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Dante Disparte, Circle’s chief strategy officer and head of global policy who has previously testified at congressional hearings, has called on United States lawmakers to balance the risks with developing a regulatory path for stablecoins.In a Monday blog post, Disparte named 18 principles Circle had established as part of its
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CEO Devin Finzer blamed the move on an “unprecedented combination of crypto winter and broad macroeconomic instability.” Source
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Nonfungible token (NFT) marketplace OpenSea announced mass layoffs on Thursday, joining other crypto companies in reducing headcount during one of the most volatile periods in the industry’s history. Co-founder and CEO Devin Finzer took to Twitter Thursday afternoon to disclose that his company was laying off up to 20% of its
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2TM Group, a Latam unicorn and parent company of Mercado Bitcoin, a Latam-based cryptocurrency exchange, has announced it will execute a series of layoffs due to the current market cooldown. The company declared that this action was motivated by the recent global financial scenario changes, making it reconsider its position,
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“The changing global financial landscape, rising interest rates and inflation have been having a major impact on technology-based companies,” 2TM said in a statement, without mentioning an exact number of layoffs, although it did publish a list with 86 profiles of fired employees, along with their contacts. Original Source
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The move follows news of workforce reductions at a number of crypto exchanges in the U.S. and worldwide. Original Source
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Bitso has more than four million users in Mexico, Argentina, Colombia and Brazil. The company told CoinDesk in January that it’s aiming to become the largest exchange in Brazil before the end of 2022. In Brazil, Bitso competes with local crypto exchange Mercado Bitcoin, the leader with more than four
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The European Central Bank (ECB) continues pushing its central bank digital currency (CBDC) project despite Europeans apparently not feeling too positive about a digital euro.The ECB released another working paper on the digital euro, providing an extensive technical analysis of a potential European CBDC and its position in the existing
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The global job cuts come after plans by a company founded by BitMex executives to buy a German bank fell through in March. Original Source
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Peter Schiff is one of the most vocal bitcoin detractors known to investors. The economist has never been one to hide his disdain for the digital asset and continues to bash it at every chance he gets. This time around, Schiff who has always touted the superiority of other investment
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