Crypto News Today: Jack Dorsey Cuts 40% of Block for AI and Stock Surges 31%, While Pepeto Exchange Targets 100x

The crypto news today headline everyone is talking about is Jack Dorsey’s Block cutting roughly 4,000 jobs, nearly 40% of its workforce, in a sweeping AI driven restructuring that sent the stock surging 31% to $96. дальше »

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Anthropic launches AI exposure index to assess which white-collar jobs face automation risk

The AI Exposure Index highlights a shift in workforce dynamics, prompting a reevaluation of job roles and potential growth in decentralized AI solutions. The post Anthropic launches AI exposure index to assess which white-collar jobs face automation risk appeared first on Crypto Briefing. дальше »

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Jordi Visser: AI’s potential is hindered by outdated infrastructure, investor sentiment favors workforce reduction, and software disruption reshapes company valuations | The Pomp Podcast

AI advancements outpace infrastructure, reshaping market dynamics and challenging traditional growth models. The post Jordi Visser: AI’s potential is hindered by outdated infrastructure, investor sentiment favors workforce reduction, and software disruption reshapes company valuations | The Pomp Podcast appeared first on Crypto Briefing. дальше »

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Bitcoin pioneer Jack Dorsey wants 50% staff cut to feel “awkwardly human” as AI-era reset begins at Block

Block shares jumped more than 20% in premarket trading after CEO Jack Dorsey told employees the company will cut more than 4,000 roles and reorganize around an “AI-era” operating model. The reduction takes Block from more than 10,000 employees to just under 6,000 (“nearly half,” in Dorsey’s wording), while the company’s 8-K describes a “Workforce […] The post Bitcoin pioneer Jack Dorsey wants 50% staff cut to feel “awkwardly human” as AI-era reset begins at Block appeared first on CryptoSlate. дальше »

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Jack Dorsey cuts nearly half of Block’s workforce; Shares surge 23%

Block, Inc. will reduce its workforce by nearly half, cutting more than 4,000 jobs as CEO Jack Dorsey said the fintech firm restructures around artificial intelligence and leaner teams. Wall Street cheers Jack Dorsey’s AI restructure In a note shared… дальше »

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Jack Dorsey says Block to cut over 40% of workforce as stock surges 25% after earnings

Jack Dorsey says Block will cut over 40% of its workforce as shares surge 25% post earnings despite strong profit guidance. The post Jack Dorsey says Block to cut over 40% of workforce as stock surges 25% after earnings appeared first on Crypto Briefing. дальше »

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Block (XYZ) Surges 25% After Slashing Workforce by Over 40% and Raising Profit Outlook

Bitcoin Magazine Block (XYZ) Surges 25% After Slashing Workforce by Over 40% and Raising Profit Outlook Shares of Block are surging in after-hours as the company said it will cut more than 4,000 employees. дальше »

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Jack Dorsey’s Block plans to cut up to 10% of staff

Jack Dorsey’s financial technology company Block Inc. is preparing to cut up to 10% of its workforce as part of a broader effort to streamline operations and improve efficiency, Bloomberg reported, citing people familiar with the matter. Block puts workforce… дальше »

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Jack Dorsey’s Block may cut workforce by 10%: Report

Block's workforce reduction reflects a broader tech industry trend of streamlining operations amid economic challenges and strategic shifts. The post Jack Dorsey’s Block may cut workforce by 10%: Report appeared first on Crypto Briefing. дальше »

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Tether scales up with eccentric VC portfolio and aggressive hiring plan: report

Tether has built a portfolio of 140 investments spanning sectors from South American agriculture to a stake in Italian football club Juventus, according to a Financial Times report. The world’s largest stablecoin issuer expanded its workforce to 300 employees and… дальше »

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Gemini cuts workforce, closes international operations

Out with crypto, in with gambling. Gemini is laying off employees and shifting focus to Gemini Predictions, a platform that has processed over $24 million in volume since December. дальше »

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Pinterest stock tumbles as company cuts jobs to accelerate AI adoption

Pinterest's strategic shift towards AI may enhance innovation but risks short-term instability and workforce morale challenges. The post Pinterest stock tumbles as company cuts jobs to accelerate AI adoption appeared first on Crypto Briefing. дальше »

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Polygon Labs said to have laid off 60 staff following new $250 million acquisition

Ethereum scaling firm Polygon Labs disputed reports of a 30% workforce reduction, saying role overlaps from acquisitions drove the changes while its headcount remains the same. дальше »

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Security concerns and layoffs weigh on Polygon (POL) price

Polygon (POL) has seen a challenging start to the year as security concerns and workforce reductions weigh on market sentiment. Over the past 24 hours, Polygon price fell 5. 6%, underperforming the broader crypto market, which saw a decline of just 1. дальше »

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Polygon Reportedly Cuts Nearly 30% of Staff in Post-Acquisition Layoff

Polygon has reportedly cut nearly 30% of its workforce as it restructures around stablecoin payments, with social media and insider reports pointing to a major internal shakeup. The post Polygon Reportedly Cuts Nearly 30% of Staff in Post-Acquisition Layoff appeared first on BeInCrypto. дальше »

