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European banking regulator sees 'major concern' in retaining staff to handle crypto: Report
27.7.2022
José Manuel Campa reportedly suggested the European Banking Authority may be unprepared for regulating the changes that come with a “very dynamic” crypto space
EU Banking Regulator Worries It Can’t Find the Staff to Regulate Crypto: Report
27.7.2022
José Manuel Campa, chair of the European Banking Authority, told the Financial Times he is worried the agency does not yet have the capacity to supervise digital assets
Compass Mining to add 25,000 ASIC miners just weeks after staff cuts
22.7.2022
The Bitcoin mining company plans to expand its fleet of mining devices comes on the back of staff lay-offs and executive salary cuts just weeks before
Report: Blockchain.com Cuts Staff by 25%, Executive Salaries Reduced
21.7.2022
According to a recent report, Blockchain.com has laid off a quarter of the company’s staff and it has closed the crypto company’s Argentina-based offices as well. The layoffs follow the report that noted Blockchain.com lost $270 million due to exposure to Three Arrows Capital (3AC)....
Life after crypto biz: Retrenched staff ponder future in the job market
20.7.2022
Workers weigh up their futures in the cryptocurrency economy as tough market conditions lead to more staff cuts at prominent firms
Crypto Exchange Gemini Axes 7% of Its Staff in Second Wave of Layoffs
20.7.2022
Gemini, the cryptocurrency exchange owned by the Winklevoss twins, is laying off more staff. According to reports, the company is axing 7% of its current workforce, as it engages in significant cost-cutting policies. This is the second wave of layoffs at Gemini, after the company laid off 10%...
Gemini cuts more staff as many crypto prices increase: Report
18.7.2022
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
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...
OpenSea lays off 20% of its staff, citing ‘crypto winter’
14.7.2022
The bear market in Bitcoin and altcoins has had a negative impact on staffing levels at major crypto companies, including exchanges, lending platforms and marketplaces
OpenSea Lays Off Roughly 20% of Its Staff
14.7.2022
CEO Devin Finzer blamed the move on an “unprecedented combination of crypto winter and broad macroeconomic instability.”
Unity Buys Another Company As Staff Fumes Over Massive Layoffs
13.7.2022
Game-engine maker Unity said it plans on acquiring Ironsource, an ad tech firm, in a press release this morning. The news comes just two weeks after a wide round of layoffs rocked the company, where remaining employees are not exactly thrilled with the strategy.Read more
KuCoin Denies Layoff Rumors, Says It's Hiring 300 Staff
11.7.2022
“We are continuing to do everything to increase the productivity and motivation of our employees,” CEO Johnny Lyu said
Argentinian Exchange Ripio Presents Crypto Educational Textbook and Web3 Metaverse Wallet
9.7.2022
Ripio, an Argentina-based cryptocurrency exchange, announced the launch of two products, a cryptocurrency educational textbook to help newcomers navigate the crypto market, and a Web3 wallet that the company aims to position as an easy gateway to the metaverse. While other Latam-based exchanges...
Compass Mining retrenches 15% of staff, execs to take major pay-cuts
8.7.2022
Compass Mining parts ways with 15% of its workforce while senior employees and executives take major pay-cuts in the wake of the cryptocurrency downturn
Compass Mining Cuts 15% of Staff, Lowers Executive Compensation
7.7.2022
Compass Mining is reassessing its priorities after growing too quickly, the company said in a statement
Discussion Platform Reddit Introduces Blockchain-Backed Collectible Avatars to 52 Million Users
7.7.2022
The social media and discussion website Reddit has announced the launch of blockchain-backed collectible avatars. The collectible avatars are stored via the Polygon blockchain as the chain was chosen for its “low-cost transactions and sustainability commitments.” Reddit’s...
EA’s Bad Tweet Last Week Has Led To Roundtable Meetings With Angry Staff
6.7.2022
Remember last week? It happened about 34 years ago, so if you don’t, I understand. But last Thursday, the official EA Twitter account tweeted a bad joke about single-player games that led to an internet-wide roasting and eventually an apology from the Battlefield publisher. And apparently, EA...
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...
Fresh Blow for Celsius with 150 Staff Reportedly Fired, But CEL Up 19%
4.7.2022
Another crypto lender has apparently hit the rocks, with reports claiming that the already troubled Celsius Network (CEL) has axed 150 employees.
Per the Israeli media outlet Calcalist, Celsius has previously “hired restructuring consultants and lawyers to make organizational changes to...
Report: Huobi to Start Layoffs That Could ‘Exceed 30%’ — Founder May Sell Stake in Company
3.7.2022
According to the Chinese journalist Colin Wu, otherwise known as “Wu Blockchain,” the cryptocurrency company Huobi may lay off 30% of the firm’s staff due to “a sharp drop in revenue.” Furthermore, the reporter claims that Huobi’s co-founder Leon Li...