Auto Added by WPeMatico

Class-Action Lawsuit Accuses Terraform Labs of Misleading Investors

Following the Terra stablecoin depegging incident, a class-action lawsuit has been filed against the company Terraform Labs and a number of other crypto companies over the collapse of terrausd (UST).…

Continue ReadingClass-Action Lawsuit Accuses Terraform Labs of Misleading Investors

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…

Continue ReadingCoinbase Reduces the Size of the Firm’s Workforce by 18%

Crypto Lending Company Blockfi Cuts Staff by 20%

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…

Continue ReadingCrypto Lending Company Blockfi Cuts Staff by 20%