• February 3, 2023
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New Deal With NYDIG and B. Riley Cuts Bitcoin Miner Greenidge’s Debt by $61M
Regulation

New Deal With NYDIG and B. Riley Cuts Bitcoin Miner

admin January 31, 2023

Embattled Bitcoin miner Greenidge Technology has finalized its debt restructuring plans with funding financial institution B.Riley and crypto funding agency NYDIG, decreasing its whole money owed by $61 million. In December 2022, the miner announced that there was “substantial doubt” about its capability to proceed as a enterprise, saying that its board of administrators had […]Read More

NFT Market SuperRare Cuts 30% of Employees: ‘We Over-Employed’
Bitcoin

NFT Market SuperRare Cuts 30% of Employees: ‘We Over-Employed’

admin January 7, 2023

SuperRare Labs, the corporate behind NFT market SuperRare, turned the newest crypto participant to make job cuts on Friday, asserting it can cut back its workers by 30%.  The information got here from SuperRare CEO John Crain, who tweeted out a message he despatched to workers in Slack. Crain cited aggressive development and over-hiring as […]Read More

Genesis Cuts Workers by 30% as Monetary Woes From FTX Fallout Persist
Regulation

Genesis Cuts Workers by 30% as Monetary Woes From FTX

admin January 5, 2023

Genesis Buying and selling immediately introduced huge cuts to its workforce in an effort to cut back prices on the ailing institutional crypto agency.  The corporate didn’t present exact numbers, however sources near the matter confirmed to Decrypt that Genesis has laid off 30% of its employees. “As we proceed to navigate unprecedented business challenges, […]Read More

Silvergate Inventory Down 40% Following Diem Write-Off, Job Cuts
Regulation

Silvergate Inventory Down 40% Following Diem Write-Off, Job Cuts

admin January 5, 2023

Amid a “disaster of confidence” throughout the cryptocurrency trade, crypto banking group Silvergate Capital will minimize 40% of its workforce and abandon some tasks—together with a blockchain-based fee resolution primarily based on Meta’s abortive Diem mission. Silvergate inventory was down by 40% in premarket buying and selling, following a enterprise replace launched on Thursday. Within […]Read More

DeFi Lender Maple Finance Cuts Off Orthogonal Buying and selling for ‘Misrepresenting Its Monetary Place’
Blockchain

DeFi Lender Maple Finance Cuts Off Orthogonal Buying and selling

admin December 5, 2022

DeFi lending platform Maple Finance has lower ties with crypto agency Orthogonal Buying and selling after the latter allegedly misrepresented “its monetary place.” M11 Credit score, a Maple Finance pool delegate, issued a default discover to Orthogonal Buying and selling yesterday, claiming that the corporate has has $31 million in excellent liabilities and is unable […]Read More

Genesis Cuts 20% of Workers, CEO Michael Moro Out
Bitcoin

Genesis Cuts 20% of Workers, CEO Michael Moro Out

admin August 17, 2022

Crypto dealer Genesis Buying and selling announced that the agency’s CEO Michael Moro can be instantly stepping down from his function. Derar Islim, Genesis’ chief working officer, will take over as interim CEO whereas the agency is searching for a everlasting substitute. “It has been an honor to steer Genesis for practically a decade and […]Read More

Robinhood April Cuts ‘Did Not Go Far Sufficient’, Says CEO Amid New Lay Offs
Cryptocurrency

Robinhood April Cuts ‘Did Not Go Far Sufficient’, Says CEO

admin August 3, 2022

Robinhood, the beleaguered stock-trading app whose gamified consumer interface introduced crypto and “meme-stock” buying and selling into the mainstream final yr, is shedding 23 p.c of its workers, the corporate announced Tuesday.  The decline within the worth of cryptocurrencies, together with inflation, have been among the many causes, the corporate mentioned.  Robinhood cuts workers, once […]Read More

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