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Saudi Arabia Extends Oil Production Cuts, Further Irking US Officials
3.8.2023
Saudi Arabia announced it will continue limiting oil production through September, extending output reductions that have drawn criticism from Washington. Riyadh Holds Firm on Oil Output Limits Saudi Arabia said Thursday it will keep oil production nearly one million barrels per day below its quota...
NFT Now Cuts Jobs in Restructuring Move
31.7.2023
Alejandro Navia, President of NFT Now, tweeted that the Web3 publication had “over-hired.” Meanwhile, another founder of NFT Now’s Twitter was hacked over the weekend
Japan Blockchain Association demands tax cuts for crypto
31.7.2023
Advocates of the crypto industry in Japan demand the revision of the national tax regime for digital assets
Sequoia Capital Cuts Crypto Fund by Over 65% to $200 Million – What's Going On?
28.7.2023
Venture capital giant Sequoia Capital has slashed the size of its cryptocurrency fund by over 65%, reducing it from $585 million to $200 million, Wall Street Journal reported citing sources familiar with the matter.
The venture capital giant has also made corresponding cuts to its ecosystem fund...
ECB Tightens Grip With 12th Consecutive Rate Hike; Lagarde Asserts ‘No Cuts’ Amid Lingering Inflation Concerns
27.7.2023
The European Central Bank (ECB) has raised the benchmark bank rates by 25 basis points (bps) citing that inflation was down but still remained “too high for too long.” When ECB president Christine Lagarde was pressed about cutting rates by reporters, Lagard insisted the central bank was “not going...
KuCoin denies mass layoffs, says cuts are part of 'normal' operations
26.7.2023
KuCoin has shut down rumors that it would be laying off 30% of its workforce but admitted there may be some "personnel adjustments" in the future
Binance cuts back on employee benefits, citing 'decline in profit': Report
17.7.2023
The crypto exchange reportedly stopped offering reimbursement to employees for certain expenses including use of mobile phones, fitness, and working from home
Binance Reportedly Lays Off Over 1,000 Employees, CZ Says Exchange Is Hiring
15.7.2023
Leading crypto exchange Binance has cut hundreds of jobs after a string of executive exits, according to a media report. The news, which comes as the coin trading platform marks its sixth anniversary amid increased pressure from regulators, was termed as FUD by founder Changpeng Zhao who said...
NBA Top Shot Developer Dapper Labs Continues Layoff Trend with New Round of Job Cuts
14.7.2023
Dapper Labs, the non-fungible token (NFT) collectibles company behind NBA Top Shot, recently bid farewell to an additional 51 employees, following a previous staff reduction of 20% in February earlier this year.
In an announcement by Roham Gharegozlou on July 13, the company's CEO revealed that...
Dapper Labs makes 3rd round of cuts in 9 months amid NFT slump
13.7.2023
NFT collectibles company Dapper Labs has said goodbye to another 51 employees only months after a 20% staff reduction in February
Circle Cuts Workforce, Ends Certain 'Non-Core' Activities; Will Continue Hiring Globally
12.7.2023
Stablecoin issuer Circle has cut its workforce slightly to maintain a “strong balance sheet,” the company said Wednesday
Algorand Cuts Block Time After New Upgrade
22.6.2023
The protocol upgrade includes several improvements intended to make application development faster and more cost-efficient
Fed Chair Powell Signals More Rate Hikes This Year as Taming Inflation Has ‘Long Way to Go’
21.6.2023
Federal Reserve Chairman Jerome Powell has signaled more interest rate hikes this year. “Given how far we’ve come, it may make sense to move rates higher but to do so at a more moderate pace,” the Fed chair told U.S. lawmakers. “Inflation pressures continue to run high, and the process of getting...
German newspaper giant to axe old-school editorial staff for AI
21.6.2023
Artificial intelligence will soon make its appearance in one of Europe’s best-selling tabloid newspapers
Goldman Sachs: Markets Too Optimistic About Inflation Cooling
19.6.2023
Goldman Sachs’ strategists have cautioned that markets seem to be more optimistic than they are about the pace of inflation’s decline. “Although we expect further declines in inflation going forward, markets appear considerably more optimistic than we are about the pace of cooling,” they...
Binance.US Cuts Staff After SEC Suit, Citing ‘Very Costly Litigation Process’
15.6.2023
Binance cuts staff
Persona 3 Fans Upset As Remake Cuts Female Protagonist
12.6.2023
At the recent Xbox Games Showcase, Atlus revealed that Persona 3, originally released in 2006, would be getting a full-fledged remake, bearing the title Persona 3 Reload. However, fans are conflicted about the news, as the game’s original voice cast is being entirely replaced. Additionally, an...
Chinese State-Owned Banks Cut Dollar Deposit Rates — Dismiss Government Influence Claims
9.6.2023
Major Chinese state-owned banks have lowered interest rates on U.S. dollar deposits. However, they reportedly dismissed claims that the moves were influenced by the Chinese government, stating that the rate cuts were market-driven. Chinese Banks Reduce Dollar Deposit Rates Major Chinese state-owned...
Blockchain Analytics Firm Nansen Cuts 30% of Staff Amid Market Slump
31.5.2023
Blockchain analytics firm Nansen is cutting 30% of its staff, the company’s CEO Alex Svanevik announced via Twitter on Tuesday.
Svanevik said that the decision to reduce the company’s cost base, which is “too high relative to where the company is today”, was based on the fact that Nansen...
Binance Chief Communications Officer Responds to Reports on Job Cuts
31.5.2023
Binance’s chief communications officer denied that the world’s largest cryptocurrency exchange is cutting 20 percent of its staff, following news reports about the job cuts on Wednesday morning.
Binance’s Patrick Hillmann retweeted a post from independent journalist Colin Wu, who had reported...