Cryptocurrency Analysis and News Portal
In this week’s newsletter, we dive into the dynamic world of nonfungible tokens (NFTs) and their impact on the digital landscape, as NFT sales have skyrocketed to an impressive $129 million in November, according to data from Nansen. Despite the surge in sales, OpenSea has laid off a substantial amount
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Ethereum’s oldest NFT marketplace is downsizing its workforce as part of a “2.0 strategy” focused on community, product, and reliability. Devin Finzer, OpenSea co-founder and CEO, disclosed job cuts on Nov. 3 via a thread on X, formerly Twitter. Finzer’s post explained that the decision was necessitated by a rethink of
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Over the last 2 years, there have been a few cuts within the company as part of its goal to “deliver durable savings through improved velocity and efficiency”. Tech giant Google LLC (NASDAQ: GOOGL) has cut at least 40 jobs in its Google News division. According to those familiar with the
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This week, FTX founder Sam Bankman-Fried’s trial began; the crypto sector witnesses more layoffs; a Hamas-led attack stuns Israel; Ripple vs. U.S. SEC continues. SBF faces trial Sam Bankman-Fried’s trial continues on Tuesday, Oct. 10 with testimony from former Alameda CEO Caroline Ellison. Before the trial began on Oct. 3, attorneys declined
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Yuga Labs, creator of the popular non-fungible token (NFT) collection Bored Ape Yacht Club (BAYC), has carried out some company restructuring that will see the laying off of some team members. Yuga Labs CEO Daniel Alegre announced the news in an email sent to the staff which was published on the
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BLOCKCHAIN BAKE-OFF! In July, when the smart-contracts blockchain Celo proposed to ditch its independent “layer-1” status in favor of becoming a layer 2 network atop Ethereum, the people behind the project may have had little inkling of just how popular they would become. Now there’s suddenly a burst of competition
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"While Chainalysis continues to be well positioned for long-term success as a consistently top-performing software company, we are very focused on growing efficiently and, due to market conditions, believe it necessary to reduce our expenses at this time. We remain committed to our mission to build trust in blockchains among
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On Sep. 28, Epic Games, the company behind the popular video game Fortnite, announced that it would be laying off some of its employees due to expenses exceeding revenue. Epic Games CEO Tim Sweeney emailed affected staff, revealing that two-thirds of those affected were from teams “outside of core development.” Sweeney explained that his
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While Foodpanda strives to manage its operations, its parent firm, Delivery Hero, is reportedly in early discussions with potential buyers to sell part of the food delivery business. Singapore-based food delivery company Foodpanda is conducting another round of employee layoffs as it strives for increased efficiency and adaptability. The company confirmed
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According to CEO, the company needs to employ “thousands” of people to maintain its growth potential and margins. Cloud-based software firm, Salesforce, is planning to boost its employee numbers by hiring 3,300 specialists. Chief Executive Marc Benioff revealed this while speaking to Bloomberg at the company’s annual Dreamforce conference. The announcement follows
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