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HTX's Justin Sun claims record profits despite staff cuts

26.10.2023
The blockchain personality claims that his exchange recorded a profit of $98 million in Q3 2023

Chainalysis Lays Off More Staff in New Round of Crypto Job Cuts

7.10.2023
Blockchain forensics firm Chainalysis is shedding a chunk of its workforce, the second time it’s doing so within this year. The news comes in a difficult period for the whole industry which saw a number of such moves in 2023, against the backdrop of a persistent bear market and increased regulatory...

Nifty News: Yuga cuts staff, NFT trading volume on Mythos Chain surges and more...

7.10.2023
Yuga Labs CEO Daniel Alegre said the firm was stretching itself thin by taking on too many projects, and will now focus on its core aims with a smaller team

Crypto Custody Firm Ledger Cuts 12% of Staff

5.10.2023
The company cited macroeconomic headwinds limiting the company's ability to drive revenue as a reason for the cuts

Blockchain Analytics Firm Chainalysis Cuts 15% of Staff

3.10.2023
This is the second round of layoffs by the analytics firm in less than 12 months

Epic Games lays off 830 staff, citing ‘unrealistic’ metaverse ambitions

29.9.2023
“Spending way more than we earn” — CEO Tim Sweeney blamed job cuts on major structural changes to the company’s economics

Curve Finance founder cuts debt to $42.7M, settles entire Aave loan

27.9.2023
Curve Finance founder Michael Egorov still has debt of $42.7 million across four protocols including Silo, Fraxlend, Inverse and Cream

Binance US CEO Is ‘Taking Deserved Break,’ CZ Seeks to Downplay Executive Exodus

17.9.2023
Binance founder Changpeng Zhao has commented on the latest executive departures from his company’s American branch. The changes in the U.S. crypto trading firm’s management, including the release of its chief executive, followed similar developments at the global exchange. CZ Urges Followers...

Another 2 Binance US Executives Leave Crypto Exchange, Report

16.9.2023
Two more managers at Binance US are reportedly quitting amid another round of layoffs at the troubled cryptocurrency exchange. The departures come while Binance’s U.S. trading platform for digital assets is still under heightened regulatory pressure that has damaged its business. Binance US Legal...

Binance US CEO Quits, Crypto Exchange Cuts Third of Jobs

15.9.2023
Chief Executive Officer of Binance US, Brian Shroder, has left the company amid an ongoing regulatory crackdown and more job cuts. Shroder’s departure comes two years after he joined the American subsidiary of the world’s largest cryptocurrency exchange by daily trading volume. Shroder Departs...

Price Cuts at Blockchain Platform Alchemy Reveal Persistence of Crypto Winter

13.9.2023
The plan, “Alchemy Scale Tier,” will consist of two options that let developers choose how much they want to commit to the platform, both financially and computationally

First Mover Americas: Binance.US CEO Departs as Company Cuts 1/3 of Workforce

13.9.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 13, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets

Binance.US cuts third of staff as CEO Brian Shroder leaves: Report

13.9.2023
The staff cut and departure comes amid legal action from United States regulators

Binance.US CEO Has Left, Crypto Exchange Cuts 1/3 of Workforce

13.9.2023

Riot Showcases Demand Response Strategy: Bitcoin Mining’s Role in Strengthening Texas Energy Grid

7.9.2023
Bitcoin mining aided the Electric Reliability Council of Texas, or ERCOT, when the bitcoin mining company Riot Platforms reduced its power usage amid a Texas summer heatwave. Riot said in its most recent production and operations update that it received $31.7 million in power and demand response...

Another Executive Exits Binance Amid Regulatory Scrutiny

6.9.2023
Mayur Kamat, head of product at Binance, is leaving the crypto exchange which has seen several executive exits in recent months. His and the other departures coincide with an ongoing regulatory clampdown on crypto business that has placed the leading trading platform for digital assets under...

Crypto Infrastructure Provider Qredo Slashes Staff, Cuts Annual Expenses by 35% – Bear Market Continues?

5.9.2023
Crypto infrastructure provider Qredo has announced plans to reduce staff and expenses as it navigates the challenges posed by the ongoing bear market. Qredo has let go of approximately 50 employees, including several senior executives, according to three sources familiar with the matter. Among...