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Swan Bitcoin Alleges Ex-Employees Conspired to Steal Mining Business


A newly filed lawsuit claims that Swan Bitcoin, a financial services company focused on bitcoin, is accusing former employees of trying to hijack its “billion-dollar bitcoin mining business.” According to the suit, Swan’s subsidiary Electric Solidus alleges that Proton...

Paxos Lays Off 65 Employees Following Yield-Bearing Stablecoin Launch


According to sources familiar with the matter, the stablecoin issuer Paxos is cutting 20% of its workforce. This development comes on the heels of Paxos International’s announcement of its yield-bearing stablecoin. Paxos Trims Workforce by 20% Bloomberg reports that Paxos has laid off...

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