Filecoin Creator Protocol Labs Announces Layoffs Amid Crypto Winter and Economic Downturn – Bitcoin News

Protocol Labs CEO Juan Benet published a blog post on Friday announcing that 21% of the company’s staff will be laid off. Protocol Labs is the creator of the blockchain network Filecoin. Benet emphasized in the blog post that it has been an “extremely challenging economic downturn, worldwide, and especially in the crypto industry.” Protocol Labs Cuts Jobs in Response to Macro Winter and Crypto Market Decline Protocol Labs, the company behind the file storage blockchain network Filecoin, announced on Feb. 3 that it will lay off a number of…

Genesis unsecured creditors’ committee appointed

A seven-member committee has been appointed to represent the interests of unsecured creditors in Genesis Global bankruptcy case, according to court filings on Feb. 4.  The committee will represent the creditors in court, having the right to be consulted before major decisions and to participate in the reorganization plan. Members are generally select from a list of twenty largest unsecured creditors. Among the chosen members are Mirana Asset Management – an arm of crypto exchange Bybit, SOF International, Digital Finance Group, and crypto exchange Bitvavo, along with three individual creditors…

Google Backs AI Firm Anthropic With $300 Million, Following Series B Investment From Controversial FTX Co-Founder – Bitcoin News

As the artificial intelligence (AI) wars intensify, the AI firm Anthropic has raised $300 million from Google and sources say that the tech giant will get roughly a 10% stake in the AI company. Interestingly, in April 2022, Anthropic raised approximately $500 million from sources including Sam Bankman-Fried (SBF), co-founder of FTX; Caroline Ellison, former CEO of Alameda; Nishad Singh, former director of engineering at FTX; and several others. AI Company Backed by Sam Bankman-Fried Raises $300 Million in Capital From Google Following the launch of Chatgpt and Microsoft’s investment…

SHIB Jumps 13% on Saturday, Hitting a 4-Month High – Market Updates Bitcoin News

Shiba inu extended recent gains into the weekend, as the meme coin rose to its highest point in four months. Today’s surge saw prices climb by as much as 13%, and comes despite cryptocurrency markets mostly consolidating. Dogecoin also moved higher, breaking out of a recent ceiling in the process. Shiba inu (SHIB) Shiba inu (SHIB) was one of the biggest movers in the market for a second consecutive session, with prices rising by as much as 13% higher today. SHIB/USD rose to a high of$0.00001457 on Saturday, which was…

The world must take a ‘collective action’ approach to regulations – India’s Finance Minister

India’s Finance Minister, Nirmala Sitharaman, suggested that regulation “cannot be done” by a single country, it requires an international effort, in a recent television interview. Speaking to Rahul Joshi on CNBC-TV18 in India on Feb. 3, Sitharaman noted that while the central bank is the “authority for issuing cryptocurrency,” the rest of the digital assets created outside are “using very useful financial technologies.” Sitharaman said that India is looking at a “global” standard operating procedure (SOP) to be “agreed upon” for regulating crypto assets, ahead of India hosting the G20…

Binance Says Indian Crypto Exchange Wazirx Can No Longer Use Its Wallet Services – Exchanges Bitcoin News

Binance has announced that Indian crypto exchange Wazirx can no longer use Binance wallet services. Zanmai, the operator of Wazirx, has until Feb. 3 “to remove the funds from the accounts that they used for Wazirx’s operations.” The move followed a public dispute regarding the relationship between Binance and Wazirx. Binance Ends Wallet Services to Wazirx Cryptocurrency exchange Binance said Friday that Indian crypto exchange Wazirx “can no longer use Binance wallet services.” Noting that it “has no control over Wazirx user funds or any aspect of the Wazirx exchange’s…

Protocol Labs, Chainalysis and Bittrex add to crypto layoff season

Several crypto firms have made job cuts this week amid the ongoing crypto winter, retaining “impactful” employees as they prepare for a “longer downturn.” At least 216 jobs were slashed between three crypto firms – open-source software laboratory Protocol Labs, blockchain data firm Chainalysis and U.S. cryptocurrency exchange Bittrex, with reductions of 89, 83 and 44 employees respectively. Juan Benet, CEO of Protocol Labs, the parent company of Filecoin (FIL), announced the job cuts in a blog post on Feb. 3 stating that the company has had to focus its…

Filecoin Creator Protocol Labs Cuts 21% of Staff

CryptoX – Cryptocurrency Analysis and News Portal Protocol Labs, the company behind decentralized file storage network Filecoin, is laying off 21% of its staff, CEO Juan Benet announced in a blog post on Friday. Source The post Filecoin Creator Protocol Labs Cuts 21% of Staff appeared first on CryptoX. CryptoX Portal

TZero to Sunset tZero Crypto App Amid Regulatory Challenges

TZero Crypto was launched in 2019 with the idea of creating the first platform where customers could trade cryptocurrencies, blockchain-based securities and traditional stocks with a single app, pending regulatory approval. But those aspirations were complicated by the firm’s run-ins with regulators and other controversies. Source AppChallengesCryptoRegulatorySunsettZERO CryptoX Portal

Crypto VC Firm Pantera Loses CIO Joey Krug

The committee, which will have management oversight over the firm, includes Morehead, longtime partner Paul Veradittakit, and Jasper Lewitton, who joined Pantera last summer as president. Lewitton’s work history includes a decade-long stint at Ray Dalio’s Bridgewater Associates. Source CIOCryptoFirmJoeyKrugLosesPantera CryptoX Portal