Blockchain.com said it would be closing down its Argentina-based offices and canceling team expansion plans in several countries. Some 44% of the impacted employees are in Argentina, 26% in the U.S., 16% in the U.K., and the remaining from the rest of the world, the company said.
Blockchain.com has expanded rapidly in the past 16 months, growing from 150 to more than 600 staff. The firm's Blockchain.com, which is one of the oldest firms in the crypto industry, is also shrinking its institutional lending business, halting all M&A, placing a pause on efforts to expand gaming and slowing its non-fungible token marketplace.
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Vale cuts full-year production forecast, buoying iron ore marketOne of the world's largest miners, now expects iron ore output for the year to be between 310 Mt and 320 Mt, from a previous estimate of 320-335 Mt.
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