Crypto Exchange Blockchain.com Slashes Headcount for the Second Time, Lays off 28% of Employees

Blockchain. com lets go of 28% of its staff to achieve profitability in 2023. It slashed 25% of its workforce in July 2022, impacted by the collapse of 3AC. The post Crypto Exchange Blockchain.

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Binance To Increase Workforce By 15%-30% Despite Crypto Winter

Crypto exchange Binance has decided to conduct a hiring drive amidst the market turmoil, especially when rival exchanges have been laying off employees constantly. The crypto exchange will, or at least is planning to, increase its workforce by 15-30% in 2023, as mentioned by Binance CEO Changpeng Zhao at the Crypto Finance Conference held in […]

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Coinbase faces another blow as it winds down most Japanese operations

Coinbase is winding down the majority of its operations in Japan. A few employees are being retained to ensure the safety of customer assets. American crypto exchange Coinbase Inc. will shutThe post Coinbase faces another blow as it winds down most Japanese operations appeared first on AMBCrypto.

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Coinbase lays off 950 employees, CEO says the exchange is well capitalized

The exchange wants to reduce operating costs by 25%. It is the second crypto exchange after Huobi to confirm layoffs in 2023. Coinbase CEO has however confirmed that the exchange is well capitalized.

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Coinbase Cuts Around 20% of Workforce as Crypto Winter Rages

Crypto exchange Coinbase has said it is planning to reduce its headcount by around 950 employees as part of a restructuring which it expects to be complete by the end of Q2 2023.

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Osprey Funds is operating with less than 10 employees after layoffs

Crypto asset manager Osprey Funds, which manages the Osprey Bitcoin Trust (OBTC), is operating with less than 10 employees after layoffs, Yahoo Finance reported on January 9 citing sources familiar with the matter.

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Silvergate stock price falls 46% amid massive layoffs

Silvergate shares plummeted 46% as the company announced to lay off 40% of its workforce, equating to approximately 200 employees. Silvergate struggles to remain in business Silvergate, a publicly traded crypto banking company, has had its share price fall 46%…

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Is Huobi safe? Why customers should be withdrawing funds

Key Takeaways Crypto exchange Huobi is reportedly laying off 20% of its workforce and has requested employees take their salaries in stablecoins Internal communication has reportedly been suspended in order to quell discontent Customers are pulling their funds from the exchange, while volume is down 23% Its native token has fallen 10%.

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Genesis says 30% of employees will go in new lay-offs

According to the Wall Street Journal, Genesis Global Trading Inc. let off 30% of its workforce today, the latest indication of the crypto lender's ongoing financial difficulties.

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Wyre said to shut down and lay off employees as CEO declares scaling back

Crypto firm Wyre has reportedly informed its employees it is shutting down operations in the first quarter of 2023. Its CEO insists that the company is scaling back. Wyre, a blockchain-based payments transfer company that has operated since 2013, is…

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Billions Lost, Employees Cut Off — Inside The Metaverse’s Bad Run In 2022

If wishes were granted on the metaverse, the first would be to delete the year 2022 from the history books and push on with the highs of 2021. The metaverse had resonated in crypto spaces for a while but boomed in late 2021 when Facebook founder Mark Zuckerberg joined the train announcing a metaverse platform […]

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Mythical Games sues former execs for secretly raising $150m for new startup

Mythical Games, a crypto gaming startup supported by Andreessen Horowitz, has filed a lawsuit, alleging that three former high-level employees broke their fiduciary duties by utilizing their connections and business tactics to raise $150 million in funding.

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Binance Chief Warns Employees of Challenging Times Ahead amid Crypto Winter

Coinspeaker Binance Chief Warns Employees of Challenging Times Ahead amid Crypto Winter The Binance CEO also spoke about the USDC withdrawal suspension while explaining the impact of the crypto winter.

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3Commas debunks claims that employees stole users’ API keys

Crypto trading company 3Commas is in the eye of a storm: while some accuse its employees of stealing users’ API keys, the company insists such claims are fake. In a recent post, the CEO of 3Commas, Yuriy Sorokin, stated that…

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BlockFi employees were discouraged from describing risks in internal communications: Report

According to a former employee, an internal team at BlockFi raised concerns about the borrower pool being too concentrated among crypto whales such as Three Arrows Capital and Alameda.