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OKX reduces its workforce in global restructuring effort

OKX's restructuring may enhance operational efficiency and client relations, potentially bolstering its position in the competitive crypto market. The post OKX reduces its workforce in global restructuring effort appeared first on Crypto Briefing. дальше »

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MENA Emerges as Global Growth Engine for Blockchain Gaming, BGA 2025 Report Finds

The Middle East and North Africa (MENA) now account for nearly 20% of the global blockchain gaming workforce. This marks the largest regional shift in industry history. The Blockchain Game Alliance’s 2025 State of the Industry Report, released at the Global Blockchain Show Abu Dhabi on December 10, 2025, highlights a dramatic shift in global The post MENA Emerges as Global Growth Engine for Blockchain Gaming, BGA 2025 Report Finds appeared first on BeInCrypto. дальше »

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Evening digest: Fed rate cut loading, China’s Nvidia chip push, Bitcoin rebound drive market mood

Markets are bracing for a pivotal Fed decision, with a widely expected rate cut setting the tone for a busy evening across policy, corporate shake-ups, and tech. Pfizer is making deep workforce cuts in Switzerland as part of a sweeping cost-saving push, while ByteDance and Alibaba scramble to secure Nvidia’s powerful H200 chips after US […] дальше »

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Walmart CEO sees AI transforming every job: Axios

AI's integration at Walmart could redefine retail job roles, emphasizing efficiency and innovation while preserving workforce stability. The post Walmart CEO sees AI transforming every job: Axios appeared first on Crypto Briefing. дальше »

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The Sandbox to lay off 50% of workforce as metaverse pioneer pivots to memecoin launchpad: report

The Sandbox Animoca Layoff дальше »

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Jack Dorsey’s Block slashes nearly 1k jobs after weak Q4 earnings

Fintech giant Block has reportedly laid off over 930 employees, as part of a restructuring effort following weak Q4 earnings. Jack Dorsey’s fintech provider Block has laid off 931 employees, representing about 8% of its workforce, just a month after… дальше »

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DOGE proposes slashing Internal Revenue Service staff by 20%

The Department of Government Efficiency (DOGE) is reportedly proposing cutting the Internal Revenue Service’s (IRS) workforce by 20% in a change expected to take effect by May 15, 2025. дальше »

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California Senator endorses Bitcoiner for seat on $500b pension fund board

California State Senator Ben Allen is eyeing further pro-crypto representation with an endorsement of Dom Bei for election to the board of California’s public pension fund. Bei is the founder of Proof of Workforce, a Bitcoin (BTC) non-profit focused on… дальше »

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Wyoming highway patrol union mulls adding Bitcoin to balance sheet: Report

The Wyoming Highway Patrol Association has adopted the Proof of Workforce’s “Get Off Zero” initiative and is reportedly exploring adding Bitcoin to its balance sheet. дальше »

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That New Sports Betting Guy You Like May Be An (AI) Agent

AI agents, the new "digital workforce," are poised to redefine talent in the crypto space, says Jennifer Murphy of Runa Digital Assets. дальше »

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California Is Working Towards Embracing Bitcoin

Bitcoin focused non-profit Proof of Workforce is working with the Office of California on legislation and Bitcoin initiatives. дальше »

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Why Binance Employees Are Remote-First

A globally distributed workforce allows us to recruit better people and serve our customers more effectively, says Binance CEO Richard Teng. дальше »

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A Surge in Senior Leadership Signals the Rise of Blockchain Gaming

Key Takeaways: The blockchain gaming industry is experiencing a noticeable influx of senior leadership, marking a significant step toward mainstream recognition and credibility. Despite this positive growth, issues around age and gender diversity remain persistent challenges that need to be addressed to ensure a balanced and inclusive workforce. дальше »

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Stablecoin Issuer Circle Cuts 6% Workforce Amid Routine Operations Review

Circle reduces its workforce by 6%, aligning with its growth strategy in AI and global markets, while preparing for a potential IPO amid crypto challenges. The post Stablecoin Issuer Circle Cuts 6% Workforce Amid Routine Operations Review appeared first on BeInCrypto. дальше »

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USDC stablecoin issuer Circle cuts 6% staff amid push for AI: report

Circle has reduced its workforce by less than 6%, saying the layoffs are part of a routine review of investments and expenses as the company continues its global expansion. Stablecoin issuer Circle has reduced its workforce by less than 6%,… дальше »

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Foundry Cuts Workforce by 60%: The World’s Largest Bitcoin Mining Pool Restructures

On Monday, Foundry, the world’s largest Bitcoin mining pool, announced a significant reduction in its workforce, laying off approximately 60% of its staff. This decision, confirmed by a report from Blockspace, affects both US and international staff, reducing the company’s headcount from over 250 to around 80-90 employees. дальше »

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Foundry slashes workforce to focus on core BTC mining operations

Foundry, the largest Bitcoin mining pool globally, has laid off approximately 27% of its workforce.  The layoffs primarily impact the ASIC repair and hardware teams, while core operations, including the mining pool, firmware team, and self-mining division, remain partially intact.… дальше »

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NFTs hit $158M weekly sales, Sky Mavis lays off 21% of workforce: Nifty Newsletter

NFTs recorded a weekly sales volume of $158 million, showing a strong weekly performance compared to the start of November.

