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Australian Crypto Exchange Banxa Cuts 70 Staff
27.6.2022
The publicly traded crypto exchange said the "crypto winter" drove the decision to reduce headcount by about 30%
European Crypto Exchange Bitpanda Cuts Staff by Hundreds
24.6.2022
Bitpanda announced it is reducing its employee count to 730, down from about 1,000
Voyager Digital cuts withdrawal amount as 3AC contagion ripples through DeFi and CeFi
23.6.2022
Traders brace for more bad news after headlines revealed that Voyager Digital had lent $655 million to Three Arrows Capital. Is another crypto market sell-off on the way?
Voyager Digital Cuts Daily Withdrawal Limit to $10K Amid 3AC Exposure
23.6.2022
Crypto broker Voyager Digital has reduced daily withdrawal limit to $10,000 from $25,000 after revealing its exposure to Three Arrows Capital
LBank Exchange Continues to Hire Amid the Massive Crypto Job Cuts
23.6.2022
PRESS RELEASE. Cryptocurrency exchange LBank has continued to hire more crypto and blockchain talents as well as interns for its global offices. Against the backdrop of extreme volatility in the crypto market and investors dumping risky assets, as well as certain crypto firms laying off employees...
MakerDAO Cuts Off Its AAVE-DAI Direct Deposit Module
18.6.2022
MakerDAO is temporarily stopping DAI from being minted and deposited in Aave’s crypto lending platform
Maker cuts off Aave's DAI supply as fallout from Celsius continues
17.6.2022
The MakerDAO decided to cut off Aave from its direct deposit module as a safeguard in light of the possibility that Celsius folds and crashes the price of stETH
Binance, Kraken & Polygon Accelerate Hiring in Response to Industry-Wide Job Cuts
15.6.2022
The CEO of crypto exchange Binance has revealed that the company is hiring for 2,000 open positions in spite of the recent market downturn
JPMorgan Cuts Coinbase to Neutral With $68 Price Target; Shares Slump
14.6.2022
It will be challenging for the exchange to generate a profit in the near future, the bank’s analysts said
Crypto Lending Company Blockfi Cuts Staff by 20%
13.6.2022
On Monday, the cryptocurrency lending company Blockfi announced that “market conditions” have had a “negative impact” on the firm’s business and it will be laying off “roughly 20%” of its staff. The message written by Blockfi co-founders Zac Prince...
Winklevoss-Led Gemini Cuts 10% Staff, Citing ‘Turbulent’ Crypto Market
2.6.2022
Crypto exchange and custodian Gemini said that it will cut about 10% of its employees, citing “turbulent market conditions that are likely to persist for some time.”
After Defaulting Sri Lanka Plans to Print $2.8 Billion Worth of Rupees, Inflation Rate Expected to Top 40%
27.5.2022
The government in crisis-stricken Sri Lanka has said it will print more money and cut spending on infrastructure as part of an attempt to pacify the restive population. The government, however, concedes that printing more money will likely see the inflation rate rise to 40%. Printing More Money...
Argentinian Crypto Exchange Buenbit Cuts 45% of Staff Due to Tech Industry Downturn
24.5.2022
The company will focus on its current operations in Argentina, Mexico and Peru, and freeze previous plans to expand into other countries
Russia's updated crypto mining bill cuts tax amnesty for Bitcoin miners
24.5.2022
Legislators in the lower house of Russia's parliament also dropped the notion of a special register for mining operators
Core Scientific Cuts Hashrate Outlook, Q1 Revenue Misses Estimates
12.5.2022
Despite the news, shares of the miner were up in after-hours trading
Robinhood Cuts 9% of Workforce as ‘Hyper Growth’ Slows
26.4.2022
CEO Vlad Tenev said the platform’s rapid growth in 2020 and 2021 led to duplication of roles and functions
Global and Bitcoin Cuts, Ethereum Movie, Busy Binance, NFT Base, and 20 Crypto Jokes
23.4.2022
This week global markets have been shaken by the news of a worsening global economic outlook. At the same time, the IMF has issued DeFi governance recommendations, and the FSB once again issued another crypto warning. Moreover, there have been reports about stagnating bitcoin and IMF bond deals...
Binance Limits Services to Russian Users to Comply With EU Sanctions
22.4.2022
Following the latest round of EU restrictions against Russia, digital asset exchange Binance is limiting services to Russian clients. The company pledged to lead the industry in implementing the sanctions and urged all major trading platforms to follow. Crypto Exchange Binance Cuts Services...
Military MMO Dev Wargaming Cuts Ties With Belarus, Russia Over Invasion works
4.4.2022
Hit freemium developer Wargaming is abandoning its operations in Belarus and Russia over the invasion of Ukraine, now in its 39th day. The World of Tanks maker said it has turned over live operations of its games in both countries to its now-former studio in Russia and will “not profit from this...
Kazakhstan Auditors Go After Crypto Miners Accused of Exploiting Tax Benefits
3.4.2022
Authorities in Kazakhstan have found several businesses minting digital currencies that took advantage of tax cuts they were allegedly not supposed to benefit from. Auditors said the crypto firms registered as “innovative companies,” to receive millions of dollars in tax preferences....