2023-10-5 20:34 |
The company cited macroeconomic headwinds limiting the company's ability to drive revenue as a reason for the cuts.
Similar to Notcoin - TapSwap on Solana Airdrops In 2024
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The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 13, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
2023-9-13 15:01 | |
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According to a recent report by Forbes, Checkout. com, the London-based credit card processing company, has terminated its contract with the largest crypto exchange in the world, Binance, citing concerns over money laundering and compliance issues.
2023-8-19 03:30 | |
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Per a report from TheBlock, competitor CoinDesk cuts its workforce almost in half as the company prepares to complete a major deal. Crypto reporter Frank Chaparro reviewed an internal memo announcing the decision today.
2023-8-14 17:40 | |
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Stablecoin issuer Circle has cut its workforce slightly to maintain a “strong balance sheet,” the company said Wednesday.
2023-7-13 20:51 | |
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Binance. US, the American counterpart of Binance, has laid off about 50 staff members across its legal, compliance, and risk departments. , Reuters reported June 15. Two Binance. US employees, who have not been identified, disclosed a “round of layoffs” on LinkedIn and said that they were leaving the company.
2023-6-16 23:40 | |
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The parent company of the defunct Silvergate Bank disclosed significant staff cuts and the delisting of its securities in an SEC filing.
2023-5-12 04:32 | |
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The company announced in November 2022 that it was working on a new Animoca Capital fund with a target of $2 billion but then halved that target in January 2023.
2023-3-26 00:30 | |
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Discover how Meta's recent decisions, including 10,000 job cuts and the end of its NFT experiment, signal a desperate struggle for relevance. Will new strategies or leadership changes save Meta, or is it facing an inevitable decline? The post Meta Identity Crisis: The Company’s Struggle for Relevance appeared first on BeInCrypto.
2023-3-16 22:20 | |
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A below par financial performance, bankruptcy filings and company closures, exposure to FTX’s collapse, job cuts, and slow down in certain investments or projects were some of the challenges crypto companies faced in the year 2022.
2023-2-5 23:19 | |
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Protocol Labs, the company behind decentralized file storage network Filecoin, is laying off 21% of its staff, CEO Juan Benet announced in a blog post on Friday.
2023-2-4 00:41 | |
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Crypto financial services company Matrixport, co-founded by Jihan Wu, has joined the list of companies carrying out job cuts.
2023-1-28 17:49 | |
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Despite the ongoing relief rally in the crypto market, negative news seems to be never-ending. The latest to make it to the headline today is Gemini, as the crypto exchange company has reportedly cut down another 10% of its global staff according to a recent report published by The information citing an internal message. This […]
2023-1-24 01:56 | |
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The crypto exchange’s dwindling group of sell-side bulls said Tuesday’s announced staffing cuts are a necessary step.
2023-1-11 22:48 | |
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CEO John Crain said the company overhired during the market upswing and could not sustain its growth in recent months.
2023-1-7 06:05 | |
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The job cuts come a day after the company said it would be “reducing costs and driving efficiencies” amid a challenging environment for crypto companies.
2023-1-6 20:27 | |
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Coinspeaker TikTok Parent ByteDance Cuts Several Hundred Jobs in China TikTok-parent ByteDance said that these job cuts come as part of the company's plans to streamline operations. TikTok Parent ByteDance Cuts Several Hundred Jobs in China
2023-1-4 15:18 | |
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Swyftx cuts 90 jobs as the cryptocurrency winter continues to affect more companies. The company follows exchanges like Coinbase, Bybit, and Kraken in reducing its employee headcount to cope with the bear market.
2022-12-5 13:00 | |
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Employees at sprawling American multinational technology conglomerate Meta face uncertainty amid a broad restructuring plan that includes significant layoffs. In a Wednesday letter to employees, Mark Zuckerberg stated that they had decided to slash the company’s workforce by about 13% following an unexpected turnaround in the company’s revenues.
2022-11-16 17:24 | |
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Binance USD (BUSD) market cap has been on the rise in the last 30 days thanks to its parent company's move to convert deposits of USDC, TUSD, and USDP into it for settlements on the exchange The post BUSD Supply Crosses $20B, Cuts Into USDC Market Share appeared first on BeInCrypto.
2022-10-23 16:00 | |
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The company has been gradually replacing its commercial paper holdings with U.S. Treasury bills.
2022-10-14 20:00 | |
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In addition to job cuts of as much as 40% of staff, the company has also been pulling back from marketing deals, according to the story.
2022-10-7 20:15 | |
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A trademark application covering its future efforts in the Metaverse and NFT space comes only a month after the company announced huge staff cuts.
2022-9-9 05:45 | |
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The company’s second-half revenue and adjusted EBITDA fell mainly due to the decline in bitcoin prices.
2022-8-25 00:30 | |
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Michael Moro, the CEO of crypto broker Genesis has quit as the company cuts 20% of jobs.
2022-8-18 16:23 | |
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The Bitcoin mining company plans to expand its fleet of mining devices, coming on the back of staff lay-offs and executive salary cuts just weeks before.
2022-7-23 08:50 | |
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Gemini has conducted another round of layoffs, according to a TechCrunch report. The company has reduced its workforce by an additional 7% as the effects of crypto winter continue to hit. The post Gemini Crypto Exchange Cuts More Staff in Second Round of Layoffs appeared first on BeInCrypto.
