Kraken Slashes 150 Roles While Ramping Up AI Efficiency Measures
Kraken’s plan to go public in the US may have to wait until 2027. The crypto exchange, formally known as Payward, laid off about 150 workers last week, a move that has pushed back its initial public offering timeline by at least a year, Bloomberg reported, citing a person familiar with the matter. Related Reading: […]
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Global cryptocurrency exchange Kraken will integrate Lightning Network functionality to improve bitcoin deposit and withdrawal efficiency. The post Kraken Announces Lightning Integration appeared first on Bitcoin Magazine.
"We recognize that hurt feelings are inevitable in a global organization that is optimizing for team outcomes above individual sentiment," said the team at Kraken. On Wednesday, cryptocurrency exchange Kraken announced that it would continue to hire over 500 roles in various departments amid a market downturn. The company's hiring efforts are in stark contrast to a week of severe layoff announcements from major blockchain firms such as Coinbase, BlockFi, etc. In support of the decision to expand its staff, Kraken said: "We have not adjusted our hiring plan, and we do not intend to make any....
“We determined that making these reductions to Robinhood’s staff is the right decision to improve efficiency,” noted Robinhood CEO and co-founder Vlad Tenev. Popular retail trading platform Robinhood has fired 9% of its workforce amid a firesale of its stock that has seen HOOD plunge to all-time lows. In the past 30 days alone, HOOD has tanked roughly 38% to sit at $9.99 at the time of writing, marking the lowest price since the initial public offering (IPO) launch in mid-2021. The decline is part of a longer-term bearish trend that has seen the price of HOOD continually decrease since its....
Bitcoin mining hardware designer Bitmain has released the AntMiner S3, the latest member of its AntMiner family based on 28nm silicon. The AntMiner S3 claims to deliver up to 478GH/s while consuming 366W of electricity, making power efficiency one of Bitmain's biggest selling points. It is priced at 0.75 BTC. AntMiner S3 spec and efficiency. Since the S3 churns out 478GH/s (±5%) and consumes 366W, Bitmain says its power efficiency is 0.77J/GH at the wall. It uses a standard ATX PSU, which is not provided by Bitmain. Due to the relatively low overall consumption, customers can opt for an....
Former Bitstamp executive Miha Grčar is joining Kraken as head of business development. Kraken, a San Francisco-based digital currency exchange, has added a proven crypto industry leader to its executive team, underscoring the firm’s continued expansion this year. In an official blog post, Kraken announced Tuesday that Miha Grčar has joined the firm as head of business development. The post reads:“For the better part of the last decade, Miha has helped Bitstamp gain recognition as a licensed financial institution in Europe, experience that will prove integral as he helps Kraken build....