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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
Bitcoin Financial Services Firm Unchained Capital Cutting Staff, Reshuffling Management
18.11.2022
While the company has no exposure to FTX, the extended Bitcoin bear market is taking a toll on parts of the business
Twitter closes offices, staff resign while users eye decentralized options
18.11.2022
Twitter employees are not the only ones ditching the platform as users flock to a decentralized alternative
Digital Asset Manager Valkyrie Lays Off 30% of Staff: Bloomberg
14.11.2022
The provider of crypto exchange-traded funds has trimmed its 23-person workforce
Elon Musk Tells Twitter Staff Economic Picture Ahead Is Dire — ‘Bankruptcy Isn’t Out of the Question’
13.11.2022
Tesla CEO and Twitter chief Elon Musk has informed Twitter employees that the company’s “economic picture ahead is dire.” Noting that “bankruptcy isn’t out of the question,” the billionaire stressed that “Without significant subscription revenue, there is...
From a $32 Billion Valuation to Financial Troubles: An In-Depth Look at the Rise and Fall of FTX
10.11.2022
During the last two days, the cryptocurrency community has been dealing with the FTX fiasco after Binance revealed that it was backing out of the deal to acquire the rival exchange. Between Nov. 8-9, the crypto economy shed more than $230 billion in value as FTX’s troubles shook investors....
In staff letter, Binance CEO embraces scrutiny from regulators amid potential FTX deal
9.11.2022
“People now think we are the biggest and will attack us more,” said Changpeng Zhao in a letter updating staff on the situation with FTX
Report: FTX CEO Told Staff Crypto Exchange ‘Effectively Paused’ Withdrawals
8.11.2022
According to a report shared by an FTX staff member, prior to Binance announcing it would acquire the exchange, CEO Sam Bankman-Fried explained that in 72 hours FTX saw roughly $6 billion in withdrawals. Furthermore, the staff member’s account notes that withdrawals on the exchange FTX.com...
Meta reportedly plans 'large-scale layoffs,' but what of its metaverse division?
7.11.2022
As of the end of September, Meta had more than 87,000 employees — a large proportion of which is said to work in the Reality Labs division
White House Is Not Preparing for Recession — Chief of Staff Says US Economy Is Strong
5.11.2022
White House Chief of Staff Ron Klain says that the U.S. is not in a recession. “The economy is growing. It is strong,” he stressed. In addition, White House Press Secretary Karine Jean-Pierre said there are no meetings or anything happening in preparing for a recession. White House...
OCC makes its staff available for fintech-related discussions
4.11.2022
The announcement of one-on-one discussions with the OCC followed the department saying it planned to establish an Office of Financial Technology starting in 2023
Moonvember kicks off with sweeping staff layoffs across crypto
4.11.2022
There are still pockets of hope however, with some companies looking to expand despite the market conditions
US Senators Question SEC Why Its Staff Is Quitting at Highest Pace in 10 Years
3.11.2022
Six U.S. senators have questioned the Securities and Exchange Commission (SEC) why its staff is quitting at a record pace. “Efforts to ram through hurried rulemaking without proper analysis, deliberation or consideration of downstream negative impacts is nothing short of regulatory...