layoffs
dYdX Announces Significant Workforce Reduction Amid Strategic Shift
dYdX has announced a 35% workforce reduction as part of a strategic shift. The move is aimed at restructuring the company for future growth.
Bitoasis Layoffs 5% Workforce as Bear Market Concern Grows
Bitoasis is the latest company to acknowledge the effects of the current crypto bear markets that have triggered much bigger layoffs in major crypto firms.
BlackRock's Strategic Shift: Layoffs Amidst Bitcoin ETF Anticipation
BlackRock Inc plans to lay off 600 employees, following a similar pattern from 2023. Meanwhile, it eagerly awaits the SEC's decision on its Bitcoin ETF application, a potential game-changer in the crypto market.
Crypto Bank Anchorage Cuts 20% of Workforce
Anchorage Digital has laid off 75 employees, citing regulatory uncertainty and market volatility. The crypto bank expressed confidence in the digital asset landscape but acknowledged headwinds for its business and the crypto industry.
Nigerian Crypto Startup Lazerpay to Shut Down Operations
Lazerpay, a Nigerian crypto and Web3 company, announced its shutdown due to a lack of funding. Founder Emmanuel Njoku emphasized the impact Lazerpay had in the crypto ecosystem and recommended users withdraw their funds by April 30. The company is also inviting offers to purchase its intellectual property.
Google Fires Hundreds of Workers in Voice Assistant and Hardware Teams
Google recently laid off hundreds of employees from its Voice Assistant and hardware teams. The layoffs are part of the company's cost-cutting measures and strategic restructuring amidst the rising competition from companies like Microsoft and OpenAI.
India’s WazirX Lays Off 40% Of Workforce, Triggered by Market Hardship
WazirX has joined the growing list of crypto firms reducing headcount amid the ongoing market crash
Hong Kong’s OSL and US-Based Abra Become the Latest Crypto Firms to Announce Layoffs
OSL and Abra have announced job cuts as they grapple with slowing growth triggered by harsh reality facing the crypto market.
Deloitte Tests Remuneration of Its Staff Using Bitcoin
Deloitte one of the most reputable audit firms globally has shown plans of testing BTC payments on its staff for optimal adoption.
Coinbase Refuses to Mix Politics With Business, Offers Unsatisfied Staff Severance Packages
Coinbase CEO Brian Armstrong has announced a generous severance package to staff who find it difficult to focus on the company’s missions.
Nordea Bank Ban on Staff Bitcoin Trading Upheld By Danish Court
A Danish court has ruled that Nordea Bank is within its rights to prohibit its employees from investing in Bitcoin and other cryptocurrencies.
COVID-19 Hits Canadian Crypto Mining Firm Bitfarms, Forced to Lay Off Staff to Maintain Cost Efficiency
Publicly-listed Canadian crypto mining form Bitfarms has temporarily reduced employees because of the social and economic challenges caused by the coronavirus outbreak.
Twitter CEO Jack Dorsey Says Coinbase CEO's Apolitical Stance "Leaves People Behind"
Following the move by Coinbase to offer severance packages to staff who disagree with the ‘apolitical’ stance of the firm, Twitter’s CEO Jack Dorsey has slammed the move.
New Crypto Fraud Scheme In South Korea: What Rules Are in Place to Stop False Advertising?
The Ponzi scheme disguised as a crypto platform managed to acquire over $380 million USD for the CEO and other company staff. Corner Up was promising estimated returns of up to 200% to investors for each investment made.
First-Ever Real Estate Blockchain Portal Set to Launch in the UK
OpenBricks is eyeing to be the world's first blockchain-based portal as it won’t have any centralized authority, as well as many staff because it will thrive on agents’ own servers using a distributed ledger network.
Venezuelan President Nicolas Maduro Leverages Coronavirus Pandemic for National Petro Adoption
Venezuela’s president, Nicolas Maduro has announced a new campaign aiming to help the medical staff in his nation by airdropping one Petro to each actively working doctor amid the coronavirus pandemic.
Chinese Police Put MicroBT CEO Under Microscope Over Alleged Dispute With Bitmain
Chinese Police have just resumed its investigation of intellectual property infringement involving Yang Zuoxing, CEO of Shenzhen Bit Microelectronics Technology and Bitmain.
Fidelity Investments Experiments With Crypto Salary Payments
Fidelity Investments experiments with paying employees in cryptocurrency
Belgium’s FSMA Blacklists More Crypto Investment Businesses Following Customer Complaints
Belgium’s Financial Services and Markets Authority (FSMA), a body mandated with the oversight and regulation of the nation’s financial services sector, has opted to add more crypto investment businesses to its blacklist for fraudulent activities. According to an official announcement, this decision was sparked by new cries aired by customers about cryptocurrency investment offers meant to swindle them.
Data-Hungry: Official Trump 2020 Election App Collects User Data of Voters
US president Donald Trump’s campaign app “Official Trump 2020 App” raised a lot of skepticism, as it has been uncovered that the election app collected mast amounts of sensitive information on his voters.