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Market News

Bitget Hiring Spree to Handle Bitcoin Growth, Explore Crypto-AI Potential

Written By:
Iyiola Adrian

Last updated: January 4, 2024 12:20 AM
Published 2024-01-04
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Last updated: January 4, 2024 12:20 AM
Published 2024-01-04
BitGet Launches $100M Asia-Focused Web3 Fund

Crypto exchange Bitget is making big plans for the future, hiring 400 new people to handle all of its Bitcoin’s growth mixed with AI and blockchain changes. This active step comes when there is an increase in interest from different parts, showing that this year could bring possible changes and shifts.

Director Gracy Chen said they hired more people to use new tech better. Bitcoin, the “digital gold,” is getting more interest now because of tech improvements like inscriptions and BRC-20 tokens.

This happens with the Ordinals plan which makes it possible to add things onto them. These new ideas show how Bitcoin can be more than just a way to save money. They bring in regular stock markets and fans too.

“The expected approval of a Bitcoin ETF in 2024 along with the next halving event makes it very likely that we’ll have new news about this first cryptocurrency” Gracy Chen said in a blog post.

At the same time, Ethereum,a big player in smart contracts, is working on fixing its scaling problems with future changes like Cancun and Dencun. Cancun wants to save on-chain resources by using Ethereum nodes for short off-chain data storage. This helps developers be more creative and use strong solutions quickly.

By popular demand, an updated roadmap diagram for 2023! pic.twitter.com/oxo58A2KuG

— vitalik.eth (@VitalikButerin) December 30, 2023

Meanwhile, Dencun is introducing a key step called proto-dank sharding to help solve high gas prices and later boost Ethereum’s ability to handle more users. Testing for this improvement will start soon, making the Ethereum experience easier and more usable.

But the thrill doesn’t stop just there. Bitget sees a lot of potential in the combination of AI and blockchain. This area has seen huge growth recently.

The crypto market focused on AI is now worth more than $9 billion. This amazing growth of 540% shows that it’s very attractive to people and projects like Autonolas are doing well too.

Bitget is not the only one who sees this potential. Almost $2 billion was put into crypto-AI in just last year’s final months. As more places begin to set rules for crypto actions, the future of this exciting field looks very promising.

Finally, Bitget’s growth in employees shows that many new chances are coming up for crypto. With its smart placement and happy view, Bitget is ready to be a big part of this fun future.

Also Read: ED Arrests Key Figure in Cryptocurrency Scam Worth Over Rs 6,000 Crore

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Iyiola - Crypto Journalist at The Crypto Times
By Iyiola Adrian
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Iyiola is an experienced crypto writer specializing in simplifying complex blockchain and cryptocurrency topics for a broad audience. With expertise in ICOs, DeFi, NFTs, and regulatory updates, he offers valuable insights to help readers make informed decisions.

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