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Op-Ed: Is Coinbase Losing Ground To Binance?
If you were around during the peak of the crypto bull market in late 2017 you’ll remember that there were many projects/exchanges with more funds raised than you can imagine. But since then, a very well needed market correction created the beginning of a bear market, which forced many projects to cut down on staff […] The post Op-Ed: Is Coinbase Losing Ground To Binance? appeared first on ZyCrypto. дальше »
2019-3-27 00:43 | |
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Cryptocurrency Mining Giant Bitmain Officially Gives up on Going Public in Hong Kong
Bitmain Technologies, a Chinese based chip maker of specialized cryptocurrency mining machines, has shelved its plans to list on the Hong Kong Stock Exchange due to a number of reasons including staff lay-offs, a protracted bear market, and management restructuring reported the South China Morning Post on March 26. дальше »
2019-3-27 20:29 | |
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South Korea’s Biggest Exchange Bithumb Will Slash Half of Its Staff as Bear Market Blues Strike Again
The crypto winter continues to make victims. Unfortunately, the next victims are the employees of Bithumb, the largest cryptocurrency exchange in South Korea. Coindesk Korea has recently reported that the affirmed that it would cut the number of employees from the current 310 to around 150 soon. If this is confirmed, half of the team […] дальше »
2019-3-19 00:54 | |
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First Digital Assets Announces Layoffs and Restructuring
The latest firm to restructure its operations in light of the bear market is First Digital Assets, who announced on March 4, 2019, that they would be laying off staff and closing its research arm. Damage Control Many companies have been hit hard by the crypto winter and it would seem that many have beenRead MoreRead More. дальше »
2019-3-6 14:00 | |
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Huobi Closes Australian Office Due To ‘Poor Market Conditions’
Huobi Australia has announced on social media that its office will close as of 26th February 2019. All operations will transfer to Huobi Global headquarters in Singapore. The company blames the closure on “poor market conditions and associated recent staff redundancies. дальше »
2019-2-25 17:00 | |
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Crypto Bear Market is Prime Entry Point For Tech Giants
The yearlong plunge in cryptocurrency markets has resulted in downsizing for many tech startups but for the big players it could provide the perfect entry point. Big Players Looking Towards Blockchain Many blockchain projects have faced the squeeze in recent months and been forced to let staff go and downsize operations. дальше »
2019-2-12 12:00 | |
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Bitcoin Bears Maul Another Victim: Crypto Exchange Coinsquare Lays off a Third of Employees
It has already been a tough few months for the crypto industry and nobody is feeling that more than crypto-related employees who have been dropping like flies in recent weeks. Canadian based cryptocurrency exchange Coinsquare is the next crypto firm to lay off workers as the market goes through difficult times. дальше »
2019-2-7 12:37 | |
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Canada’s Crypto Market in Trouble, QuadrigaCX Fiasco and Coinsquare Staff Layoff
It has become abundantly apparent that the Bitcoin crash-induced crypto winter hasn’t managed to seduce bears. The crash in the broader cryptocurrency market, which sent investors running en-masse, has resulted in a number of layoffs at this (not so) budding sector’s most preeminent firms. дальше »
2019-2-5 16:02 | |
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Coinsquare Lays off 40 Employees in a Troublesome Month for Crypto Exchanges
Leading Canadian cryptocurrency exchange Coinsquare has reportedly laid off almost a third of its staff. The news comes after at least five other trading platforms found themselves in trouble during the past month. дальше »
2019-2-5 00:25 | |
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Cryptocurrency startup NEM discloses layoffs and wasteful budget
Another cryptocurrency startup is laying off staff and restructuring its business entirely. This week, it’s the group behind the NEM blockchain and its token, XEM, and of course, it’s the bear market‘s fault. дальше »
2019-1-31 19:16 | |
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NEM Slides as Foundation Faces Bankruptcy, Layoffs and Restructuring
The Singapore based NEM Foundation is the latest to suffer from the prolonged bear market as it faces bankruptcy fears and axes staff. In recent months a number of crypto companies including Bitmain, ConsenSys, Huobi and Blockfolio have downsized and cut staff in the midst of the ever deepening crypto winter. дальше »
2019-1-31 10:16 | |
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The Daily: Huobi Downsizes, New OTC Desk to Launch in US
In Wednesday’s edition of The Daily we cover a number of developments that show how cryptocurrency exchanges around the world are evolving to attract institutional investors while also adding new services to stay competitive in this bearish market. дальше »
2019-1-23 17:30 | |
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ConsenSys Job Cuts Did Not Exceed 10% Of Its Employees And Kept Core Developers Intact
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 […] дальше »
2019-1-22 14:13 | |
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Bitpay Reports Processing Over $1 Billion Transactions in 2018
Popular cryptocurrency payment processor Bitpay has released figures showing that the company maintained strong performance during 2018, despite the downturn in the market. For example, while other ventures had to downsize recently, Bitpay’s staff increased by 78 percent from the previous year. дальше »
