Peter Thiel-Backed Bitcoin Trading Platform Bitpanda Cuts Staff

The company cited a variety of reasons, including an excessive growth rate and “changing market sentiment.”

BlockFi Secures $250 Million Credit Facility From SBF’s FTX

Amid its growing issues, including laying off staff members, BlockFi said it had signed a credit deal with FTX worth $250 million.

Bybit Becomes the Latest Exchange to Retrench its Staff

Bybit has joined the latest round of layoff action in a bid to reposition its businesses amid the ongoing crypto market slump.

Middle East Crypto Exchange, BitOasis, Cuts 5% Of Its Staff Citing Recession and Market Turmoil

The cryptocurrency exchange BitOasis is the last one to report a staff shortage as result of the difficult market conditions and the economic crisis.

Senators join chorus of disapproval of ‘backdoor regulation’ in SEC staff accounting bulletin

Five Republican senators, including “Crypto Senator” Cynthia Lummis, have sent a letter to the SEC regarding its March bulletin that established broad new requirements for trading platforms.

Binance Looks to Hire 2,000 New Staff

Binance exchange is arguably living up to its ranking as the biggest digital currency trading platform in the world as it has unveiled its plans to hire as many as 2000 new workers despite the current financial market meltdown (Read More)

Coinbase CEO Brian Armstrong Announces Massive Staff Cuts, Citing Recession and Crypto Winter

The head of leading US-based crypto exchange is making significant company-wide layoffs in preparation for a crypto winter.

Crypto Winter Layoffs? Binance Is Hiring While Most Exchanges Are Firing, CEO Says

Many of Binance’s competitors, including Coinbase, have recently announced significant staff reductions.

Coinbase Reduces the Size of the Firm’s Workforce by 18%

Amid the crypto market carnage, the digital currency exchange Coinbase revealed it has decided to lay off 18% of its workforce.

Crypto exchange Coinbase slashes staff by 18% amid bear market

After initially slowing down hiring, Coinbase announced plans to reduce its headcount by 18%, with the CEO citing a starting economic recession. Coinbase CEO Brian Armstrong officially announced on Tuesday that he made a "difficult decision" to reduce the size of the Coinbase team by about 18% due to a starting economic recession.“We appear to be entering a recession after a 10+ year economic boom.

Taxes of top concern behind Bitcoin salaries, Exodus CEO says

Cryptocurrency wallet firm Exodus has been paying all its staff fully in Bitcoin since launching its software wallet in 2015, CEO JP Richardson said. Major cryptocurrency wallet provider Exodus continues paying its employees in Bitcoin (BTC) despite the ongoing bear market, with the total market cap dropping below $1 trillion on Monday.Since launching its software crypto wallet back in 2015, Exodus has been paying its staff 100% in BTC, Exodus co-founder and CEO JP Richardson told Cointelegraph.The company continued to pay all its 300 employees in BTC even during major market downturns, by providing monthly payroll based on their salary in US dollars.“For example, if Bitcoin is $30,000 per token, and someone makes $15,000 a month, they’ll get half a Bitcoin on the first of that month,” Richardson noted.In addition to converting each salary to BTC each month, Exodus also adds a small percentage to every “paycheck” to account for the volatility.

BlockFi Lays Off 20% of its Staff Amid Market Pullback

The lending firm viewed cutting operational expenses as a means to achieve profitability amid crypto winter.

Crypto Lending Company Blockfi Cuts Staff by 20%

On Monday, the cryptocurrency lending company Blockfi announced that “market conditions” have had a “negative impact” on the firm’s business and it will be laying off “roughly 20%” of its staff.

Crypto Layoffs Continue as Celsius Rival BlockFi Cuts Staff by 20%

The crypto lending firm cited a "dramatic shift in macroeconomic conditions worldwide."

Crypto.com Lays Off 5% of Corporate Staff, Citing 'Market Downturn'

Crypto.com joins other cryptocurrency exchanges Gemini, Coinbase, Bitso and Buenbit in making workforce cuts to prepare for crypto winter.

FTX Launches in Japan as Others Tighten The Reins

Some crypto companies appear unfazed by the bear market and are even expanding, while others face contractions and staff layoffs.

Coinbase to Revoke Job Offers Extended to Newly Employed Staff

Coinbase Global Inc, the largest trading platform in the United States is going all tough on its no-hiring plans which was announced by Emilie Choi, the firm’s President and COO about 2 weeks ago (Read More)

Winklevoss’ Gemini Will Lay Off 10% of its Staff Amid Crypto Winter

The billionaire twins cited geopolitical instability and the broader macro environment as the major cause of such first-ever job cuts.

Major crypto firms reportedly cut up to 10% of staff amid bear market

Previous crypto bear markets triggered much bigger layoffs, with some firms like ConsenSys reportedly firing up to 60% of its workforce in 2018. Gemini, a cryptocurrency trading platform founded by brothers Cameron and Tyler Winklevoss, is the latest industry firm to lay off a significant part of its staff due to unfavorable market conditions.Winklevoss’ crypto business Gemini Trust reportedly cut 10% of its employees amid the ongoing bear crypto market, the founders wrote in a notice to employees on June 2, as Bloomberg reported.As part of its first major headcount cut, Gemini will refocus on products that are “critical” to the firm’s mission, the brothers said, adding that “turbulent market conditions” are “likely to persist for some time.” The notice reportedly reads:“This is where we are now, in the contraction phase that is settling into a period of stasis — what our industry refers to as "crypto winter.

Gemini Lays Off 10% of Staff to Prepare for Crypto Winter

"The crypto revolution is well underway and its impact will continue to be profound," the brothers wrote on Gemini's blog.

Former OpenSea Staff Charged with Insider Trading Offenses

Nathaniel Chastain, a former Head of Product at OpenSea, has been arrested by the Federal Bureau of Investigation (FBI) for alleged insider trading.

Fidelity Investments Unveils Plans to Expand Business by Hiring Crypto Savvy Staff

Fidelity Digital Assets, the cryptocurrency arm of Fidelity Investments, is set to onboard additional hands as it prepares for the growing demand in the digital assets ecosystem.

Terraform Labs Staff Discloses LUNA's Potential Risk of Crash but Neglected: South Korean Authority

The staff of Embattled blockchain startup Terraform Labs have been called for questioning as part of an investigation being carried out by the Seoul Southern District Prosecutor’s Office’s joint financial and securities crime investigation team.

Terraform Labs (Terra) Staff Reportedly Under Investigation by South Korean Authorities

Do Kwon may have returned with Terra 2.0, but now the South Korean authorities are supposedly probing staff behind Terra.

South Korean authorities reportedly probe staff behind Terra

South Korean authorities are reportedly looking at the Terra crash to check for signs of intentional price manipulation and other issues. The South Korean government continues to investigate Terraform Labs, the firm behind the Terra Network as well as Luna (LUNC) and Terra USD (UST) tokens, by reportedly summoning subpoenas to employees.South Korean authorities have reportedly summoned all employees at Terraform Labs as part of a full-scale investigation of the collapse of UST and LUNC, the local news agency JTBC reported on May 28.According to the report, the probe is conducted by the joint financial and securities crime investigation team of the Seoul Southern District Prosecutors Office.