Get enterprise crypto news covering adoption, infrastructure, compliance, and real-world blockchain deployments by global companies.
Terming the move "measures of a response management" Banxa joins the list of companies laying off part of its workforce in this current "crypto winter" to save over $10 million per year.
Abdulrasaq Ariwoola 2 min read 
The initiative appears to be a response to re-developing the capital's Soyapango district, which has a reputation for gang violence.
Goldman Sachs predicts that Coinbase revenue could decline by 61% because of the current market conditions that have affected retail traders.
Since the ronin bridge exploit that Axie Infinity suffered, the loot has lost a substantial part of its value due to the crypto market crash.
Bhumika Srivastava, Polygon's Global Head of HR, said crypto employment is buoyant despite the downturn in prices.
Ripple has built a new office in Toronto, Canada, that will act as an engineering hub to drive crypto innovation. This new location is part of the company's global expansion.
Mark Zuckerberg said Meta is aiming at becoming a large social platform with a solid economy, including billions of people who spend hundreds of dollars.
Chainalysis response service will match crypto crime victims with a team of investigative experts to trace the funds and attempt their recovery.
In May, a BTC sell-off trend for its miners began as its price fell to an 18-month low. More miners are forced to sell as the Bitcoin prices continue their downtrend and the electricity fees increase.