2022-7-19 10:17 | |
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A source close to the crypto exchange reportedly said there were 68 fewer employees on the company’s Slack channel as of Monday, suggesting Gemini had cut roughly 7% of its staff.
2022-7-19 22:17 | |
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Compass Mining is reassessing its priorities after growing too quickly, the company said in a statement.
2022-7-8 00:59 | |
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The company last week extended the deadline to complete its SPAC merger until the end of 2022.
2022-7-5 21:19 | |
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Withdrawals are still paused and the company has hired restructuring experts as it faces a financial crisis.
2022-7-4 12:16 | |
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The company faces a difficult choice between shareholder dilution and effective employee compensation, the report said.
2022-6-27 15:48 | |
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The company’s headcount will be reduced by roughly 150 employees
2022-6-27 09:05 | |
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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 CEO of crypto exchange Binance has revealed that the company is hiring for 2,000 open positions in spite of the recent market downturn.
2022-6-16 20:03 | |
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The company is the latest crypto firm to announce job cuts, including Gemini, Rain Financial and others.
2022-6-14 17:14 | |
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The company is the latest crypto firm to announce job cuts, including Gemini, Rain Financial and others.
2022-6-13 17:14 | |
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The company, which had more than 700 employees before the cuts, counts four million users in the region.
2022-5-27 23:53 | |
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The company will focus on its current operations in Argentina, Mexico and Peru, and freeze previous plans to expand into other countries.
2022-5-24 21:31 | |
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Facebook’s parent company, Meta, has announced that it would take a cut of 47. 5% on any virtual asset sales made in its Metaverse. A look into Horizon Worlds Meta has announced plans to take cuts of up to 47.
2022-4-16 07:11 | |
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The global job cuts will impact about 25% of the company's workforce and come after plans by a company founded by BitMEX executives to buy a German bank fell through in March.
2022-4-5 19:59 | |
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After making a series of cuts in its interest rates for crypto holdings in 2021, crypto lender, BlockFi has finally made the first increase of this year. BlockFi, which sets the rates based on market dynamics for lending and borrowing, announced this week that starting October 1st, the company is raising increasing rates for all […] The post Crypto Lender BlockFi Increases All Stablecoin Rates amidst Regulatory Pushback first appeared on BitcoinExchangeGuide.
2021-9-29 17:54 | |
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Open-source project and community-run crypto wallet Pillar, today launched V2 of its multichain crypto wallet. The company’s founders are holding a webinar launch event called “Will DeFi Cross the Chasm?” on June 30th at 6 pm CET to show attendees how the V2 multichain wallet can benefit them.
2021-6-29 17:16 | |
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NiceHash released a blog post warning the platform’s miners to stop using Phoenix miner immediately. The company noted the following problems with the anonymously developed software: The Phoenix miner download location changed; The control shasum does not match the published value.
2021-3-7 20:22 | |
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Investment firm Jefferies trims exposure to gold for the first time in years in favour of bitcoin (BTC). Christopher Wood Cuts Exposure to the Yellow Metal According to a report by Business Standard, Chris Wood, global head of equity strategy at investment company Jefferies is poised to reduce exposure to the time-tested precious yellow metalRead More
2020-12-21 16:00 | |
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Corpoelec, the Venezuelan state power company, has cut power to bitcoin mining equipment, according to a local miner. As a result, mining farms scheduled a meeting to negotiate with the government.
2020-11-14 16:19 | |
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Reports say the Venezuelan state electricity company Corpoelec is disconnecting bitcoin mining farms in Carabobo state on orders from authorities. The power disconnections come amid reports that government and Corpoelec officials are planning to meet mining farm operators.
2020-11-12 14:16 | |
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Nasdaq-listed Marathon Patent Group has agreed to a joint venture deal with U. S. independent power producer Beowulf Energy to deliver cheap electricity for its bitcoin mining operations in the country’s north.
2020-10-15 02:30 | |
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Coinspeaker Airbus (AIR) Stock Dips 2% as Uncertainty Surrounds Firm’s Job Cut PlanAirbus CEO Guillaume Faury has disclosed that the company may pursue job cuts. AIR stock is down today, trading at around 63 EUR.
2020-9-23 17:22 | |
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A new report by crypto research company Bitooda claims that China accounts for only 50% of global Bitcoin mining capacity, and the U.S. 14%. The data is in sharp contrast with earlier findings from the University of Cambridge Centre for Alternative Finance (CCAF), which put China’s share of the world hash rate at 65% and […] The post Report Cuts China’s Bitcoin Mining Capacity to 50% of World Total, Raises US’ to 14% appeared first on Bitcoin News.
2020-7-18 03:05 | |
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Nevada regulators recently ordered the crypto company, which BitGo had planned to buy, to cease operations and noted a shortfall in customer funds.
Alejandro Navia, President of NFT Now, tweeted that the Web3 publication had “over-hired.” Meanwhile, another founder of NFT Now’s Twitter was hacked over the weekend.
Binance has stopped offering certain benefits to its employees on June 19 as the company’s profits continue to decline, according to former employees and internal company messages viewed by the Wall Street Journal.
Binance has laid off over 1,000 workers globally in recent weeks, the Wall Street Journal reported.
Dapper Labs made prior cuts in February and November.
Trading platform Robinhood (HOOD) has cut 7% of its full-time staff, about 150 employees, in the third round of layoffs since April 2022.