Coinbase Plans to Cut 950 Jobs by End of Q2
Crypto exchange Coinbase has said it is planning to reduce its headcount by around 950 employees as part of a restructuring which it expects to be complete by the end of Q2 2023. Source
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Jobs
U.S. Adds Better Than Expected 223K Jobs in December, Unemployment Rate Falls to 3.5%
The price of bitcoin (BTC) was steady at $16,750 in the minutes following the report. Even as the headline 223,000 jobs gained topped expectations, the slowdown trend in employment growth is clear. Monthly job gains in the first half of 2022 were routinely above 300,000, and December's 223,000 is the
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Silvergate Cuts 40% Jobs, Writes Off Diem Asset Acquisition
The crypto-focussed bank is writing off its acquisition of Diem's assets. Source
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Bitcoin Whales are in Accumulation Mode – Blockchain News, Opinion, TV and Jobs
By Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). Despite the bearish price action we have seen over the past year, Glassnode data indicates
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TikTok Parent ByteDance Cuts Several Hundred Jobs in China
TikTok-parent ByteDance said that these job cuts come as part of the company’s plans to streamline operations.As per the latest reports, ByteDance, the parent firm of the social media platform TikTok has cut hundreds of jobs across multiple departments by the end of 2022. TikTok has reportedly joined the list
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Are Hong Kong and Nigeria Embracing Crypto? – Blockchain News, Opinion, TV and Jobs
By Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). Bitcoin broke below $17,000 over the weekend as it is hovering around $16,700 at time of
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Bitcoin Reaches Range High, but Can Its Recovery Continue? – Blockchain News, Opinion, TV and Jobs
By Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). Bitcoin climbed to above $18,000 yesterday, reaching resistance at the local range high around $18,170, before
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Bitcoin Rallies After Release of Softer U.S. CPI – Blockchain News, Opinion, TV and Jobs
By Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). Bitcoin has climbed to $17,800 at time of writing, following softer U.S. CPI released this afternoon.
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Australian Crypto Exchange Swyftx Cuts 90 Jobs Amid Crypto Winter
The job cuts would equate to a reduction of almost 45% of Swyftx's workforce. Source
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Bitcoin Slips As US Economy Added a Strong 263K Jobs in November
Bitcoin Slips As US Economy Added a Strong 263K Jobs in November Source
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