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Report: Blockchain.com Cuts Staff by 25%, Executive Salaries Reduced

Report: Blockchain.com Cuts Staff by 25%, Executive Salaries ReducedAccording to a recent report, Blockchain.com has laid off a quarter of the company’s staff and it has closed the crypto company’s Argentina-based offices as well. The layoffs follow the report that noted Blockchain.com lost $270 million due to exposure to Three Arrows Capital (3AC). Blockchain.com Lays Off 150 Workers Citing Crypto Winter Conditions […]

XRP jumps 25% as SEC may not pursue appeal after Gensler’s departure

Report: Blockchain.com CEO Reveals Company Lost $270 Million From 3AC Exposure

Report: Blockchain.com CEO Reveals Company Lost 0 Million From 3AC ExposureAccording to a report published on July 8, the cryptocurrency firm Blockchain.com lost $270 million from exposure to the crypto hedge fund Three Arrows Capital (3AC). The news was shared in a recent letter to shareholders written by the company’s CEO Peter Smith. The Blockchain.com executive stressed that the firm “remains liquid, solvent and our […]

XRP jumps 25% as SEC may not pursue appeal after Gensler’s departure