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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Last Week [in] Crypto: Crypto Winter Blows out Bitcoin Speculators, British Army’s Twitter Hacked, US Employees Barred From Owning Crypto

Be[in]Crypto has combed through layers of breaking stories over the last week to bring you up to speed on the most important happenings in the ecosystem. The post Last Week [in] Crypto: Crypto Winter Blows out Bitcoin Speculators, British Army’s Twitter Hacked, US Employees Barred From Owning Crypto appeared first on BeInCrypto.

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Coss.io Review – Complete Beginner’s Guide

COSS. io, otherwise known as the “Crypto One-stop Solution,” is a newer cryptocurrency exchange that is based in Singapore, but a lot of things connect the company to Romania. COSS is listed in Romania’s Chamber of Commerce and Industry and also many of the employees of the project are Romanian.

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US bars crypto holders from contributing to crypto policies

The United States Office of Government Ethics on July 5 issued a legal advisory warning that banned government employees holding crypto assets from working on crypto-related policies. The post US bars crypto holders from contributing to crypto policies appeared first on CryptoSlate.

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Ethics Watchdog Bars US Government Employees From Writing Crypto Policy if Invested

U.S. officials who are personally invested in cryptocurrencies are now disqualified from working on crypto-related policy and regulation that could impact the value of their assets.

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Celsius Lays off 150 Workers as Depositors’ Worries Begin to Mount

Embattled crypto lender, Celsius, has laid off 150 employees, representing a quarter of its workforce, according to the latest reports. The post Celsius Lays off 150 Workers as Depositors’ Worries Begin to Mount appeared first on BeInCrypto.

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Bit.com Plans to Double Workforce as Layoffs Mount in Crypto and Financial Markets

The crypto markets are going through a rough phase. Bitcoin has crashed more than 70% in 8 months. Amidst the crash, several companies are laying off their employees, desperately trying to save cash.

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Australian Crypto Gateway Solution Cuts Workforce by 40%

The company’s headcount will be reduced by roughly 150 employees

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Bitpanda Sacks A Third Of Staff As Crypto Trading Platform Scales Down

Bitpanda, an Austria-headquartered cryptocurrency trading platform, revealed in a blog post on Saturday that it is reducing its employees to maintain sustainability. As crypto winter starts, Web3 companies are in the uncomfortable situation of laying off employees.

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Amid Huge Layoffs, LBank Continues Hiring Across All Levels

Cryptocurrency exchange LBank has continued to hire more cryptocurrency and blockchain talents, as well as interns for its global offices. Against the backdrop of extreme volatility in the crypto market and investors dumping risky assets, in addition to certain crypto firms laying off employees and freezing withdrawals, LBank makes a move along the right lines.

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BitOasis joins layoff spree, firing 5% of staff

Crypto exchange platform BitOasis joined in the firing spree and let go of 9 employees, representing 5% of its staff. The post BitOasis joins layoff spree, firing 5% of staff appeared first on CryptoSlate.

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Elon Musk advances support for an integrated payment system on Twitter that supports cryptocurrencies

The possibility of Twitter integrating crypto payment surfaces after Elon Musk met with the employees With Elon Musk at the helm of Twitter affairs, we might see the possibility of the social media giant integrating crypto payments.

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Elon Musk advances support for integrated crypto payment system on Twitter

The possibility of Twitter integrating crypto payment surfaces after Elon Musk met with the employees With Elon Musk at the helm of Twitter affairs, we might see the possibility of the social media giant integrating crypto payments.

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Elon Musk Hints at Crypto Plans in First Twitter Meeting

Elon Musk held his first full meeting with Twitter employees on Thursday. There, he discussed his plans for cryptocurrency and other changes following his planned takeover of the social network....

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FINRA CEO welcomes crypto employees who were laid off as agency increases focus on digital assets

Financial Industry Regulatory Authority (FINRA) CEO Robert Cook talked about the agency’s direction towards the crypto market to understand and monitor cryptocurrencies and said that people recently laid off from crypto companies were welcome to join FINRA, Reuters reported June 14.

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FINRA may hire employees terminated from crypto firms: Report

“Anybody who is getting laid off from a crypto platform and wants to work for FINRA, give me a call," said president and CEO Robert Cook.

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Coinbase Lays Off 1,100 People In Preparation For Prolonged Bear Market

It has already been a challenging couple of months for the crypto sector and nobody is feeling the heat more than crypto-related employees who have been dropping like flies in recent weeks.

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Crypto Exchanges Lay Off Thousands, Months After Uber-Expensive Super Bowl Ads

One of the leading crypto exchanges is laying off a ton of employees — even after paying celebrities tons to shill for it at the Super Bowl. In a series of tweets posted over the weekend (and, to be fair, before  , Crypto.com CEO Kris Marszalek

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BlockFi And Crypto.com Render Hundreds Of Staff Jobless As Crypto Market Bleeds

BlockFi announced in a blog post Tuesday that it is letting go of a sizable number of staff: 20 percent of its total headcount, or around 170 to 200 employees. Zac Prince, the CEO of the crypto trading and lending platform, tweeted that the job cuts can be traced to a “dramatic change in macroeconomic […]

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BlockFi Cuts 20% of Workforce Amid Crypto Downturn

BlockFi is firing 20% of its employees due to worsening macroeconomic conditions. BlockFi Anticipates Extended Global Recession BlockFi is letting go of 20% of its workforce. According to a Monday...

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IRA Financial Sues Gemini Over $37M Crypto Heist

The lawsuit corroborates earlier reporting that hackers deployed a police SWAT team as “a ruse to distract IRA employees” on the day of the attack.

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‘Crypto Winter’ Forcing Exchanges In Latin America To Sack Employees

Approximately 90 staff have been let go by the Brazilian crypto unicorn 2TM, citing ‘Crypto Winter’ or the prolonged period of flat trading following a price collapse, sources with knowledge of the matter said.

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Coinbase Rug Pulls Jobseekers With Accepted Offers

Crypto exchange Coinbase has confirmed that it has suspended all hiring and has even gone as far as to rescind accepted job offers, leaving its would-be employees high and dry. The post Coinbase Rug Pulls Jobseekers With Accepted Offers appeared first on BeInCrypto.

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