2019-1-17 12:55 | |
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Canada’s First All-Crypto Legal Firm Opens Its Doors to Global Clientele
Technology lawyer Addison Cameron-Huff launched his new, Toronto-based, all-crypto legal firm on January 3, 2019, Bitcoin’s 10th anniversary, as a statement of his commitment to working for and promoting Bitcoin and cryptocurrency-based businesses. дальше »
2019-1-11 21:17 | |
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ShapeShift lays off 37 staff as ‘crypto winter’ takes hold
The “crypto winter” is far from over and cryptocurrency exchange ShapeShift is the latest to fall victim to its harsh ways. In a blog post published yesterday evening, ShapeShift CEO Erik Voorhees announced that he has had to “let 37 employees go. дальше »
2019-1-9 13:04 | |
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Cryptocurrency Bear Market Pressures Shapeshift into Layoffs
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. дальше »
2019-1-9 03:00 | |
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ConsenSys and AMD Partner to Develop Blockchain Based Cloud Computing
Both AMD and ConsenSys have had what some would describe as a rough ride during the crypto bear market of 2018. The former has seen stock prices plunge 40% in the past four months while the latter has been shedding staff and downsizing. дальше »
2019-1-5 11:18 | |
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As Crypto Companies Increase Layoffs Due to Bear Market, Be Watchful for Whistleblowers
Even with a few wins for altcoins in the crypto industry, the market has largely seen mostly declines over the course of the last few months. Unfortunately, without the revenue that each of these platforms need, it becomes harder to maintain the size of the original staff. дальше »
2018-12-31 20:21 | |
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Bitmain Reportedly Will Sack More Than Half of Workforce
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. дальше »
2018-12-29 21:20 | |
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Bitmain Reportedly Will Sack Up to 85 Percent of Workforce
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. дальше »
2018-12-27 21:20 | |
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Huobi and Bitmain Planning Layoffs Amid Crypto Bear Market
As the price of Bitcoin and cryptocurrencies have fallen by as much as 90 percent from their all-time highs, crypto companies are starting to feel the strain. According to the South China Morning Post, Chinese crypto giants Huobi and Bitmain are planning staff layoffs owing to the almost year-long crypto winter. дальше »
2018-12-27 19:59 | |
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Huobi Set to Axe Part of Its Staff Amid Extended Bear Market
CoinSpeaker Huobi Set to Axe Part of Its Staff Amid Extended Bear Market Following the recent news about Bitmain and ConsenSys, another cryptocurrency giant, Huobi, has announced its plans for reducing the company's staff. дальше »
2018-12-27 18:48 | |
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Huobi Joins Bitmain In Laying Off Staff Amid Crypto Bear Market Conditions
Bitmain And Huobi To Lay Off Staff Amid Crypto Bear Market Two crypto giants, the mining manufacturer Bitmain and the crypto exchange Huobi, were recently reported to lay off some of their staff amid the price drops that the market has faced in 2018, in which the price of Bitcoin went from almost $20,000 USD […] дальше »
2018-12-26 21:41 | |
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ConsenSys May Be Laying Off Its Team In Droves, But Ethereum’s Joe Lubin Calls The Crypto Bottom
Crypto Market Has Found A Bottom, Claims Ethereum Co-Founder Recent reports regarding the possibility of ConsenSys having to lay off half of its staff have brought a lot of speculation and uncertainty into the crypto community. дальше »
2018-12-23 21:35 | |
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Justin Sun Urges ConsenSys Staff Facing Lay Offs, To Send their Resumes to the Tron (TRX) Foundation
Two days ago, news emerged that ConsenSys was planning on making significant cuts to its staff due to the prolonged crypto bear market of 2018. ConsenSys is an Ethereum (ETH) focused startup incubator that aims at growing the network and bring forth the benefits of blockchain technology and tokenization. дальше »
2018-12-22 13:02 | |
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While Ethereum (ETH) Price Continues To Rebound, ConsenSys’ Will Still Cut Over Half Of Its Team
ConsenSys To Cut 60% Of Its Staff Amid Bear Market The blockchain company ConsenSys seems to be cutting its staff according to data provided by the news outlet ‘the Verge.’ According to individuals with knowledge of the matter, it might be possible to see a cut between 50% to 60% of the personnel at ConsenSys. […] дальше »
2018-12-21 20:52 | |
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Poor Performing Blockchain and Crypto Businesses Lay Off Staff to Cut Costs as Economy Feels the Pressure
Cryptocurrency and blockchain businesses are feeling the pinch that’s affected the entire market this year. This has seen some of them laying off employees. While this has been happening, the good news is that the turnover rate in the blockchain industry is still lower than that of many other industries. More companies have sacked workers, […] дальше »
2018-12-18 22:25 | |
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Downward Crypto Price Trend Leads ETH-based Status.IM Browser to Let Go of a Fourth of Its Team
The bear market of the cryptocurrency world has been affecting more than just the investors. Platforms and even startups are struggling to keep themselves afloat right now. Falling victim to the harsh circumstances of this downward trend, Status. дальше »
