News Formal

Is It Really a Bull Market? These Crypto Companies Laid Off Employees In a Week

  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Crypto Blog

Bitcoin is trading a few thousand dollars below its all-time high of $73,750, and the global cryptocurrency market cap has increased to $2.46 trillion this year, but digital asset companies are still laying off their employees.

The decision was necessary for dYdX to focus on its vision with renewed passion and clarity. Juliano asserted that the job cut was not a financial decision.that it was laying off around 160 employees, accounting for 20% of its workforce. The firm cited macroeconomic challenges and legal costs from regulatory battles as reasons for reducing its headcount.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 568. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto Market Rebounds Despite SEC’s XRP Appeal as Crypto All-Stars ICO Continues to GrowCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Prosecutors Charge Four Crypto ‘Market Makers,’ Employees With Market Manipulation, FraudCheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings.
Source: CoinDesk - 🏆 291. / 63 Read more »

$1.1 Billion in 24 Hours: What's Next for XRP Amid $203 Million Market Sell-Off?XRP faced increased market activity amid broader crypto market sell-off
Source: Utoday_en - 🏆 295. / 63 Read more »