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Digital Currency Group Promotes Mark Murphy to President, Cuts Nearly 13% Staff: Report
2.11.2022
Crypto venture capital company Digital Currency Group (DCG) promoted chief operating officer (COO) Mark Murphy to president, amid a restructure which also saw the departure of over 10% of its staff
First Mover Americas: Bitcoin Turns South Toward $20K, Huobi Cuts Ties With the HUSD Stablecoin
28.10.2022
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 28, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Moldova Bans Cryptocurrency Mining Amid Energy Crisis Caused by War in Ukraine
28.10.2022
The government of Moldova has decided to suspend crypto mining activities in the country as it’s facing a major energy crisis. The move is part of emergency measures to reduce power consumption with energy supplies dwindling due to the escalating conflict in neighboring Ukraine. Authorities...
Report: Billionaire Says Britain May Be Forced to Seek Bailout From IMF if It Does Not Renegotiate Brexit Deal
25.10.2022
British billionaire investor Guy Hands has reckoned that Britain will become “the sick man of Europe” and may be forced to seek a bailout from the International Monetary Fund (IMF) if it does not renegotiate its Brexit deal. The billionaire insisted the United Kingdom’s current...
Fallout London Cuts Zombie Queen Elizabeth, Prince Charles
20.10.2022
Fallout London, a hugely ambitious fan-made project that is making an entirely new game set in the post-apocalyptic universe, has recently had to announce a couple of slight content changes in the wake of the death of Queen Elizabeth II.Read more
Stablecoin Issuer Tether Cuts Commercial Paper Holdings to Zero
13.10.2022
The company has been gradually replacing its commercial paper holdings with U.S. Treasury bills
Market Maker GSR Cuts Staff Amid Crypto Winter
11.10.2022
The trading shop cut less than 10% of staff to “continue to position our business for long-term growth,” a spokesperson told CoinDesk
Stablecoin Issuer Tether Increases US Treasury Portfolio, Cuts Commercial Paper Holdings to Below $50M
3.10.2022
The firm had said it plans to bring its commercial paper holdings to zero by the end of the year
Olympus Cuts Down on OHM Inflation to Maintain Sustainability
30.9.2022
At a time, Olympus DAO was popularly known as the ultimate pace setter, where the DeFi 2.0 movement was concerned and deservedly was ruling the roost. Unfortunately, due to various unfavorable circumstances that it faced during this year affected it adversely. Now, to understand Olympus...
Bitcoin Miner Argo Cuts Year-End Hashrate View Citing Delayed Intel Mining Rigs
24.8.2022
The company’s second-half revenue and adjusted EBITDA fell mainly due to the decline in bitcoin prices
Crypto.com moves forward with multimillion-dollar renovation of Staples Center following staff cuts
22.8.2022
"Brave of them... maybe fortune favor them," said one Redditor in response to an artist's rendering of the renovations
Hodlnaut cuts 80% of staff, applies for Singapore judicial management
19.8.2022
Embattled cryptocurrency lending platform Hodlnaut cuts staff ahead of application for judicial management
Aussie exchange Swyftx cuts staff by 21% amid bear market
19.8.2022
Australian crypto exchange Swyftx highlighted inflation, a recession, and the bear market as the reasons behind the unfortunate lay-offs
Crypto Lender Hodlnaut Faces Singapore Police ‘Actions’ and Staggering Job Cuts
19.8.2022
The latest firm to freeze crypto withdrawals is engaged in “proceedings” with Singaporean police
Axie Infinity cuts rewards from classic game, subtly forcing P2E players to new mode
12.8.2022
The team described the move as part of its efforts to balance the economy for the Smooth Love Potion token
Core Scientific increased Bitcoin production by 10% in July amid Texas power cuts
5.8.2022
The mining firm reported it “completely powered-down its Texas data center operations on several occasions” in July to support the state's power grid operator
Bitcoin Mining Difficulty Cuts the Drop Streak
4.8.2022
After a nearly two-month-long drop streak, Bitcoin (BTC) mining just got a bit more difficult.
Bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, went up 1.74% today, going from 27.69 T to 28.17 T.
The rise follows three consecutive drops, a streak that...
CoinFLEX announces staff cuts as part of measures to reduce costs by up to 60%
29.7.2022
“The intention is to remain right-sized for any entity considering a potential acquisition of or partnership opportunity with CoinFLEX,” said the exchange
Rate Hike at Fed's July Meeting Provides a Credibility Test, With Cuts Already on Horizon
26.7.2022
Fed preview
Compass Mining to add 25,000 ASIC miners just weeks after staff cuts
22.7.2022
The Bitcoin mining company plans to expand its fleet of mining devices comes on the back of staff lay-offs and executive salary cuts just weeks before