Monday, November 4, 2024
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CoinDesk lays off over 40% of editorial staff to ‘ensure a financially sound business’ ahead of sale

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Digital Currency Group (DCG) is laying off staff as the company tries to ensure that its expenses-to-profit ratio looks better for potential acquirers. DCG — the owner of CryptoX — is cutting the publication’s editorial team by

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Cumberland Says Financially Burdened Crypto Firms Are ‘Hanging Over the Market Like a Cloud’ – Bitcoin News

Following the over-the-counter (OTC) firm’s Twitter thread on June 14, Cumberland explained on July 5 that “​​rangebound price action belies a volatile picture below the surface,” while crypto markets consolidated during the past week. Cumberland stressed there’s a growing number of crypto companies feeling financial burdens, and “uncertainty” tied to

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Deribit Confirms 3 Arrows Capital as a Shareholder, States the Exchange’s Accounts are in Debt, but Still Financially Healthy

Summary: The team at Deribit has confirmed that Three Arrows Capital is a shareholder at the exchange. Deribit also hinted that its accounts possibly linked to Three Arrows Capital are in debt. However, the team at Deribit quelled fears of insolvency by stating that the exchange will remain financially healthy if the above-stated

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