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LBank Exchange Continues to Hire Amid the Massive Crypto Job Cuts


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...

BIS Says Crypto Weaknesses Have Materialized Following Market Sell-Off


The Bank of International Settlements (BIS), the global body for central banks, claims the weaknesses in crypto that were pointed out before “have pretty much materialized.” BIS General Manager Agustin Carstens opined: “You just cannot defy gravity … At some point,...

In-Depth Look At Xenoblade Chronicles 3 Shows Off A Massive, Messy JRPG


We finally got a full overview of Xenoblade Chronicles 3 today and the upcoming Switch JRPG looks massive. A 20-minute Nintendo Direct showed off more of the game’s existential story beats, multi-layered combat mechanics, and other activities players will get up to in its giant open world....

Iran to Shut Down Crypto Mining Farms Amid Record High Power Demand


Authorities in Iran plan to unplug licensed crypto mining facilities as electricity consumption in the country is reaching record highs. The mining farms will be cut off from the grid on Wednesday, the Islamic Republic’s Ministry of Energy announced. Legal Crypto Miners in Iran to Halt...

Kraken To Kick Off 'Global Hiring Push' Despite Bearish Market


  While some major crypto industry players are reacting to the recent market downturn with layoffs and/or freezing their hiring plans, major crypto exchange Kraken is unveiling a global hiring push with hundreds of available jobs across the world - declaring that it's not planning to fire...

Coinbase Reduces the Size of the Firm’s Workforce by 18%


Amid the crypto market carnage, the digital currency exchange Coinbase revealed it has decided to lay off 18% of its workforce. The announcement follows the company’s original plans to slow the hiring process and the firm rescinding a number of employment offers. Coinbase ‘Grew...

Coinbase Says It Grew Too Quickly and Now Lays Off 1,100 Employees


  Major crypto exchange Coinbase said it will reduce its workforce by around 18% in order to cut expenses and increase efficiency ahead of a possible recession. According to the report submitted to the US Securities and Exchange Commission, on June 14 this year, Coinbase Global, Inc. announced...

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