets will get included in the reports. It is currently finishing and sending it to the White House. Each report will focus on one of four topics. These are the payment system and consumer protections. Also, illicit finance, and financial stability. But it is unlikely that many specific policy recommendations will be provided.

Conclusion

The March order of President Biden on digital assets commissioned the reports. It asked other agencies to produce an analysis. His administration released a more comprehensive set of frameworks from many agencies. It concerned regulatory approaches to developing the ecosystem of digital currency. The Department of Justice said a few things. It tapped over 150 federal prosecutors across the country. It was to bolster law enforcement efforts. It was for combatting the rise in crime related to crypto use like Bitcoin. 

Bitcoin Boom or Bust? Bitcoin Regulations In The US & UK

The current scenario of bitcoin will not satisfy you if you are unaware of its all-time high price in 2021. Bitcoin was over $65,000 in 2021 and now it is over $21,000. Yes, that is quite low. But it is natural for bitcoin now because the world has seen so many ups and downs in its journey. That’s why bitcoin is known as the most volatile cryptocurrency. 

The scenario in the beginning:

The currency bitcoin has gained massive popularity throughout the world in just a decade. It was started in the year 2008 when the whole world was suffering from critical financial inflation. In 2008, US lending institutions started doing unethical activities behind the back of their customers. Day after day, some other financial institutions also started doing the same. 

The activities had a bad impact on the economic system and the whole system crashed on 15the September 2008 when one of the most famous financial institutes the Lehman brothers declared it bankrupt. As a result of it, the whole world came under a big financial crisis that is known as global financial inflation.

This incident results in a loss of people’s hope and trust in the traditional banking system and it was a proper time when bitcoin was introduced to the world. On 3rd January 2009, a pseudonymous person Satoshi Nakamoto launched the historical digital currency bitcoin with a feature of decentralization and successfully grabbed people’s attention towards it because decentralization offered them not to rely on banks and governments anymore for fund transfer. 

 

Bitcoin Mania: How The US And UK Are Reacting To The Cryptocurrency

 

The current scenario in the US:

Bitcoin is a global currency. It is the same in any corner of the world and doesn’t create any other rules for countries’ barriers. The price only differs as per the ratio of the fiat currency that is legal in the particular country. In the US, bitcoin also provides the same general facility like decentralization, open-sourced networks, fast transactions, low-cost fund transfer, data security, and all. Below are some points that tell about the current position that these amazing features of bitcoin gained in the US.

 

  1. According to some studies, the US is one of the greatest hubs of bitcoin because it holds a quarter of the total bitcoins in the world that are being traded. And, it has not stopped here. The number of bitcoin investors in this country is increasing day by day.
  2. Another study tells that, every nine people out of ten know about bitcoin. You can make an idea with this information about the spread of bitcoin in the US.
  3. Bitcoin is legal in the US and you have so many facilities with it. You can buy it, trade it, and utilize it for buying stuff and services. These are easy in the US because so many trading applications provide the facilities to do so. One such is crypto engine which you can also try out.
  4. In the US you can find so many bitcoin ATMs that facilitate you buying and selling bitcoins as well as other cryptocurrencies and withdrawing cash.

 

The current scenario in the UK:

As we have said, bitcoin is the same in any corner of the world this is the same in the UK too. Let’s see what the mind-blowing features of bitcoin are achieved in this country.

 

  1. In the UK, bitcoin is also legal and nearly 2 million people in the year 2022 have bitcoins in their holdings. Among the total amount of bitcoin holding in the UK, a large portion is captured by bitcoin which is 60%.
  2. There are almost 81 crypto ATMs that facilitate bitcoin transactions and bitcoin trading.
  3. Over 500 companies in the UK accept crypto payments including bitcoin. So, buying goods and services with bitcoin is also easy in the UK just like in the US.

 

Conclusion

So, bitcoin is a good sight of the citizens of the US and UK. And as per experts, more people will show interest in it in the future as cryptocurrency really brought the world a convenient, safe, and fast payment network that goes with the modern fast forward world.