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Stablecoin Issuer Tether Increases US Treasury Portfolio, Cuts Commercial Paper Holdings to Below $50M
3.10.2022
The firm had said it plans to bring its commercial paper holdings to zero by the end of the year
Olympus Cuts Down on OHM Inflation to Maintain Sustainability
30.9.2022
At a time, Olympus DAO was popularly known as the ultimate pace setter, where the DeFi 2.0 movement was concerned and deservedly was ruling the roost. Unfortunately, due to various unfavorable circumstances that it faced during this year affected it adversely. Now, to understand Olympus...
Bitcoin Miner Argo Cuts Year-End Hashrate View Citing Delayed Intel Mining Rigs
24.8.2022
The company’s second-half revenue and adjusted EBITDA fell mainly due to the decline in bitcoin prices
Crypto.com moves forward with multimillion-dollar renovation of Staples Center following staff cuts
22.8.2022
"Brave of them... maybe fortune favor them," said one Redditor in response to an artist's rendering of the renovations
Hodlnaut cuts 80% of staff, applies for Singapore judicial management
19.8.2022
Embattled cryptocurrency lending platform Hodlnaut cuts staff ahead of application for judicial management
Aussie exchange Swyftx cuts staff by 21% amid bear market
19.8.2022
Australian crypto exchange Swyftx highlighted inflation, a recession, and the bear market as the reasons behind the unfortunate lay-offs
Crypto Lender Hodlnaut Faces Singapore Police ‘Actions’ and Staggering Job Cuts
19.8.2022
The latest firm to freeze crypto withdrawals is engaged in “proceedings” with Singaporean police
Axie Infinity cuts rewards from classic game, subtly forcing P2E players to new mode
12.8.2022
The team described the move as part of its efforts to balance the economy for the Smooth Love Potion token
Core Scientific increased Bitcoin production by 10% in July amid Texas power cuts
5.8.2022
The mining firm reported it “completely powered-down its Texas data center operations on several occasions” in July to support the state's power grid operator
Bitcoin Mining Difficulty Cuts the Drop Streak
4.8.2022
After a nearly two-month-long drop streak, Bitcoin (BTC) mining just got a bit more difficult.
Bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, went up 1.74% today, going from 27.69 T to 28.17 T.
The rise follows three consecutive drops, a streak that...
CoinFLEX announces staff cuts as part of measures to reduce costs by up to 60%
29.7.2022
“The intention is to remain right-sized for any entity considering a potential acquisition of or partnership opportunity with CoinFLEX,” said the exchange
Rate Hike at Fed's July Meeting Provides a Credibility Test, With Cuts Already on Horizon
26.7.2022
Fed preview
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)....
Crypto Layoffs: OpenSea, Blockchain.com, Coinbase, Gemini Among Firms Forced to Make Mass Job Cuts
21.7.2022
As a bear market sweeps the crypto industry, CoinDesk is keeping a running list of industry players that have been forced to cut back on staff
Blockchain.com Cuts 25% Workforce Amid Crypto Bear Market
21.7.2022
Cryptocurrency exchange Blockchain.com is cutting 25% of its workforce, equating to about 150 people
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
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...
React Hooks: The Deep Cuts
13.7.2022
Hooks are reusable functions. They allow you to use state and other features (e.g. lifecycle methods and so on) without writing a class. Hook functions let us “hook into” the React state lifecycle using functional components, allowing us to manipulate …
React Hooks: The Deep Cuts originally...