The Brooklyn, New York-based news and documentary media giant, Vice Media LLC, is cutting 250 employees out of the company and closing down its flagship weekly HBO program, sources tell the Wall Street Journal. Vice is the latest major news media outlet in recent weeks to lay off hundreds of workers as part of massive downsizing to keep the companies afloat. A leaner organization is part of the company’s realignment of its entire global strategy. The 250 Vice employees comprise about 10% of the company’s workforce. HuffPo and BuzzFeed Layoffs “Difficult Changes” was the subject line of the email sent
Earlier this month, we reported that ConsenSys, the Ethereum (ETH) development studio founded by Joseph Lubin, let go of 13% of its 1,200-person staff as the cryptocurrency bear market entered its twelfth month. Now, a recent report by The Verge indicates that ConsenSys is quickly spinning out startups (“Spokes”) that it previously supported via its internal incubator, which will have […]
This week, following the scheduled leave of John F. Kelly, United States President Donald Trump has chosen the pro-Bitcoin Mick Mulvaney to serve as the acting White House Chief of Staff beginning 2019. According to the Washington Post columnist Matt O’Brien, Mulvaney has been vocal about his support of Bitcoin (BTC) and in a speech covered
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U.S. President Donald Trump has hired the prominent Bitcoin supporter Mick Mulvaney to be his new White House Chief of Staff. Donald Trump is one of the most polarizing people on Planet Earth and whether you love him or hate him, it is beneficial for the crypto industry to have a major Bitcoin advocate whispering
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In today’s edition of The Daily, we feature a couple of stories from the U.S. political scene. President Donald Trump has chosen a known Bitcoin advocate as the Acting White House Chief of Staff. And a congressman proposes to fund the building of a barrier on the U.S.-Mexico border with a “Wall Coins” crowdsale offering.
Mick Mulvaney Moves Up in the Trump Administration
U.S. President Donald Trump has announced on Friday that Mick Mulvaney, Director of the Office of Management & Budget, will be named Acting White House Chief of Staff. As we reported when he was first appointed as Trump’s budget director back in February, Mulvaney has made public his positive interest in Bitcoin.
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 […]
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 […]
Steemit, Inc., the company behind the open-source steemit.com, a decentralized app on the Steem blockchain, has laid off 70% of its staff amid the ongoing crypto bear market. Looks like Steemit, Inc. is close to going belly-up and laid off 70% of their staff. How is that even possible when they mined & auto-sold almost 1/3 of […]
The bigger the business or industry, the more financial services and specialization it requires. As the crypto industry grows up and more firms establish themselves, important services such as auditing and tax consultancy become increasingly necessary. Traditional auditing and consulting firms are answering the call by hiring crypto specialists in droves. According to an article
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The largest digital currency exchange in the world is Coinbase and a handful of remote customer support staff have been cut this week.
This was confirmed by Coinbase but they didn’t specify how many employees they let go but according to rumours, there were around 15 people that lost their job.
The company has over 500 workers and so this number might not seem like a big impact but when you look at the fact Coinbase was preparing to go public then this is an interesting time to let people go. A large amount of funding came in this month and now the exchange has a value of $ 8 billion.
Crypto exchange Coinbase continues its recent shakeup of staff and executives as its customer service staff are cut.
Crypto exchange Coinbase recently engaged a series of cuts and shakeups involving staff and executives. According to Yahoo Finance, the majority of the laid-off employees were remote.
The customer service cuts come despite the exchange’s commitment to user satisfaction. The customer service staff — some of whom had been with the company as far back as 2013 — were cut despite this proclamation from Coinbase’s early days:
Coinfloor, the United Kingdom’s oldest Bitcoin (BTC) exchange, recently announced plans to cut the majority of its staff following a setback. According to sources familiar with the matter, the company will be slashing the majority of its 40 person team. Obi Nwosu, who stands as the company’s chief executive, confirmed the reductions but declined to […]
San Fransico-based cryptocurrency exchange Coinbase has reportedly doubled its staff from 250 to 500 since setting the goal earlier this year. According to a report by Business Insider that cites a company spokesperson, Coinbase has added the staff members quicker than anticipated, despite a massive on-going bear market that has significantly hurt trading volume. Coinbase’s growth comes […]
Leading US cryptocurrency exchange Coinbase has reportedly managed to double its staff members, thus hitting its 2018 target. At the same time, the company revealed its intentions to become the NYSE for cryptocurrencies.
500 Staff Employees
The San Francisco-based cryptocurrency exchange has doubled its staff members to 500 according to a report by Business Insider.
Earlier this year, Coinbase announced its plans to become a fully SEC-regulated broker-dealer. Furthermore, the company added a suite of products which facilitate institutional investments and also revealed its intentions to expand to Japan. Most recently, the cryptocurrency exchange announced that it is exploring a potential Bitcoin ETF.
Cryptocurrency exchange Binance continued to wow cryptocurrency commentators as data shows the platform made almost as much profit as Nasdaq in Q1 2018.
8 Months, $ 200 Million
A comparison uploaded to Twitter by Danhua Capital managing Director Dovey Wan August 30 shows that for that period, Binance pulled in $ 200 million against Nasdaq’s $ 209 million.
The figure represents one of several linked to Binance’s rapid growth to circulate among the online community, Wan also noting the exchange beat Deutsche Bank’s Q1 profits by almost $ 50 million.
The investigation into the Thailand bitcoin fraud case involving a Finnish national who lost 5,564 bitcoins to Thai fraudsters has now widened its reach to include a stock investor and bank employees. According to the Bangkok Post, Prasit Srisuwan, an investor at the Stock Exchange of Thailand, as well as employees of three Thai commercial
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