Cryptocurrency-focused media startup BlockTV has shut down operations due to the economic strains of the COVID-19 crisis, according to two former employees.
Coinbase bucks the coronavirus trend with a hiring spree, spotlighting interest in stablecoins and lending
- The global economy is seeing unprecedented job losses, with U.S. unemployment claims at historic levels
- The crypto industry has seen layoffs across an array of notable companies
- But new job postings indicate that exchanges are bucking this trend
New reports indicate that ConsenSys, the development studio focused on Ethereum projects, has laid off as many as 100 staff members.
The post Ethereum development firm ConsenSys cuts 14% of staff, cites impact of coronavirus pandemic appeared first on The Block.
ConsenSys is laying off dozens more staffers, two people familiar with the matter tell CoinDesk.
BitGo confirmed to The Block that it has laid off 12% of its workforce.
The post Crypto custody firm BitGo has laid off 12% of its workforce appeared first on The Block.
- Top blockchain analytics firms – Elliptic, Chainalysis and CipherTrace – are moving to blunt the economic impact of the coronavirus pandemic
- Elliptic has cut 30% of its workforce in the U.S. and the U.K., CEO James Smith told The Block
- Chainalysis is planning a 10% pay cut, while CipherTrace has cut staff in its sales and marketing divisions.
Cryptocurrency miner Bitfarms, which is listed on Canada’s TSX Venture Exchange, has cut staff citing coronavirus effects.
The post Crypto miner Bitfarms lays off staff citing coronavirus effects appeared first on The Block.
Ousted Bitmain co-founder Micree Zhan Ketuan has said that he is “firmly opposed” to layoffs. In an open letter to Bitmain’s employees, published today on his Weibo social media account, Zhan said that he read the news of Bitmain’s planned layoffs and thinks it is “unreasonable.” “Bitmain’s cash flow is healthy, and there are huge […]
The post ‘I am firmly opposed to layoffs,’ says Bitmain’s ousted co-founder Micree Zhan appeared first on The Block.
The firm is expected to cut more jobs, but will continue to invest in its blockchain phones.
The post HTC doubles down on VR headsets and blockchain phones appeared first on Decrypt.