Chainalysis Trims Workforce By 15% Amid Broader Crypto Job Market Fluctuations
Facing challenges in the crypto job market, blockchain data company Chainalysis has confirmed another wave of layoffs in a series of employment reductions across the crypto sector, a report from Bloomberg noted. Founded in 2014, Chainalysis swiftly gained a reputation for tracking digital asset transactions and its collaborations with government agencies, including the US. Related […]
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The low prices of cryptocurrencies have lowered crypto services platforms’ income. As a result, it forced many crypto exchanges to lay off their staff to fight the challenging global economic conditions of 2022. Following the footstep of other companies, Swyftx, an Australian-based crypto exchange, has announced cutting its workforce by 21% to minimize the cost […]
Amid the crypto market carnage, the digital currency exchange Coinbase revealed it has decided to lay off 18% of its workforce. The announcement follows the company’s original plans to slow the hiring process and the firm rescinding a number of employment offers.
Coinbase ‘Grew Too Quickly,’ Crypto Exchange CEO Says
On June 14, Coinbase published a blog post written by the company’s CEO Brian Armstrong. The letter from Armstrong was announced in a Tweet that said: Coinbase CEO Brian Armstrong announced today the difficult decision to reduce the size....
Blockchain forensics company Chainalysis is launching two tools that will allow crypto companies to deny sanctioned persons and entities access to their platforms. The move comes amid concerns that Russia may use cryptocurrencies to evade sanctions imposed due to its invasion of Ukraine.
Chainalysis Offers Crypto Industry New Sanctions-Screening Tools
As the military conflict in Ukraine intensifies, western allies continue to expand sanctions on Russia, including by targeting opportunities to employ crypto assets to circumvent the restrictions. Blockchain analytics firm....
Chainalysis is extending its support for the XRP Ledger and the new coverage goes beyond the native token. Customers now get more ways to follow token activity and check transactions. With Chainalysis adding this extended support, users now have stronger ways to interact with one of the most active blockchains in the market. Chainalysis Expands […]
Blockchain data platform Chainalysis has announced that it is adding bitcoin to its corporate investment portfolio. This is the company’s first acquisition of cryptocurrency, the CEO revealed. Chainalysis is valued at $4.2 billion.
Chainalysis’ First Acquisition of Cryptocurrency
Blockchain data analytics firm Chainalysis announced Tuesday the addition of bitcoin to its balance sheet.
Chainalysis will acquire bitcoin using the brokerage services of the New York Digital Investment Group (NYDIG), the bitcoin investment arm of Stone Ridge Asset Management.....