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Buenbit users access Everyday DeFi from the Rootstock-based RIF Suite
23.11.2022
IOV Labs and Buenbit have teamed up to provide its users access to the Rootstock as well as RIF ecosystem. Buenbit users would be able to access the services and goods from Everyday DeFi which are protected by the Bitcoin network. In many ways, both corporations see the association as a huge...
Brazilian Cryptocurrency Exchange Mercado Bitcoin Lays Off 15% of Workforce Due to Global Economy Woes
3.9.2022
Mercado Bitcoin, one of the biggest Brazilian cryptocurrency exchanges, has announced a new wave of layoffs amidst a worsening global economic situation for fintech startups, which the exchange states is affecting innovation-based companies. The exchange laid off 15% of its workforce on September...
Exchange argentino Buenbit lanza préstamos cripto y planea nueva ronda de inversión tras despidos
18.7.2022
Los usuarios de la plataforma podrán retirar hasta $3.333 en nuARS, una criptomoneda estable vinculada al peso argentino, utilizando el DAI de MakerDAO como garantía
Argentinian Exchange Buenbit Launches Crypto Loans, Plans New Funding After Layoffs
18.7.2022
Users of the platform will be able to withdraw up to $3,333 in nuARS, a stablecoin tied to the Argentine peso, using MakerDAO’s DAI as collateral
Opensea Cuts 20% of the NFT Market’s Staff, Citing ‘Crypto Winter’ and ‘Macroeconomic Instability’
15.7.2022
The largest non-fungible token (NFT) marketplace by trade volume, Opensea, has announced the company has let 20% of its staff go after CEO Devin Finzer said the layoffs were due to a combination of “crypto winter and broad macroeconomic instability.” Opensea’s decision follows...
Israeli Crypto Company Etoro Lays Off 100 Workers, SPAC Deal Terminated, Company Eyes Private Raise
6.7.2022
The digital currency firm Etoro has revealed it is laying off 100 workers or roughly 6% of the company’s workforce. Furthermore, Etoro disclosed that the company is terminating the special purpose acquisition company (SPAC) merger planned with Fintech Acquisition Corp. Etoro says the company...
Argentinian Cryptocurrency Exchange Buenbit Launches Stablecoin Yield Instruments
14.6.2022
Buenbit, one of the leading Argentinian cryptocurrency exchanges, announced the inclusion of two stablecoins in its current yield program. The company will allow its customers to earn yields of up to 11% annually on their USDC and USDT funds, with the earnings being deposited in customers’...
Crypto Lending Company Blockfi Cuts Staff by 20%
13.6.2022
On Monday, the cryptocurrency lending company Blockfi announced that “market conditions” have had a “negative impact” on the firm’s business and it will be laying off “roughly 20%” of its staff. The message written by Blockfi co-founders Zac Prince...
2TM Group, Parent Company of Mercado Bitcoin, Lays off 90 Workers Amid Market Cool Down
5.6.2022
2TM Group, a Latam unicorn and parent company of Mercado Bitcoin, a Latam-based cryptocurrency exchange, has announced it will execute a series of layoffs due to the current market cooldown. The company declared that this action was motivated by the recent global financial scenario changes, making...
Layoffs Spread Across the Blockchain Industry as Bear Market Cycle Impacts Crypto Firms
4.6.2022
As digital currency prices have slid significantly in value during the past few months, the bear market cycle is starting to take its toll on the crypto industry’s workforce. On June 2, Gemini’s co-founders the Winklevoss brothers revealed the company would lay off 10% of...
Latam Cryptocurrency Exchange Bitso Announces Layoffs Amidst Expansion to Colombia
28.5.2022
Bitso, one of the biggest cryptocurrency exchanges in Latam, has announced a series of layoffs due to the recent downturn in the cryptocurrency market. The exchange, which has a workforce of 800 workers, has decided to let go of more than 10% of its staff citing a change in the long-term strategy...
Argentinian Cryptocurrency Exchange Buenbit Announces Staff Layoffs
25.5.2022
Buenbit, an Argentinian cryptocurrency exchange, has announced a series of layoffs due to the downturn that traditional and crypto markets are currently facing. Buenbit’s co-founder and CEO, Federico Ogue, clarified that this move had nothing to do with the recent Terra ecosystem disaster...
Exchange argentino Buenbit reduce 45% de su personal por recesión en la industria tecnológica
24.5.2022
La empresa se enfocará en sus operaciones actuales en Argentina, México y Perú, y pondrá freno al plan de expansión a otros países
Argentinian Crypto Exchange Buenbit Cuts 45% of Staff Due to Tech Industry Downturn
24.5.2022
The company will focus on its current operations in Argentina, Mexico and Peru, and freeze previous plans to expand into other countries