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Bankrupt Crypto Lender Celsius Incurs Customer Wrath With Staff Bonuses

Celsius Network won court approval to distribute bonuses worth $2.8 million to its employees. What about users’ funds? The post Bankrupt Crypto Lender Celsius Incurs Customer Wrath With Staff Bonuses appeared first on BeInCrypto.

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As crypto winter freezes profits, these exchanges are now left in the cold

Australian crypto exchange Swyftx cuts down workforce by 40% due to the ongoing crypto winter ByBit decides to lay off employees for the second time considering the market scenario The cryptThe post As crypto winter freezes profits, these exchanges are now left in the cold appeared first on AMBCrypto.

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AAX clients storm exchange's office in Lagos following operational halt

A group of angry users attacked crypto exchange employees after withdrawals were halted, according to local media.

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Kraken laying off 30% of global workforce

Kraken, one of the biggest crypto exchanges in the world, will let go of around 1,100 employees, or 30% of its workforce, "in order to adapt to current market conditions."

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South Korea Exchange Bans Families of Staff From Trading Crypto 

Dunamu, the company that runs Upbit, has extended trading prohibitions to the relatives of its executives and employees. The post South Korea Exchange Bans Families of Staff From Trading Crypto  appeared first on BeInCrypto.

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Crypto Exchange Lemon Cash Lets Go of 38% of Staff to Survive Crypto Winter

Lemon Cash had to lay off around 100 employees, which consists of 38% of the company's staff, to survive crypto winter. The post Crypto Exchange Lemon Cash Lets Go of 38% of Staff to Survive Crypto Winter appeared first on BeInCrypto.

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Solana’s Metaplex slashes workforce

Metaplex is the latest company to be affected by FTX's contagion as it laid of several employees. However, the protocol claims to have no direct exposure to the bankrupt crypto exchange.

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Ripple Top Exec Makes Surprising Offer To FTX Employees As Exchange Files For Bankruptcy

The offer comes as FTX files for Chapter 11 bankruptcy protections. Bankman-Fried has also resigned, entering the fifth day of the crypto exchange’s catastrophic meltdown due to a liquidity crunch.

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Bankman-Fried’s Cabal of Roommates in the Bahamas Ran His Crypto Empire – and Dated. Other Employees Have Lots of Questions

“The whole operation was run by a gang of kids in the Bahamas,” a person familiar with the matter told CoinDesk on the condition of anonymity.

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Dapper Labs Lays-off Employees as NFT and Crypto Market Tumble

After past reports that Dapper Labs was silently cutting down its staff, the network just today sent a public letter to employees announcing the reduction of its workforce by 22%. Dapper Labs cited the company’s health as the main driver…

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Crypto Wallet Blocto Launches $3M Fund for Aptos-Based Projects

The layer 1 blockchain from ex-Meta employees made its mainnet debut last month with a limited ecosystem.

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Bankruptcy Judge Denies Celsius’ Motion to Pay Employees $3M in Retention Bonuses – At Least Temporarily

A federal judge struck down Celsius’ plans to pay out nearly $3 million in retention bonuses to a select group of employees on Tuesday, citing the lack of transparency in the bankrupt crypto lender’s public filings.

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Warren, Ocasio-Cortez Ask Regulators to Clarify Stance on Crypto Hires

U.S. Senator Elizabeth Warren ((D-Mass.) and Representative Alexandria Ocasio-Cortez (D-N.Y.) have asked regulators to clarify their rules on former employees obtaining roles in the crypto industry.

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Women Tech Execs Spill the Secrets to Integrating Innovation

A panel of women tech executives, including one working in crypto, have shared their methods for getting their employees, and customers, to adapt to new technology. The post Women Tech Execs Spill the Secrets to Integrating Innovation appeared first on BeInCrypto.

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DeFi Apps display their soft underbelly - October 2022 is the biggest month for Crypto hacks ever

Decentralized Finance protocols are harder to run than they look. There are multiple points of failure for platforms including smart contract exploits, flash loan attacks, and rug pulls by anonymous employees.

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Crypto.com Cuts Staff By Up To 40% – Oryen Network, Binance, And UniSwap Keep Hiring

2,000 employees of the advertising-heavy crypto exchange Crypto. com, which makes up about 40% of its workforce, have already been laid off since July of this year. Initially, the exchange announced only to let go of 260 workers, which is significantly lower.

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Indian Crypto Exchange WazirX Lays Off 40% of Its Employees: Sources

Indian Exchange WazirX has laid off 50 to 70 people out of a workforce of around 150, according to people familiar with the matter.

