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SuperRare cuts 30% of staff as growth slows during crypto winter
7.1.2023
Despite only being a week into the new year, SuperRare adds to a number of firms announcing staff cuts such as Huobi and Genesis
Huobi Layoffs Spark Controversy and Speculation, Justin Sun Claims Everything Is Fine
6.1.2023
The cryptocurrency exchange Huobi is laying off 20% of its employees, according to multiple reports over the past two days. However, Huobi’s advisor Justin Sun, the founder of Tron, told the South China Morning Post that the layoff reports were untrue. A Huobi spokesperson later confirmed...
Doubts mount over Huobi’s future as harsh layoff rumors denied
6.1.2023
Canceled bonuses, pay disputes, massive layoffs and a communication blackout has been claimed as part of the goings-on at the crypto exchange
Crypto lender Genesis lays off 30% more staff: Report
5.1.2023
Genesis announced in August that it planned to cut its then 260-person workforce by 20%, with CEO Michael Moro moving into an advisory role
Crypto Lender Genesis Lays Off 30% More of Its Staff
5.1.2023
The job cuts come a day after the company said it would be “reducing costs and driving efficiencies” amid a challenging environment for crypto companies
Silvergate in Trouble: Crypto Bank Cuts Staff by 40% Amid a 68% Decline in Crypto Deposits
5.1.2023
Trouble is brewing for crypto bank Silvergate as the company cuts staff by 40% and sells assets at a loss to cover $8.1 billion worth of customer withdrawals. Furthermore, the company's crypto-related deposits saw a 68% decline in the fourth quarter of last year.
According to a Thursday report by...
Silvergate sold assets at loss and cut staff to cover $8.1B in withdrawals: Report
5.1.2023
Silvergate has reportedly laid off 200 members of its staff, which is around 40% of its total number of employees
Indicted FTX Co-Founder Sam Bankman-Fried Discussed ‘Pandemic Prevention’ With Biden Administration Officials
4.1.2023
According to public filings, former crypto billionaire and FTX co-founder Sam Bankman-Fried met with senior Biden administration officials before he was indicted for financial fraud. When asked about the visits, White House press secretary Karine Jean-Pierre told the press the meetings involved...
Near Project’s Octopus Network lays off 40% of its staff amid crypto winter
26.12.2022
The remaining workforce is also expected to take 20% pay cuts, the project's founder said
FTX ex-staffer: Extravagant expenditures and cult-like worshipping of SBF
15.12.2022
A former FTX employee has revealed details regarding the lavish expenditures of the exchange as well as its intense company culture
Amid Withdrawals, Binance CEO Warns of Bumpy Months Ahead
15.12.2022
Binance founder Changpeng Zhao (CZ) has reportedly told staff to expect some difficult months as the leading cryptocurrency exchange is seeing customer withdrawals. The warning comes while the crypto industry is facing challenges after high-profile bankruptcies and amid tightening regulations....
Binance CEO Changpeng 'CZ' Zhao Warns Staff of Turbulent Times Ahead: Bloomberg
14.12.2022
"While we expect the next several months to be bumpy, we will get past this challenging period," CZ said while assuring the organization is built to last
Welcome To Kentaku
12.12.2022
Oh, hi. I didn’t see you there. I’m Kenneth Shepard, Kotaku’s new staff writer.Read more
3Commas denies staff members stole API keys
11.12.2022
Crypto trading firm also rejects claim that users' API keys were leaked and urges users to file a police report
GameStop to drop crypto efforts as Q3 losses near $95M
9.12.2022
The gaming company has stopped its cryptocurrency-related focuses but is seemingly still pushing ahead with its NFT and blockchain plans
Many Koinly staff point to poor communication, CEO in global layoffs
8.12.2022
Uncertainty and a lack of communication were among the complaints of Koinly employees laid off in recent months before the company made an official announcement
Bybit to Lay Off 30% of Staff Amid Crypto Winter
5.12.2022
The exchange is trying to 'refocus' amid a 'deepening bear market', its CEO said on Twitter
Swyftx cuts 40% of staff as it braces against 'worst-case scenario'
5.12.2022
The Australian crypto exchange said while it had no exposure to FTX, it was "not immune" to its fallout
Report: NFT Firm Candy Digital Cuts Over a Third of the Company’s Staff
29.11.2022
With non-fungible token (NFT) sales a lot lower than they were at the start of the year, NFT companies and marketplaces are feeling the pain associated with the second-largest crypto winter to date. According to a report published on Monday and “multiple people familiar with the situation,” the...
Nifty News: China’s lockdown protest NFTs emerge, Candy Digital cuts staff, and more
29.11.2022
Two collections have appeared on NFT marketplace OpenSea depicting images and art related to the rare widespread protests in China over its lockdown policies