BlockchainCom Announces 25% Staff Layoff Following 3AC Fallout
BlockchainCom – a crypto financial services company – has let go of 25% of its employees due to harsh market conditions. That’s 150 roles cleared from the firm. A Loss…
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Troubled Crypto Firm Vauld Filed for Protection Against Creditors (Report)
One of the worst affected crypto companies by the unpleasant macroeconomic conditions – Vauld – reportedly filed for protection against creditors in Singapore. The process should grant the entity the…
Bitcoin is the Amazon of the Crypto Era, Says Former BlackRock Exec
Edward Dowd – former Managing Director at BlackRock – thinks that bitcoin will be a much more stable asset once the bear market is over. He described it as “the…
Mike Novogratz Admits Crypto Was More Leveraged Than He Thought
Michael Novogratz – CEO of Galaxy Digital – recently said that he underestimated the extent to which leverage was circulating in the crypto economy over the past two months. He…
The Current Crypto Bear Market Could Last Another 8 Months: Grayscale
In its latest Insight report, the world’s largest digital asset manager, Grayscale Investments, compared the current bear market with other market cycles in crypto history to predict when the next…
Gemini Silently Laid Off Over 60 More Workers, Source Says
On July 18,2022, an anonymous source linked to the crypto exchange Gemini said that the company had laid off 7% of its workforce. The source, who spoke with the Tech…
OpenSea Lays Off 20% of Staff Due to Bear Market
Devin Finzer – CEO of OpenSea – announced on Thursday that roughly 20% of employees have been let go by the NFT marketplace. The move is intended to better prepare…
Protagonist Raises $100 Million to Invest in Early Crypto Startups
Protagonist – a venture capital firm that supports entities in the digital asset industry – launched a $100 million fund that will be distributed to early-stage crypto companies. The initiative…
Korean Fintech Giant Dunamu to Create 10,000 Web3 Jobs and Invest $380 Million (Report)
Dunamu – the company behind South Korea’s leading crypto exchange Upbit – plans to invest 500 billion won ($380 million) in the next five years and create approximately 10,000 new…
Full Impact of Crypto Bear Market Not Yet In, No Catalysts for Reversal in Sight: CoinShares CSO
Crypto winter may be extended until the physical winter in Q4 and even the early Q1 next year, implied CoinShares Chief Security Officer Meltem Demirors in the latest interview with…