Fun

News Feed - 2023-10-06 04:10:25

Turner Wright4 hours agoLedger lays off 12% of staff, citing ‘macroeconomic headwinds’The wallet manufacturer reportedly had around 734 employees at the time of publication, suggesting roughly 88 people may have lost their jobs.799 Total views4 Total sharesListen to article 0:00NewsJoin us on social networksPascal Gauthier, CEO and chair of hardware crypto wallet manufacturer Ledger, has announced the firm will be reducing its staff by 12%.


In an Oct. 5 blog post, Gauthier said the staff cuts had been made “for the longevity of the business,” citing the 2022 bear market and the collapse of firms including FTX and Voyager Digital. Based on data from LinkedIn, Ledger may have had around 734 employees at the time of publication, suggesting that roughly 88 people may have lost their jobs.


“Macroeconomic headwinds are limiting our ability to generate revenue, and in response to the current market conditions and business realities, we must reduce roles across the global business,” said the CEO. “Sadly, this means we are making the difficult decision to reduce 12% of the roles at Ledger.”


The announcement came roughly seven months after Ledger raised more than $109 million in a funding round, giving the firm a $1.4 billion valuation. In August, Ledger integrated its Live software with PayPal, allowing United States residents with verified accounts on the payment app to buy cryptocurrencies.


Related:Crypto community reacts to Ledger wallet’s secret recovery phrase service


Many crypto firms have announced similar staff cuts amid an uncertain market and changes to the U.S. regulatory environment. In September, Binance.US president and CEO Brian Shroder left the firm amid roughly 100 employees being cut. Nansen, Coinbase, Huobi and Crypto.com have all also said they would have layoffs in 2023.


Magazine:‘Account abstraction’ supercharges Ethereum wallets: Dummies guide# Business# Wallet# Paris# Ledger# EconomyAdd reactionAdd reactionRead moreWhat is an atomic swap, and how does it work?Crypto VC: Token investing and the next bull run with Digital Wave FinanceMacro factors to spark next crypto bull market in Q2 2024, Real Vision’s Raoul Pal says

News Feed

End of Western Union Remittance Service to Cuba a Boon for Crypto
End of Western Union Remittance Service to Cuba a Boon for Crypto As new U.S. government measures that impose restrictions on remittances to Cuba becomes effecti
Blockchain-Shy Bank of America Quietly Pilots Ripple Technology
Bank of America, the second-largest bank in the U.S., has quietly tested out Ripple’s distributed ledger technology – and may be planning to do more with it. Ripple we
ZkSync denies NFT ‘insider minting,’ claims some minters attended events
Christopher Roark10 hours agoZkSync denies NFT ‘insider minting,’ claims some minters attended eventsMatter Labs stated that its employees were not eligible for the ZK airdrop and did not hand out NFTs to friends or
Gemini Just Tokenized a Bitcoin-Heavy Stock – 3 of the Best Altcoins to Ride the Wave
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Bitcoin Use on Darknet Markets Jumps 65% in First Quarter
Bitcoin Use on Darknet Markets Jumps 65% in First QuarterBitcoin transactions on darknet markets jumped 65% in value during the first quarter, according to research by a blockchain
This Week’s NFT Sales Slid 5% Lower Than Last Week, Ethereum NFT Sales Accounted for 76.8% of the Volume
This Week’s NFT Sales Slid 5% Lower Than Last Week, Ethereum NFT Sales Accounted for 76.8% of the Volume On Monday, Dec. 5, 2022, market data shows that non-fungible token (NFT)
Bitcoin Dominance Hits New Cycle High Above 66% – How This 4-Year ATH Affects Altcoin SeasonBitcoin Dominance Hits New Cycle High Above 66% – How This 4-Year ATH Affects Altcoin Season
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
VanEck subsidiary’s memecoin index up 137% year-to-date
Zoltan Vardai13 hours agoVanEck subsidiary’s memecoin index up 137% year-to-dateThis represents a 15x increase compared to the S&P 500’s year-to-date returns.1027 Total views5 Total sharesListen to article 0:00Ne
Future Of Bitcoin: Michael Saylor Envisions Market Cap Climbing To $200 Trillion
Este artículo también está disponible en español. In a recent interviewwith CNBC, Michael Saylor, co-founder of Strategy, reiterated his bullish outlook on Bitcoin (BTC),
Fake Zoom malware steals crypto while it’s ‘stuck’ loading, user warns
Martin Young5 hours agoFake Zoom malware steals crypto while it’s ‘stuck’ loading, user warnsA malicious Zoom look-alike makes it seem like a video conference is stuck in infinite loading, prompting users to instal
Ancient Bitcoin Block Rewards See Decrease in Spending After Record Activity in 2020 and 2021
Ancient Bitcoin Block Rewards See Decrease in Spending After Record Activity in 2020 and 2021 In 2021, a number of 2010 block rewards were spent after the bitcoins sat idle for mor
David Attlee15 hours agoCrypto lobby spending in US set to beat 2022 record: ReportWith more than a month left before the end of 2023, the United States crypto industry has already spent $20 million on lobbying efforts.1