Internal Restructuring Bitcoin mining giant MARA, formerly Marathon Digital Holdings, has laid off roughly 15% of its workforce as part of a …
Staff
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Mining
MARA Is Selling Its Bitcoin and Firing Staff — And Calling It a Growth Strategy
by shayaanby shayaanMARA Holdings (MARA) reportedly cut approximately 15% of its workforce and sold over 15,000 Bitcoin ($BTC) for $1.1 billion to retire convertible …
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DeFi
Ex-Fidelity staff target retail investors with onchain gold arbitrage product
by shayaanby shayaanAltura, a decentralized finance protocol founded by former Fidelity and PwC staff is launching an onchain gold arbitrage strategy aimed at retail …
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Smart Contracts
US Congressman Moves to Ban Staff From Trading on Prediction Markets
by shayaanby shayaanIn short Democrat Seth Moulton of Massachusetts has banned all congressional office staff from trading on prediction markets such as Polymarket and …
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In brief Story Protocol developer PIP Labs has let go of several employees and contractors. The reductions come as the firm explores …
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Regulation
Gary Gensler’s Former Chief of Staff Amanda Fischer Criticizes SEC’s Recent Tron (TRX) and Justin Sun Decision – ‘Treating Them Differently Than Others’
by shayaanby shayaanAmanda Fischer, former chief of staff to former SEC Chairman Gary Gensler, has sharply criticized the institution’s settlement with Tron (TRX) and …
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Finance
Jack Dorsey’s Block may cut up to 10% of staff in business overhaul: Report
by shayaanby shayaanJack Dorsey’s payments company Block Inc. has begun informing hundreds of employees that their roles could be eliminated during annual performance reviews, …
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Regulation
SEC staff must obtain top-level approval before launching investigations under new leadership
by shayaanby shayaanThe SEC is now requiring its lawyers to obtain top-level approval before formally launching an investigation, according to two sources familiar with …
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Markets
Axie Infinity Creator Cuts 21% of Staff Despite Year of ‘Valuable Growth'
by shayaanby shayaanSky Mavis, the web3 gaming firm behind Axie Infinity, laid off 21% of its workforce last week. The web3 firm’s co-founder and …
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Regulation
Consensys CEO Joe Lubin Says SEC’s Abuse of Power Among Reasons Blockchain Firm Laying Off 20% of Staff
by shayaanby shayaanThe CEO of blockchain software firm Consensys says the company is terminating 20% of its workers as the crypto industry faces a …