Status (SNT), a mobile operating system for Ethereum (ETH), has cut 25% of its staff of around 100 people as the price of ETH continues to fall. According to the transcript from a recent town hall, Status has been “forced” to adapt to current market conditions, and as such, is reducing its staff and asking existing employees […]
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ConsenSys Cuts 13% of Its Staff as the Crypto Bear Market Continues
Ethereum (ETH) development studio ConsenSys has reportedly let go of 13% of its 1,200-person staff as the cryptocurrency bear market enters its twelfth month. According to a recent report by CoinDesk, ConsenSys is refocusing its priorities to improve its business operations, which currently includes over 50 ‘spoke’ startups under incubation. “Excited as we are about ConsenSys […]
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Coinbase cuts staffers in customer support, compliance, fraud depts.
Biggest American digital currency exchange Coinbase has cut a small number of staffers in its fraud, compliance and customer support departments, reports Yahoo Finance. The web services provider’s financial news outlet says the cryptocurrency exchange confirmed the cuts but would not confirm the exa…
The post Coinbase cuts staffers in customer support, compliance, fraud depts. appeared first on CoinReport.
eToro Cuts Crypto Costs to Support Mass Adoption
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British Cryptocurrency Exchange ‘Coinfloor’ Announces Job Cuts
Coinfloor, a UK-based cryptocurrency exchange platform, plans to lay off some of its employees. The oldest exchange service in Britain says the move is part of a restructuring process brought about by certain changes in the virtual currency market dynamics.
Restructuring Necessary Due to Changing Cryptocurrency Landscape
According to Financial News, Coinfloor is set to lay off some of its workers. Inside sources revealed that the job cuts would affect a greater majority of the company’s workforce — which totals more than 40 employees.
Coinfloor chief executive, Obi Nwosu confirmed the reports but didn’t elaborate on the number of affected staff members. Commenting on the matter, Nwosu said:
CoinMarketCap Cuts South Korean Exchanges Without Warning, Panic Selling Ensues
It can be challenging enough to keep up with the fast-paced world of cryptocurrencies and their price fluctuations. The challenges can be compounded when you cannot find a consistent source for these prices and the vital statistics used to make informed trading decisions.
Following a frenzy of activity over the weekend which pushed the total crypto market capacity over $ 800 billion and shut down several exchanges to new users, analytics website CoinMarketCap arbitrarily decided not to include data from South Korean exchanges.