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Axie Infinity developer cuts 21% workforce: report

Axie Infinity creator Sky Mavis lays off 50 employees as part of broader efforts to adapt post-hack and market shifts. Sky Mavis, the developer of the blockchain-based game Axie Infinity, said it will lay off 21% of its staff —… дальше »

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Axie Infinity Creator Cuts 21% of Staff Despite Year of ‘Valuable Growth'

Sky Mavis has laid off 21% of its workforce

The web3 firm said the decision was not related to its finances.

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Kraken Lays Off 15% of Workforce Amid Restructuring Efforts 

Kraken’s restructuring affects 15% of staff amid crypto industry layoffs, plans for 2025 blockchain expansion, and SEC regulatory disputes. The post Kraken Lays Off 15% of Workforce Amid Restructuring Efforts  appeared first on BeInCrypto. дальше »

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Kraken joins crypto exodus with 15% layoffs

Kraken reportedly fired 15% of its workforce, two people with insider knowledge told a New York Times reporter. дальше »

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dYdX fires 35% of workforce just two weeks after CEO returns

dYdX has announced the departure of several team members, including members of the core team. dYdX chief executive Antonio Juliano announced layoffs affecting 35% of the core team as part of a restructuring to align the company with its future… дальше »

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dYdX lays off 35% of staff shortly after major Consensys cuts

The decentralized crypto exchange laid off more than a third of its workforce on the same day Ethereum development firm Consensys cut 162 employees.  дальше »

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DYdX CEO Juliano Fires 35% of Workforce and Promises Pivot

"The company we’ve built is different from the company dYdX must be," said the CEO. дальше »

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Consensys cuts workforce by 20% amid restructuring

Consensys is reducing its workforce by 20%, a move designed to streamline operations and reinforce its leadership in the web3 space, according to an Oct. 29 release. The staff cuts are part of its new restructuring plan, which aims to strengthen its long-term sustainability and commitment to decentralization as it navigates tough economic conditions and […] The post Consensys cuts workforce by 20% amid restructuring appeared first on CryptoSlate. дальше »

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Consensys lays off 20% of its total workforce

Consensys cuts 20% of its workforce due to economic and regulatory challenges. CEO Joe Lubin criticizes the SEC’s actions as a harmful “abuse of power. ” The company aims to enhance decentralization and evolve into a “Network State. дальше »

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Consensys cuts workforce by 20%, cites macroeconomic and regulatory challenges

ConsenSys, the blockchain software firm behind the popular crypto wallet MetaMask, is laying off a significant portion of its workforce, founder and chief executive officer Joseph Lubin announced. The layoffs will impact about 20% of the company’s staff, Lubin said… дальше »

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Consensys Cuts 20% Workforce, Blames SEC’s ‘Abuse Of Power’

“Multiple cases with the SEC, including ours, represent meaningful jobs and productive investment lost due to the SEC’s abuse of power and Congress’s inability to rectify the problem,” founder and CEO Joe Lubin said in a blog post. дальше »

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MetaMask’s parent company Consensys lays off 20% of its workforce amid SEC legal battles

Consensys' layoffs highlight the broader impact of regulatory challenges on innovation and employment in the crypto industry. The post MetaMask’s parent company Consensys lays off 20% of its workforce amid SEC legal battles appeared first on Crypto Briefing. дальше »

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Blockchain.com executives face court for submitting company records late

Nicolas Cary and Al Turnball received a summons from Companies House in May Blockchain. com blamed the late filing on a restructuring of the company and a “significant reduction in the wider group’s workforce” The company filed business accounts for the year ending 2020 in October London-based Blockchain. дальше »

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BNY Mellon-backed crypto trading provider Talos Trading to double APAC workforce: report

Crypto software provider Talos Trading is reportedly set to double its workforce in the Asia-Pacific region, capitalizing on the area’s regulatory landscape. Talos Trading, a crypto trading software provider based in New York, is set to double its workforce in… дальше »

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Santa Monica Bitcoin Office Case Study to be Presented at CMRTA Annual Conference

Proof of Workforce and Santa Monica's vice mayor will present a case study on the city's innovative Bitcoin Office at the CMRTA Annual Conference. The office, the first of its kind in the U.S., aims to educate on Bitcoin and support economic recovery. дальше »

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Bridging the Skills Gap: Preparing the Workforce for a Web3 Future

Companies have invested so much on education with a focus on trading, but have not turned their attention to the portion of the workforce that remains unfamiliar with the technology that will be responsible for creating, facilitating, communicating and operating Web3 products and services, says Kelsey McGuire, cgo, Shardeum. дальше »

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“PickleBit”: Proof of Workforce, Fold, and Pickle Pop Partner on Pickleball Tournament, Offer Bitcoin Prize Pool

The tournament, held during the Santa Monica Peer to Pier Bitcoin festival, will feature semi-pro and amateur divisions, awarding a $5,000 prize pool paid in bitcoin. дальше »

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