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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Peter Brandt thinks the crypto market has not hit bottom yet. If he is right, the Algorand Foundation’s decision to cut 25% of its staff may be just one of many similar moves still to come across the industry. Related Reading: Congress Targets Crypto Prediction Markets With 4 Bills Banning War And Assassination Bets A […]
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....
In a disturbing development, major crypto firms are actively downsizing their workforce, citing an aggressive artificial integration wave. Unlike the brutal 2022-2023 crypto winter triggered by collapses like FTX, this set of layoffs appears more strategic, aimed at combining efficiency gains from AI with ongoing broader market challenges. Related Reading: Gemini, Winklevoss Twins Hit With […]
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....