2022-6-25 20:43 |
The rate increases across BTC, ETH, USDT and other crypto deposits come after layoffs at the company and a $250 million emergency line of credit from FTX.
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Amidst a slew of layoffs, the chief policy officer at Coinbase, Faryar Shirzad, admitted that further job cuts could come sometime in the future as part of a long-term plan to "operate the company responsibly.
2022-6-18 16:15 | |
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The company yesterday said it was letting go 1,100 employees, or 18% of its global workforce.
2022-6-16 19:16 | |
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Investment banking firm Goldman Sachs is looking to add staff to its digital assets team, with openings posted for three new international hires. These openings come at a time when the company is also reportedly planning to move forward with a “modest number of layoffs” — around 400 positions per a Reuters report.
2020-10-1 15:23 | |
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ConsenSys announced on Jan. 4 that it would be cutting the company’s headcount by 14%. This comes after a similar round of painful layoffs in December 2018. Although the crypto...The post Second Round of ConsenSys Cuts Far Less Painful, Says Insider appeared first on Cryptocurrency News.
2020-2-5 18:34 | |
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Investors may be missing the forest from the trees. Lyft's layoffs were selective, affecting sales and marketing divisions. The company reportedly plans on hiring 1,000-plus employees this year.
2020-1-30 00:46 | |
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Ripple, Inc. looks to be on an expansion spree, despite the industry-wide layoffs with smaller crypto startups. Not even the price drop of XRP seems to faze the company, which is on a mission to offer a payment protocol to compete with SWIFT.
2019-12-18 23:35 | |
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In the wake of mass layoffs that saw over 800 employees leave the company back in early 2019, Blizzard is once again hiring for identical positions in what ex-employees are branding a cynical move.
2019-7-6 23:10 | |
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With IBM laying off 1,700 this month, most of the company's blockchain division employees have stayed on, though losses were suffered in the division's consulting department.
2019-6-21 23:55 | |
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Hut 8, a Canadian Bitcoin mining firm has laid off more employees, citing poor revenue figures due to the prolonged cryptocurrency bear market of 2018. The Canadian Broadcasting Corporation (CBC) reports that it is the second round of staff cuts, following layoffs earlier in January 2019, as the company reportedly attempts to streamline its operationsRead MoreRead More.
2019-4-7 15:00 | |
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Bitcoin mining giant Bitmain has officially announced its new CEO and says it will restart the IPO listing process sometime in the future. The company endured a difficult 2018 with administrative upheavals, staff layoffs, and significant losses.
2019-3-27 01:00 | |
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These are not the best of times for Tesla CEO Elon Musk. Fresh from dealing with a stock price crisis caused by weak sales and presumed consumer apathy, he is again facing legal action from the SEC, in addition to dealing with Tesla’s weak financial situation and amssive layoffs.
2019-3-20 06:15 | |
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South Korea’s largest Bitcoin exchange, Bithumb, has announced layoffs of 50%, the latest casualty of “crypto winter. ” B A report in Korean media issued earlier today shows that the exchange will be cutting its staff from 310 to around 150.
2019-3-19 02:20 | |
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If Elon Musk was busy last week, he’s swamped this week. The workaholic Tesla boss has his hands full at the best of times overseeing one of the world’s most valuable car companies (Tesla), a ground-breaking private space exploration enterprise (Space X) and his lesser-known but equally interesting public-transit company (The Boring Company).
2019-3-14 04:55 | |
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Billionaire Elon Musk must personally approve every single employee that gets hired at Tesla. The electric-car company has also raised its hiring standards amid several recent rounds of layoffs. “All headcount requests from the business must get Elon approval,” according to a February 2019 internal email.
2019-3-13 16:23 | |
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First Digital Assets blockchain startup will make significant cutbacks on staff following the ongoing bear market
2019-3-5 23:27 | |
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Ebang, one of China’s top manufacturers of bitcoin miners, is planning to produce 400,000 mining machines in 2019. On February 22, 2019, Ebang reportedly announced this plan to expand dramatically throughout the fiscal year.
2019-2-26 22:09 | |
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Things are not looking good for the mining juggernaut with layoffs, mammoth-sized losses, and Jihan Wu’s rumored departure
2019-3-27 17:32 | |
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Didi Chuxing, the ride-hailing and transport service based in China, has outlined steps to commence a firm-wide layoff that is expected to affect 15% of its total workforce after suffering a reported $1.
