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The Federal Reserve’s massive emergency rate cut caught Wall Street off guard on Tuesday. Jerome Powell confirmed how serious the economic impact of the coronavirus could be in the U.S. There is barely any stimulus left to help negate a stock market crash. While Donald Trump insists everything
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Blockchain software company Consensys let go of an additional chunk of its staff while splitting its focus in two separate directions. Consensys cut its employee base down by roughly 14%, the company announced on Feb. 4 in a press release. Headquartered in New York, Consensys has also decided to split the
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Taiwanese phone manufacturer HTC confirmed earlier this week that it would axe jobs to remain competitive and better focus on a handful of high-end products, including the EXODUS, its blockchain phone. HTC, which has around 3,000 employees, has not disclosed the scale of the lay-offs or the departments that will be
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AMD, the global leader in the GPU market and world’s second-largest supplier of x86-based microprocessors and Intel rival has cut a deal with a wee Estonian startup called Ultra as a part of its ongoing mission to democratize the games industry for developers and players. “AMD is excited about the use
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Digital asset custody firm Trustology has cut seven of its 18 staffers as the big banks it courted are taking longer than expected to jump into crypto. Original Source
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Payments company Circle has reportedly laid off another ten employees, following the news that its CEO Sean Neville quit his position — events that the firm says are unlinked.On Dec. 11, a Circle representative told CryptoX ”we've streamlined some departments and eliminated about 10 roles.” The spokesperson confirmed that
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Akomba’s results indicate BDN could have a modest but potentially cascading effect on block propagation in the Ethereum mainnet, one of the largest public blockchains and one of the more expensive to transact on, with gas prices around 20 cents. It is also a frequent target in the scalability debate. Source
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Blockchain analytics firm Chainalysis is reportedly letting go of 39 of its employees in order to become more profitable.On Nov. 21, Coindesk reported that Chainalysis is cutting its workforce by nearly 20%, eliminating positions across the board to the tune of 39 employees laid off. According to Maddie Kennedy,
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For the third time this year, the U.S. Federal Reserve has cut interest rates amid a global economic slowdown. However, BTC price stays stable.The U.S. Federal Reserve has lowered interest rates by a quarter of a percentage, exactly rate by 25 basis points to a range of 1.5% to 1.75%,
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Institution-oriented cryptocurrency exchange Seed CX has cut its trading fees to what it claims to be the most competitive levels globally.Competition heats up in crypto trading spaceOn Sept 16, the Chicago-based crypto exchange Seed CX announced that it was lowering its trading fees to some of the lowest levels
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