Cryptocurrency Analysis and News Portal
The proposal suggests an initial burning of 73% of the reserve supply, amounting to 5.28 billion KLAY tokens or approximately 48% of the total token supply. Source
Read More
According to the company's LinkedIn page, Luno has more than 600 employees, meaning it will cut over 210 jobs. Luno said the layoffs will affect employees in all regions. Headquartered in London, Luno has offices in Singapore, Cape Town, Johannesburg, Lagos and Sydney. Source
Read More
“It was our hope to avoid further reductions after this summer, however, persistent negative macroeconomic conditions and unprecedented fraud perpetuated by bad actors in our industry have left us with no other choice but to revise our outlook and further reduce headcount,” wrote Cameron Winklevoss, the president and co-founder of
Read More
DoorDash CEO acknowledged that they were not rigorous in managing team growth. The company has also announced severance benefits to all the departing employees.On Wednesday, November 30, the food delivery platform DoorDash announced its plans to lay off 1,250 employees to rein in its operational costs. The development comes amid
Read More
While the company has no exposure to FTX, the extended Bitcoin bear market is taking a toll on parts of the business. Source
Read More
Attention is the lifeblood of Dogecoin (DOGE) and other memecoins. Much like earnings drive the price of corporate shares, the size and quality of attention captured by memecoins drive their price action.Successful crypto traders understand that DOGE and its kin are not just chips in the “great shitcoin casino” but
Read More
The end of Stronghold's deal with Northern Data will eliminate all profit sharing obligations, which it estimates would have been $10 million-$25 million (depending on the price of bitcoin) until September 2024, according to a statement on Friday. The cash outflow under the previous deal would be about 35% of
Read More
The Committee on Payment and Market Infrastructures, an international body that sets norms for the sector, has said it wants to probe the case for cryptos that seek to maintain value against fiat further in the coming months, according to a report published by the Financial Stability Board, an international
Read More
Michael Moro, the CEO of crypto broker Genesis has quit as the company cuts 20% of jobs. Source
Read More
According to the U.S. Bureau of Labor Statistics, the unemployment rate in the U.S. sits at 3.6% as of May 2022, and yet the number of large companies downsizing highlights the growing rumors concerning an incoming recession. On June 14, Coinbase’s CEO Brian Armstrong said in a note shared with
Read More