Proton Management argues that Swan Bitcoin never owned the mining business in question, as it was part of 2040 Energy, a separate entity funded by Tether in which Swan holds only a minority stake. Proton claims it is enhancing the value of 2040 Energy, and not harming Swan. Tether-Issued Stablecoin …
layoffs
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Due to this anticipation, Bitcoin shot up over 2% within 30 minutes. Bitcoin Approaches $57,000 At the time of writing, Bitcoin (BTC) is trading for $56,821, swiftly moving towards the $57,000 mark. The August unemployment rate hit expectations, coming in at 4.2%. It means unemployment is back on the decline, …
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ZKsync Maker Matter Labs Reveals Layoffs Amid Crowded Ethereum Scaling Market
by Sander Lutzby Sander LutzMatter Labs, the company behind Ethereum scaling network ZKsync, announced on Tuesday that it laid off over 16% of its staff, in the latest contraction to shake up the crypto industry. Alex Gluchowski, the company’s co-founder and CEO, announced the move publicly, calling it “the hardest change” he’s had to …
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Matter Labs, the main developer behind the Ethereum layer-2 protocol ZKsync, laid off 16% of its employees as part of a restructuring. The company made the move to adapt to “the different type of technology and support” that developers building on ZKsync now require, according to a post on X …
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Brave Software, the developer of the privacy-focused Brave Browser, has laid off 27 employees across different departments, according to TechCrunch. This is a notable portion of its staff with PitchBook estimating the company is made up of 191 employees. Brave did not immediately respond to Decrypt’s request for comment on …
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Bitcoin financial services platform Fold announced plans Wednesday to go public via a special purpose acquisition company (SPAC), in a deal that values the firm at $365 million. To facilitate the transition, Fold has reached an agreement with FTAC Emerald Acquisition Corp. through which the businesses will combine, with the …
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Swan to cancel public listing and shutter Bitcoin mining unit following layoffs
by Daniel Kuhnby Daniel Kuhn–> Swan Bitcoin , the California-based, bitcoin-only investment platform, is rolling back its mining business revealed earlier this year, and canceling plans to go public, CEO Cory Klippsten announced on X. “@Swan is unlikely to continue with our Managed Mining business in the near term. Without the expectation of significant …
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We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports As activity on crypto prediction market Polymarket sets a new monthly all-time high halfway through July, …
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RareSkills, founded in September 2022, focuses on providing advanced blockchain training, filling the gap in high-quality, in-depth educational resources in the complex field. RareSkills.io is an educational platform founded in 2022 by Jeffrey Scholz. It offers advanced training in blockchain technology, focusing on specialized areas such as Solidity, Zero-knowledge proofs, …
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Stability AI, known for its image generation platform Stable Diffusion, will now be led by Prem Akkaraju as its new CEO, according to a Monday report from The Information. Akkaraju is the former CEO of visual effects company Weta Digital. Stability AI’s founder and first CEO, Emad Mostaque, resigned in …