2018-12-15 23:24 | |
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ConsenSys, Steemit, and SpankChain Axe Staff Due to Bearish Crypto Market
It was not too long ago when euphoria surrounding the cryptocurrency industry reached its tipping point. The industry hit a record high market capitalization of $813 billion on January 8, 2018. Crypto came out of the rooms of geeky software developers and gamers into the mainstream, as almost every other ICO was able to raise millions, if not billions of. дальше »
2018-12-10 22:00 | |
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Bitmain Follows Industry Trend, Shutters Operations in Israel
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. дальше »
2018-12-10 20:51 | |
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Crypto Bear Market Has Even Led $15 Billion Bitmain to Lay Off Employees
The ongoing bear market has begun to take its toll on a number of businesses, as many seek to close up operations, reduce staff, or make other changes that impact their ability to stay afloat. The latest cryptocurrency firm to feel pressure due to continued price decline, is the $15 billion-valued mining giant Bitmain. дальше »
2018-12-10 19:59 | |
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Bitcoin Mining Giant Bitmain Is Collapsing – And It Only Has Itself To Blame
The Israeli research and development arm of cryptocurrency mining giant Bitmain will close, resulting in the firing of all 23 staff due to market “turmoil. ” Glikberg: Bitmain ‘Forced’ To Reevaluate As local media outlet Globes reported December 10, Bitmain, which continues to face financial problems of its own this year, will formally end all activities at its offshoot just three years after it began operations. дальше »
2018-12-10 18:00 | |
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Bitmain forced to shut down Israel operations due to cryptocurrency bear market
It appears the downturn of the cryptocurrency market is having a ripple effect (pun intended) on the industry. Numerous blockchain businesses have been forced to close down or lay off staff to survive – and the latest one is Bitmain. дальше »
2018-12-10 16:33 | |
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ConsenSys CEO is Planning Company Restructure Following Bear Market
The continued bear market is taking its toll on cryptocurrency investors, miners, and businesses alike, and has prompted ConsenSys to consider restructuring its business plans so it can adapt to the new market environment and continue to thrive. дальше »
2018-12-6 23:00 | |
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Bitmain, ConsenSys, Fidelity and More Put $27.5M in the New Crypto Trading Platform
CoinSpeaker Bitmain, ConsenSys, Fidelity and More Put $27. 5M in the New Crypto Trading Platform A Series B funding round of ErisX raised $27. 5 million. The investments will be used to hire staff, create infrastructure, and secure the appropriate steps to develop a regulated market for digital assets. дальше »
2018-12-5 12:54 | |
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Blockchain startups forced to lay off staff to survive the bear market
The bear market – which many optimistically hoped would only span a few months – has swallowed the entire year, and with it, a string of cryptocurrency projects. The latest casualty is ETCDEV, the development team for much of the software adopted by notable alt-coin Ethereum Classic. дальше »
2018-12-4 20:33 | |
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Bitcoin ETF seekers met with SEC to present a new argument on why the Bitcoin (BTC) market is ready for an ETF
On November 26, members of VanEck, SolidX and the Cboe BZX Exchange met with U. S. Securities and Exchange Commission (SEC) staff to present a new argument on why the Bitcoin (BTC) market is ready for an exchange-traded fund (ETF), Coindesk reported. дальше »
2018-12-1 19:35 | |
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Steemit Lays Off Over 70 Percent of Staff Due to Cryptocurrency Market Crash
Steemit, a decentralized social media platform has laid off 70 percent of its staff due to the prolonged bearish cryptocurrency market. According to a Youtube video posted on November 29, 2018, Ned Scott, the CEO of Steemit mentioned that the company will prioritize a restructuring and undergo further cost reduction strategies to ensure that the company remains economically sustainable. дальше »
2018-11-30 00:00 | |
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“We Did This With Gold”: Could VanEck Be Bitcoin’s Best Bet for an ETF?
Gabor Gurbacs is confident that the approval of a bitcoin exchange traded fund (ETF) is inevitable. And he’s optimistic that the VanEck SolidX Bitcoin Strategy will be the first to deliver one to the world. дальше »
2018-11-17 01:42 | |
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Coinbase Fires 15 Employees: Crypto Bear Market’s Fault?
Yahoo: Coinbase Purges 15 Remote Customer Support Staffers In an unexpected turn of events, Yahoo Finance‘s Dan Roberts has recently learned that Coinbase, one of the foremost cryptocurrency platforms on Earth, fired a handful of staff members in the past week, indicating that the firm could be cutting costs amid tumultuous market conditions. дальше »
2018-10-27 04:52 | |
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SEC Sets Up Open Line of Communication for Fintech Projects With FinHub
The U. S. Securities and Exchange Commission (SEC) has launched a new office to engage with cryptocurrency and blockchain startups. Called the Strategic Hub for Innovation and Financial Technology (FinHub), the division will make it easier for fintech startups to interact with the regulator on related issues and the legal implications of products before they launch them. дальше »
2018-10-19 01:51 | |
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