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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...
Dapper Labs Cuts 22% of Staff as NFT Market Craters
3.11.2022
Sales volume for Dapper Labs' NBA Top Shot has declined to $2.6 million from $224 million in February 2021
Crypto Exchange BitMEX Cuts Staff as It Pivots Back to Derivatives Strategy
2.11.2022
Cryptocurrency exchange BitMEX has cut a portion of its workforce as it pivots back to focusing on derivatives trading
Digital Currency Group Promotes Mark Murphy to President, Cuts Nearly 13% Staff: Report
2.11.2022
Crypto venture capital company Digital Currency Group (DCG) promoted chief operating officer (COO) Mark Murphy to president, amid a restructure which also saw the departure of over 10% of its staff
CFTC Staff Recommend Rejecting Kalshi's US Election Contracts: Bloomberg
29.10.2022
Fan token firm Chiliz grows staff by 70% despite crypto winter
17.10.2022
Scalability is one of the possible reasons for the fun token industry to grow despite the ongoing bear market, according to Chiliz and Socios CEO
Ukraine’s Kharkiv Art Museum Launches NFT Collection With Binance to Raise Funds, Secure Jobs
14.10.2022
The art museum in the Eastern Ukrainian city of Kharkiv has partnered with cryptocurrency exchange Binance to offer non-fungible tokens (NFTs) of some of its most valuable artworks. Proceeds from the auction will be used to restore the museum’s activities and support its staff. Ukrainian...
Crypto Trading Firm NYDIG Lays Off About 33% of Staff
14.10.2022
Crypto brokerage services provider NYDIG laid off over 100 people in the past few weeks, or about a third of its staff
STEPN to sack 100 staff as players step away from the move-to-earn app
13.10.2022
The move-to-earn blockchain game has seen a significant drop in its user base and its rewards token has taken a decline due to the cryptocurrency market conditions
Market Maker GSR Cuts Staff Amid Crypto Winter
11.10.2022
The trading shop cut less than 10% of staff to “continue to position our business for long-term growth,” a spokesperson told CoinDesk
Japanese Telecom Giant NTT Docomo Launches $412 Million Metaverse Unit
11.10.2022
NTT Docomo, the largest telecom carrier in Japan, has launched a new division that will be dedicated to directing its metaverse push. The unit, named Qonoq, is already operating and has a staff of 200 people, researching and developing software and hardware solutions directed to integrate extended...
Customer support staff swamped during market swings — exchange execs
11.10.2022
Binance Australia's CEO says it is imperative that customer support is ready for a large influx of customer inquiries at any moment
GameStop Pre-Orders Are A Mess Right Now, Staff Say
30.9.2022
“Is there anything you want to pre-order?” Almost nobody walks in and out of a GameStop without hearing those words. Employees are measured against how many pre-orders they can rack up while GameStop rakes in the cash months ahead of a game’s actual release. But lately, the strategy has been...
Fintech Startup TrueLayer Trimming 10% of Staff, Citing Challenging Market Conditions
16.9.2022
London-based fintech open banking startup TrueLayer has announced that it will lay of 10% of its workforce due to "challenging market conditions."
Tencent Guts Its Gaming News Site, Firing Staff Without Warning
15.9.2022
Today layoffs hit the respected video game and entertainment website Fanbyte, with the site’s editor-in-chief and head of media among the list of staff who are now out of work. According to Fanbyte employees, the layoffs were a total shock, with some reporting that they had just worked with some...
Gary Gensler Asks SEC Staff to Fine-Tune Crypto Compliance — Says ‘Vast Majority Are Securities’
12.9.2022
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, revealed that he has asked staff at the SEC to fine-tune compliance for crypto tokens and intermediaries. He emphasized that the vast majority of crypto tokens are securities. SEC Chairman Gary Gensler on Crypto...
Report: G Fuel Fired Five Staff Members After They Complained About CEO’s Toxic Language
8.9.2022
In June, energy drink company G Fuel attracted controversy when it fired seven talent managers under mysterious circumstances, prompting over 70 G Fuel-partnered influencers to end their relationships with the brand. Today, a report from Digiday sheds new light on the circumstances that lead to...