Shutters Asset Management Subsidiary Amid Crypto Winter and Industry Turmoil

According to reports and a filing that shows its name struck off the U.K. companies’ register list, is sunsetting its Asset Management subsidiary. A company spokesperson cited deterioratingmacroeconomic conditions” und die “crypto winteras some of the reasons

Chinese Tech Giants Tencent and Bytedance Plan Cuts in Their Metaverse Divisions

Berichten zufolge, Tencent and Bytedance, two Chinese tech giants, are planning to execute a significant number of job cuts in their metaverse divisions. Tencent recognized it is making some staff adjustments, amidst rumors of hundreds of layoffs in its extended

Meta Reportedly Preparing for a New Round of Layoffs

Meta, the company that owns Whatsapp, Instagram, and Facebook, is reportedly preparing to announce a new round of layoffs in the coming days. Berichten zufolge, the company is delaying the finalization of the budget for each one of its teams,…

Matrixport Joins Growing List of Crypto and Blockchain Companies Letting Employees Go

The crypto firm Matrixport, led by former Bitmain CEO Jihan Wu, is laying off 10% of the company’s staff, according to reports published on Friday. Matrixport’s COO, Cynthia Wu, cited ashift in the regulatory climate” und “industry-wide capitulationsas reasons

Huobi Korea Plans to Cut Ties With Parent Company, Strengthen Domestic Presence

According to a report from South Korea, the Korean subsidiary of Huobi Global is planning to cut ties with the parent company. The management of the trading platform stated that they plan tostrengthen its positionas a domestic cryptocurrency exchange

Huobi Layoffs Spark Controversy and Speculation, Justin Sun Claims Everything Is Fine

The cryptocurrency exchange Huobi is laying off 20% of its employees, according to multiple reports over the past two days. jedoch, Huobi’s advisor Justin Sun, the founder of Tron, told the South China Morning Post that the layoff reports were untrue….

Meta Announces Layoffs Affecting 13% of Workforce; More Than 11,000 Employees to Be Fired Amidst ‘Cultural Shift’

Meta, the social network company, has announced that it will cut 11,000 Arbeitsplätze, letting go of 13% of the employees in its workforce amidst acultural shiftin the company. Mark Zuckerberg, CEO des Unternehmens, explained this decision was made

Die argentinische Kryptowährungsbörse Buenbit führt Stablecoin-Ertragsinstrumente ein

Es wird gut sein, eine der führenden argentinischen Kryptowährungsbörsen, kündigte die Aufnahme von zwei Stablecoins in sein aktuelles Renditeprogramm an. Das Unternehmen wird es seinen Kunden ermöglichen, Renditen von bis zu zu erzielen 11% jährlich auf ihre USDC- und USDT-Fonds, with the

Bitso kooperiert mit Addem Capital, um Kryptowährungs-Anlageinstrumente in Latam anzubieten

Name, the Mexico-based cryptocurrency exchange, has announced a new partnership with Addem Capital, a debt fund that provides startups and other companies with financing options. The cryptocurrency exchange will process payments for the fund and provide conversion functions, allowing it to