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Bitcoin Price Outlook for July — Traders Remain Concerned About Upcoming Fed Rate Hike and Bankrupt Crypto Firms
8.7.2022
During the first week of July, bitcoin prices have risen to their highest level since mid-June, coming as U.S. Non-Farm Payrolls handsomely beat expectations. However, as we head into the remaining weeks of the month, questions still linger on if this momentum can be maintained, despite the current...
Cumberland Says Financially Burdened Crypto Firms Are ‘Hanging Over the Market Like a Cloud’
6.7.2022
Following the over-the-counter (OTC) firm’s Twitter thread on June 14, Cumberland explained on July 5 that “​​rangebound price action belies a volatile picture below the surface,” while crypto markets consolidated during the past week. Cumberland stressed...
Three Execs Leave JPMorgan this Week to Join Crypto Firms
6.7.2022
JPMorgan executives are leaving the mega-bank for gigs at Algorand and other crypto startups
EU officials reach agreement on AML authority for supervising crypto firms
29.6.2022
“We are putting an end to the wild west of unregulated crypto, closing major loopholes in the European anti-money laundering rules,” said European Parliament member Ernest Urtasun
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...
FINRA may hire employees terminated from crypto firms: Report
15.6.2022
“Anybody who is getting laid off from a crypto platform and wants to work for FINRA, give me a call," said president and CEO Robert Cook
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...
Bear market: Some crypto firms cut jobs while others aim for sustainable growth
10.6.2022
While crypto companies have been faced with major layoffs, things are nowhere as bad as the tech industry or other traditional sectors
FTX will not freeze hiring amid layoffs at other crypto firms, CEO states
7.6.2022
FTX CEO Sam Bankman-Fried explained that the exchange will continue to “keep growing” during the bear market
Uganda Central Bank Says It Is Open to Crypto Firms Participating in Regulatory Sandbox
6.6.2022
The Bank of Uganda (BOU) has hinted that it is open to the idea of crypto firms participating in the regulatory sandbox. The central bank’s position follows its deliberations with a team from the Blockchain Association of Uganda (BAU). BAU Members Asked to Acquaint Themselves Sandbox...
Crypto Firms Flock to Dubai for Regulatory Clarity as UAE Cleans Its ‘Grey’ Reputation
5.6.2022
If you’re in the crypto industry, it seems that Dubai is the place to be right now. Not only is the most populated city in the UAE and one of the world’s biggest tourist hotspots, but it has recently seen an influx of crypto firms looking to establish a regional (or global) base, including...
Layoffs Spread Across the Blockchain Industry as Bear Market Cycle Impacts Crypto Firms
4.6.2022
As digital currency prices have slid significantly in value during the past few months, the bear market cycle is starting to take its toll on the crypto industry’s workforce. On June 2, Gemini’s co-founders the Winklevoss brothers revealed the company would lay off 10% of...
Crypto Firms, Especially Exchanges, Slash Jobs as Market Rout Continues
3.6.2022
Many crypto companies are announcing substantial job cuts and hiring freezes amid challenging times for cryptocurrency and equity markets
Coinbase Announces Cost-Cutting Measures as Crypto Firms Face Bear Market
2.6.2022
Coinbase announced the move on its blog following an announcement of layoffs at fellow exchange Gemini earlier today
Major crypto firms reportedly cut up to 10% of staff amid bear market
2.6.2022
Previous crypto bear markets triggered much bigger layoffs, with some firms like ConsenSys reportedly firing up to 60% of its workforce in 2018
Crypto Firms Launch Community-Powered Scam Reporting Platform ‘Chainabuse’
24.5.2022
Several crypto firms, including Binance and Circle, have launched a new crypto scam reporting platform. The tool “empowers anyone in the crypto economy to warn others about scams, hacks or other fraudulent activity as they encounter it.” New Crypto Scam Reporting Platform Launched...
EU Ban on Tax-Haven Crypto Firms Could Breach Trade Law, Commission Warns
10.5.2022
Lawmaker proposals to blacklist non-compliant firms are getting a rough ride as the landmark crypto legislation reaches its final stages
In Estonia, the Party’s Over for 'Hippie' Crypto Firms
5.5.2022
New laws could see the country’s crypto community slashed by 90%
Belgian Registration for New Crypto Firms Kicks In on Sunday
29.4.2022
Existing wallet providers have until June 1 to notify under the anti-money laundering law
NYDFS calls for crypto firms to use blockchain analytics
28.4.2022
The regulatory agency asked crypto firms to adopt methods to ensure greater risk assessment for potentially problematic transactions