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Indian Crypto Exchange WazirX Lays Off Roughly 40% of Its Employees: Sources

Indian Exchange WazirX has laid off 50 to 70 people out of a workforce of around 150, according to people familiar with the matter.

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Chicago Crypto Capital Employees Sued by SEC for Fraud & Unregistered Offering Sale

DeFi advisory firm. Chicago Crypto Capital and its three employees are being sued by the Securities Exchange Commission (SEC) for fraud and conducting an unregistered offering. The post Chicago Crypto Capital Employees Sued by SEC for Fraud & Unregistered Offering Sale appeared first on BeInCrypto.

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SEC Sues 'Chicago Crypto Capital,' Employees for Illegally Selling BXY Tokens

Chicago Crypto Capital (CCC), its owner, and two salesmen are being prosecuted for their illegal sale of BXY tokens to investors from August 2018 to September 2019.

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Crypto Financial-Services Firm Galaxy Digital Hires Andrew Lace for Its London Trading Division

The firm has been hiring aggressively despite concerns of a crypto winter and plans to end the year with more than 400 employees.

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Crypto Lender Voyager Can Pay Employees 'Retention' Bonuses, US Judge Rules

Judge Michael Wiles also agreed to withhold the names and titles of the employees who may receive the bonuses.

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Crypto New Casualty – Hodlnaut Sacks 80% Of Personnel Due To Liquidity Crisis

Troubled Crypto lender Hodlnaut has laid off 80% of its employees and filed for judicial intervention in Singapore in a bid to decrease costs and stay afloat. On Friday, Hodlnaut, which offers cryptocurrency investment options in approved institutions with interest, disclosed liquidity issues.

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Voyager Customers Say No to 'Retention' Bonuses for Employees of Bankrupt Crypto Lender

A group of Voyager's creditors have formally objected to the beleaguered crypto lender's bid to pay "retention awards" to its current employees, saying Voyager has done nothing to reduce personnel costs.

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Voyager Customers Say No to Employee 'Retention' Bonus Bid

A group of Voyager's creditors have formally objected to the beleaguered crypto lender's bid to pay "retention awards" to its current employees, saying Voyager has done nothing to reduce personnel costs.

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Singapore-based crypto lender Hodlnaut cuts 80% jobs

Hodlnaut, a troubled Singapore-based crypto lender, says it has released 80% of its workforce as it looks to execute a recovery plan after its financial health took a major hit. In a blog post Friday, Hodlnaut said that it has laid off 40 employees (constituting 80% of the staff) since halting withdrawals.

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Fake employees and social attacks: Crypto recruiting is a minefield

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Only 50 or so profiles out of 7,000 Binance employees on LinkedIn are real, says CZ

LinkedIn crypto scams typically start off with unsolicited token listing offers from LinkedIn users claiming to be from reputable crypto exchanges.

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In Crypto Winter, Jesse Powell’s Pirate-King Leadership Style Might Be the New Normal

Less than 1% of employees have taken the CEO’s buyout offer since he laid down the law on culture. Is Kraken a “based” place to work, or just somewhere to ride out crypto winter?

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Fintech Firm Revolut Unfazed By Bear Market, Hires 20% More Crypto Talent

Fintech company Revolut continues its cryptocurrency campaign with intentions to boost its digital currency team by 20%, undeterred by the bear market’s continuous fragility. Across the next six months, the British fintech startup wants to expand its crypto-focused employees in the United States, the United Kingdom, and Europe.

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Robinhood Axes 23% of Staff, Cites “Broad Crypto Market Crash”

Robinhood CEO Vlad Tenev said the layoffs were concentrated in its operations, marketing, and program management departments. Another Robinhood Staff Cut Robinhood is letting go of even more employees. A...

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Bitwage partners with Casa and Edge wallets for better crypto payroll services

Bitwage, a global leader in facilitating Bitcoin, crypto, and stablecoin payrolls, has announced its partnership with top Bitcoin and crypto wallets Casa and Edge. There has been a paradigm shift in how businesses and companies make payments to their employees.

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Layer 1 Blockchain Aptos Raises $150M From FTX, Jump Crypto

The Series A funding round has brought Aptos Labs total capital raised in 2022 to $350 million. Aptos Closes $150 Million Funding Round Former Meta employees have raised $150 million...

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Gemini cuts more staff as many crypto prices increase: Report

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.

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