The firm said that U.S. regulatory uncertainty played a role in its decision.
Blockchain.com to Suspend Operations of Asset Management Arm: Bloomberg
Crypto financial services company Blockchain.com is suspending operations of its recently-launched asset management arm, citing the prolonged crypto winter as the reason for its decision, according to a Bloomberg report.
Binance ‘not planning any layoffs,’ 500 roles to be filled in H1
A Binance spokesperson told Cointelegraph that they hired 600 people since January and have no imminent plans for layoffs.
Crypto Bank Charter Firm Protego Trust Lays Off Most of Its Workforce: Source
Crypto layoffs decelerate, with layoffs falling to 570 in February
The number is a stark contrast to over 2,900 employees from the crypto industry let go in January.
Dapper Labs Laying Off Another 20% of Its Staff: Report
The job cuts follow a previous 22% workforce reduction in November.
Australian Crypto Gaming Firm Immutable Cuts Staff By 11%: Report
Australian crypto gaming company Immutable is cutting 11% of its workforce, according to a report by The Sydney Morning Herald on Wednesday.
Crypto firms cut nearly 3,000 jobs in January despite Bitcoin’s rise
It was a tough month for crypto employees with at least 14 firms announcing staff reductions in January.
GameStop to drop crypto efforts as Q3 losses near $95M
The gaming company has stopped its cryptocurrency-related focuses but is seemingly still pushing ahead with its NFT and blockchain plans.
Nifty News: China’s lockdown protest NFTs emerge, Candy Digital cuts staff, and more
Two collections have appeared on NFT marketplace OpenSea depicting images and art related to the rare widespread protests in China over its lockdown policies.
FTX collapse could see crypto sector layoffs accelerate
While the full impact of FTX’s collapse is still unfolding, some have already warned of an increase in layoffs to come “in the months to follow.”
Crypto.com gets nod in Dubai and FTX launches in Japan
Crypto.com will have further requirements before its full license is granted in the “near-term” and FTX said the move would allow it to work “directly with Japanese regulators.”
Crypto News Outlet BlockTV Shuts Down, Citing Impact of COVID-19
Cryptocurrency-focused media startup BlockTV has shut down operations due to the economic strains of the COVID-19 crisis, according to two former employees.
New Layoffs Hit Ethereum Incubator ConsenSys
ConsenSys is laying off dozens more staffers, two people familiar with the matter tell CoinDesk.
Novogratz’s Crypto Investment Firm Galaxy Digital Shrinks Workforce 15%
Galaxy Digital, the cryptocurrency merchant bank founded by Wall Street veteran Michael Novogratz, has laid off 13 people, roughly 15 percent of its workforce, people familiar with the situation said. The layoffs occurred across the board in early January, and all of the New York-based firm’s business divisions – asset management, trading, principal investments, and […]
Circle Confirms New Round of Layoffs Following Co-CEO Departure
Circle laid off about 10 employees in its latest effort to cut costs. The move follows a round of 30 layoffs in May.
Blockchain Sleuthing Firm Chainalysis Slashes 20% of Workforce
Chainalysis laid off 39 employees Thursday citing the need for a “path to profitability.”
Zcash Developer Electric Coin Co. Reveals Q1 Financial Loss
The for-profit arm supporting zcash has issued a new report saying it avoided layoffs throughout the bear market despite being in the red.
Crypto Startup Circle Lays Off 30 Employees Citing Market, Regulatory Conditions
Circle is laying off roughly 30 people, CoinDesk has learned.
As ICO Business Dried up, This Firm’s Headcount Fell From 120 to 50
Significant layoffs at Ambisafe tell the tale of another ICO services startup that got too big in 2018.