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Bitcoin Miner Cathedra Slashes Payroll Costs by Two-Thirds With Job, Salary Cuts

14.11.2022
The mining firm is cutting down costs amid the market downturn

Goldman Cuts Coinbase Price Target to $41, Says Exchange is Fairly Insulated From FTX Collapse

14.11.2022
Goldman maintained a sell rating on COIN, revising its 12-month price forecast to $41 from $49

Bank of Russia Suggests Tax Cuts for Long-Term Digital Asset Holders

9.11.2022
The Central Bank of Russia is proposing to introduce tax incentives for long-term holders of digital financial assets. The idea has been circulated with a consultation paper published for public discussions on the development of the digital asset market in the Russian Federation. Bank of Russia...

Meta reportedly plans 'large-scale layoffs,' but what of its metaverse division?

7.11.2022
As of the end of September, Meta had more than 87,000 employees — a large proportion of which is said to work in the Reality Labs division

Coinbase Cuts Q3 Losses in Half, Sees Crypto Headwinds Continuing Into 2023

3.11.2022
The crypto exchange’s transaction revenue fell 44% from the second quarter

Payments Processor Stripe Cutting Over 1,000 Jobs

3.11.2022
The firm is cutting 14% of its staff, according to a memo

Dapper Labs Cuts 22% of Staff as NFT Market Craters

3.11.2022
Sales volume for Dapper Labs' NBA Top Shot has declined to $2.6 million from $224 million in February 2021

Crypto Exchange BitMEX Cuts Staff as It Pivots Back to Derivatives Strategy

2.11.2022
Cryptocurrency exchange BitMEX has cut a portion of its workforce as it pivots back to focusing on derivatives trading

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...