Crypto Lender Celsius Cuts 150 Jobs Amid Restructuring: Report
Withdrawals are still paused and the company has hired restructuring experts as it faces a financial crisis. Source
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Cuts
Cosmos-Builder Ignite Cuts Headcount by More Than 50%, Ex-Employees Say
Employees were invited to apply to work at New Tendermint, Kwon’s new venture, said the ex-employee. Those who did not apply were told they would be invited to join a reformulated version of Ignite, or a new initiative called Cosmos Cash. According to the ex-employee, Kwon clarified that not all
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Goldman Cuts Coinbase to ‘Sell’ Due to Fall in Crypto Prices and Industry Activity; Shares Drop
The company faces a difficult choice between shareholder dilution and effective employee compensation, the report said. Original Source
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Australian Crypto Exchange Banxa Cuts 70 Staff
The publicly traded crypto exchange said the "crypto winter" drove the decision to reduce headcount by about 30%. Source
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European Crypto Exchange Bitpanda Cuts Staff by Hundreds
Bitpanda announced it is reducing its employee count to 730, down from about 1,000. Source
Read MoreVoyager Digital Cuts Daily Withdrawal Limit to $10K Amid 3AC Exposure
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LBank Exchange Continues to Hire Amid the Massive Crypto Job Cuts – Press release Bitcoin News
press release 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 and freezing withdrawals,
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MakerDAO Cuts Off Its AAVE-DAI Direct Deposit Module
In response to Aave’s proposal, however, Maker’s Risk Core Unit (RISK-001) initiated a proposal to temporarily disable the Aave DAI Direct Deposit Module, effective today, June 17. The Risk Core Unit described Aave’s governance proposal to increase the liquidation threshold for stETH to 90% as an “unacceptable risk to the
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Maker cuts off Aave’s DAI supply as fallout from Celsius continues
MakerDAO has voted to cut off lending platform Aave’s ability to generate DAI for its lending pool without collateral as the risks of Celsius’s liquidity crisis loom large over the entire crypto ecosystem.The decentralized autonomous organization (DAO) made the decision as a means of mitigating the Maker protocol’s exposure to
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Binance, Kraken & Polygon Accelerate Hiring in Response to Industry-Wide Job Cuts
The CEO of crypto exchange Binance has revealed that the company is hiring for 2,000 open positions in spite of the recent market downturn. Source
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