FTX collapse could see crypto sector layoffs accelerate

While the full impact of FTX’s collapse is still unfolding, some have already warned of an increase in layoffs to come “in the months to follow.”

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Two Co-head of Citigroup’s Digital Assets Quit, Planing to Launch New Crypto Startup

Two former high ranking executives announced to depart from Citi. The duo sees potential benefits in the crypto industry. (Read More)

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Two Ex-Robinhood Employees Launch New Remittance Service Atlantic Money

High remittance fees charged by the existing fintech ‘challenger’ platforms are some of the issues that prompted Atlantic Money to launch its money transfer service. The platform promises to facilitate cheaper and more efficient remittances. (Read More)

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Blockfi Announces Self-Liquidation Plan After Failed Attempts to Sell Company

The now-defunct crypto lender Blockfi has recently filed a court document outlining its plans to liquidate the company. The firm has come to the realization that selling the company would not be beneficial to its creditors. As a result, Blockfi has decided to take matters into its own hands and proceed with a self-liquidating transaction. [...]

The post Blockfi Announces Self-Liquidation Plan After Failed Attempts to Sell Company appeared first on Crypto Breaking News.

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Dapper Labs makes 3rd round of cuts in 9 months amid NFT slump

NFT collectibles company Dapper Labs has said goodbye to another 51 employees only months after a 20% staff reduction in February.

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OpenAI secures $1.5B funding from SoftBank, allows employees to cash out

SoftBanks tender offer allows OpenAI employees to cash out up to $1.5 billion worth of shares as it takes a larger stake in the company.

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Seoul Takes Control Over $160 Million in Assets of Former Terraform Employees, Founder

Authorities in South Korea have reportedly seized assets worth billions of won belonging to former representatives of Terraform Labs. The measure should prevent suspects in the case with the failed blockchain firm from selling property that may have been obtained with criminal proceeds. South Korean Law Enforcement Moves to Seize Terraform-Linked Real Estate, Report Prosecutors [...]

The post Seoul Takes Control Over $160 Million in Assets of Former Terraform Employees, Founder appeared first on Crypto Breaking News.

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7,800 jobs at IBM could be replaced by AI within years, suggests CEO

Arvind Krishna, the chief executive of IBM, said roughly 30% of their non-customer-facing positions could be covered by artificial intelligence over a five-year period.

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