2019-2-21 15:06 | |
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Kraken announced today its acquisition of Crypto Facilities, the first regulated firm in the world to offer futures on crypto assets several years back. The move could put Kraken, currently the 46th largest bitcoin exchange by adjusted volume, on track to the top 10.
2019-2-5 21:12 | |
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The Brooklyn, New York-based news and documentary media giant, Vice Media LLC, is cutting 250 employees out of the company and closing down its flagship weekly HBO program, sources tell the Wall Street Journal.
2019-2-2 19:45 | |
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There aren’t many CEOs who can blame company layoffs on interplanetary space crafts and Space-based Internet. But then, there aren’t many CEOs like Elon Musk. During an investor call for Tesla on Wednesday, Musk argued that the SpaceX layoffs were completely different and due to his company’s ‘absolutely insane’ projects.
2019-2-2 16:23 | |
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The NEM Foundation is primarily known for their work on the NEM blockchain, functioning as a nonprofit organization that is supported by their online community. However, it seems that their funding is not enough to keep the company going in its current state, leading to massive layoffs and budget cuts. Reports suggest these widespread efforts […]
2019-1-31 18:06 | |
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Have you heard of Steemit, the crypto version of Reddit? If you have never heard about it when it was launched, there is a certainly good chance that you may have heard about it when the company decided to lay off 70% of its staff last year. Steemit was one of the companies that laid […]
2019-1-24 14:47 | |
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On January 22, 2019, Livio Weng Xiaoqi, the chief executive of Huobi Global, insisted that the company is still profitable despite the bear run and event layoffs, as new projects are launched. Beating the Bear Run Within the last year, there have been significant changes in the global cryptocurrency market and not all of them good.
2019-1-23 17:00 | |
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A few weeks ago, a report spread on the internet regarding ConsenSys firing between 40% and 60% of the company’s staff after the bear market that affected the industry during 2018. However, the recent layoffs at the blockchain software company do not exceed 10 percent of the staff. This is according to the company’s Executive […]
2019-1-22 14:13 | |
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Blockchain payment platform BitPay has announced that 2018 has been their most profitable year, having “processed over a $1 Billion again in payments and set a new record for transaction fee revenue.
2019-1-18 22:47 | |
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Chinese crypto mining juggernaut Bitmain has taken a substantial hit in the recent crypto crash, leading to negative consequences for the company on many fronts. Just today, a source has confirmed with Bitcoin Magazine that the company is shutting down its offices in Amsterdam.
2019-1-15 00:45 | |
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The ongoing cryptocurrency bear market appears to have claimed yet another victim. The latest digital currency-related firm to announce a restructure is exchange platform Shapeshift. According to a Medium post by the company’s CEO, 37 of Shapeshift’s employees have been laid off.
2019-1-9 03:00 | |
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Bitmain, the Chinese mining hardware manufacturer who recently applied for listing on the Hong Kong Stock Exchange, has laid off around half of their employees, the company confirmed in a statement: “There has been some adjustment to our staff this year as we continue to build a long-term, sustainable and scalable business.
2018-12-28 00:05 | |
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The Chinese crypto mining company Bitmain has apparently been hit hard by the bear market and is looking to sack more than half of their entire workforce. Credible rumors of this story first began to circulate on Maimai, China’s equivalent to LinkedIn, as anonymous sources on a site frequently used by Bitmain employees began reporting that the company was looking at massive layoffs in the next several days.
2018-12-29 21:20 | |
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The Chinese crypto mining company Bitmain has apparently been hit hard by the bear market and is looking to sack more than half of their entire workforce. Credible rumors of this story first began to circulate on Maimai, China’s equivalent to LinkedIn, as anonymous sources on a site frequently used by Bitmain employees began reporting that the company was looking at massive layoffs in the next several days.
2018-12-27 21:20 | |
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More details about Bitmain layoffs emerge Major Chinese cryptocurrency mining company Bitmain just can’t seem to catch a break lately. Just months after filing to go public on the Hong Kong Stock Exchange, these plans have apparently been shelved as a complete restructuring of the company’s business is seemingly under way.
