NEM Foundation is almost bankrupt
The NEM blockchain, which is behind the NEM (XEM) cryptocurrency, isn’t doing so well.
Latest layoff News
Token platform BlockEx ends 2018 with layoffs
The London-based startup had been tipped for big things, but after a number of setbacks over the past year, BlockEx now finds itself laying off staff, in a bid to remain viable.
ShapeShift lays off one-third of team
Citing the continued bear market in cryptocurrencies, Switzerland-based exchange ShapeShift has let go of 37 employees, about one-third of its work force.
Confirmed: Bitmain facing major staff reductions
When Bitmain filed for its initial public offering a few months ago, it indicated that it had 3,594 full-time employees. That number has dwindled to around 3,100 and the personnel cuts—which reports indicate has affected over 1,000 employees—will lead the company to be nothing more than a shell of its former self.
Steemit restructures with 70% job losses, citing crypto slowdown
Decentralised publishing and content distribution platform Steemit has become the latest blockchain company to feel the heat, as the slowdown in legacy cryptocurrency markets continues to bite.
Coinfloor, UK’s first crypto exchange, lays off staff: report
The exchange is now turning to significant redundancies amongst its 40 strong team, as part of a wider essential restructuring of their business, sources told Financial News.