BlockFi cutting 20% of staff to prioritize profitability goal
BlockFi announced it will let 20% of its staff go to remain profitable in the current market conditions.
Read crypto exchange news, listing updates, security incidents, trading volume shifts, and platform strategy across global markets.
Crypto.com becomes the third crypto company to announce their downsize by letting go 260 people from its staff.
The exchange said that a stuck on-chain transaction was causing a backlog but that BTC withdrawals are still possible on other networks.
Crypto lending and borrowing platform Celsius has halted withdrawals, sparking more questions about the firm's solvency.
Binance has scored a new partnership with Triple A as its new universal crypto payment gateway for its Binance Pay feature.
The Bored Ape Yacht Club collection has dominated the NFT market since its launch, but changes in volume ranking indicate BAYC's crown is slipping.
A week after the "durable nonce" bug took down the Solana network, custodians have reported further problems.