2018-12-27 18:53 | |
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The mining giant is losing some weight.
2018-12-27 03:22 | |
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Months after it filed an application to go public on the Hong Kong Stock Exchange, Beijing-based cryptocurrency mining giant Bitmain is undergoing a series of business changes that extend even to its China offices, the company confirmed Tuesday.
2018-12-25 19:00 | |
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Things appear to be far from well with Bitcoin Mining firm Bitmain as several reports indicate another round of employee layoffs at the firm. This news follows reports that the company’s IPO is also dead in the water after rumors of Q3 losses running into over $700 million.
2018-12-25 00:00 | |
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Ethereum incubator Consensys is to cut 50 to 60 percent of its employees. The blockchain software company has already laid off 13 percent of its workforce in order to survive the bear market. According to one source, lack of product, wild ideas and an inability to sell technologies has made Consensys’ position financially precarious.
2018-12-21 13:45 | |
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Chat logs obtained from a ConsenSys town hall last week reveal a mix of shock and support following the company's announced layoffs.
2018-12-11 19:35 | |
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Chinese-based cryptomining firm Bitmain is shutting down the operations of Bitmaintech Israel, its research and development (R&D) center in Ra'anana, Israel, according to reports from local news outlet Globes.
2018-12-10 20:51 | |
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Shortly after a wave of layoffs at the Ethereum company ConsenSys, TRON founder Justin Sun offered to help all Ethereum and EOS developers transferring their projects to TRON. The day before, the BitGuild games platform had already done just that.
2018-12-8 04:29 | |
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ConsenSys, the blockchain behemoth powering a swathe of Ethereum-related software, is letting 13 percent of its staff go in a bid to retain a sense of viability. The company confirmed what many believed would be inevitable: the exponential growth enjoyed by Joseph Lubin’s decentralized business experiment can’t, and won’t, go on forever.
2018-12-7 17:43 | |
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The employees of ConsenSys, the Ethereum hub company created by Joseph Lubin, the co-creator of the Ethereum network, have received an ominous email last Friday night, November 30. According to the email, sent by Lubin himself, ConsenSys would change and would suffer a massive strategic shift.
2018-12-6 04:28 | |
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In what may be a sign that business in the cryptocurrency space is in a winding down phase, U. K. -based bitcoin exchange Coinfloor is bidding adieu to half of its staff.
2018-10-9 00:14 | |
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Computer manufacturing company HTC says it is on the verge of releasing its upcoming blockchain phone, Exodus, which was first announced in May of 2018. Chief crypto officer at HTC Phil Chen leads the company’s blockchain and cryptocurrency initiatives.
2018-7-18 19:47 | |
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UBS Group AG's 13F filing reveals a significant stake in BlackRock's iShares Bitcoin Trust (IBIT), signaling growing institutional interest in crypto. The post Swiss bank UBS holds 3,600 shares in BlackRock’s iShares Bitcoin Trust, SEC filings show appeared first on Crypto Briefing.
Former Twitter CEO Jack Dorsey predicts Bitcoin could reach at least $1 million by 2030, citing Bitcoin's collaborative ecosystem and growing mainstream adoption as key price drivers.
Deutsche Bank analysts warn of stablecoin risks, citing Tether's lack of transparency. The post Tether refutes Deutsche Bank research revealing stablecoin solvency risks appeared first on Crypto Briefing.
Lagrange Labs, a cryptography startup specializing in zero-knowledge proofs, raises $13.2M seed round led by Peter Thiel's Founders Fund. The post Lagrange Labs closes $13.2M to build out ZK proofs based on EigenLayer appeared first on Crypto Briefing.
Founded at Harvard, Botanix Labs raises millions to build the first Bitcoin-native Layer 2 primitive with full EVM equivalence — Spiderchain.
Key takeaways London-based Revolut has launched Revolut X to compete with leading crypto exchanges. Bitbot’s presale has now officially crossed the $3. 2 million mark. Revolut X is now live for experienced traders Financial institutions continue to troop into the cryptocurrency space and London-based Revolut will not be left out.
QCP Capital secures initial approval to operate in Abu Dhabi, expanding its crypto options trading services to the Middle East. The post QCP Capital secures preliminary approval to operate in Abu Dhabi appeared first on Crypto Briefing.