Tag: Blockchaincom

Blockchain.com Renders A Quarter Of Its Workforce Jobless As Bear Market Bites

Blockchain.com has announced on Thursday that it was slashing a quarter of its global workforce, multiple sources disclosed. The Luxembourg-based cryptocurrency exchange had swiftly grown during the bull market, hiring 450 new employees over the course of 16 months. As the bear market continues to wreak havoc, the company has decided to reverse course, laying off approximately 150 of its 600 employees. Image – Moeara News Suggested Reading | Ripple Will Lose Court Battle Against SEC, Anti-Crypto US Congressman Says The majority of affected employees (44 percent) are based in…

Blockchain.com Cuts 25% Workforce Amid Crypto Bear Market

Blockchain.com said it would be closing down its Argentina-based offices and canceling team expansion plans in several countries. Some 44% of the impacted employees are in Argentina, 26% in the U.S., 16% in the U.K., and the remaining from the rest of the world, the company said. The reduction brings the firm’s staffing back to January 2022 levels, a representative told CoinDesk via email. Blockchain.com has expanded rapidly in the past 16 months, growing from 150 to more than 600 staff. Bolstering its balance sheet by contracting the business means…

Blockchain.com May Suffer $270M in Losses for 3AC’s Insolvency

Cryptocurrency exchange Blockchain.com may suffer a total of $270 million in losses due to Three Arrows Capital’s inability to repay loans due to the bankruptcy and liquidation of Three Arrows Capital. Earlier, the embattled cryptocurrency hedge fund, Three Arrows Capital (3AC) filed for Chapter 15 bankruptcy in the U.S. as it looks to preserve its assets in the country. The woes of Three Arrows Capital were ignited by the collapse of LUNA-UST which the company has a significant amount of exposure to. Three Arrows Capital has been ordered into liquidation…

Blockchain.com CEO Reveals Company Lost $270 Million From 3AC Exposure – Bitcoin News

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According 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 customers will not be impacted.” Blockchain.com Lost $270 Million From 3AC Exposure — CEO Says Company ‘Remains Liquid and Solvent’ Another crypto company has revealed losses stemming from being exposed to Three Arrows Capital Ltd.…

Blockchain.com, Deribit Among Creditors That Pushed for 3AC Liquidation: Report

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Yat Partners With Blockchain.com to Level the Web3 Playing Field, Expand Access to Crypto

Nashville, United States, 16th June, 2022, Chainwire   Yat , the company transforming online identities through personalized emojis, today announced its integration with Blockchain.com, one of the world’s most trusted crypto companies that helps millions across the globe safely access cryptocurrencies. The integration was announced at Yat’s Emoji Drop 4 livestream event.   Yat’s partnership with Blockchain.com will play a crucial role in the company’s mission to provide everyone with equal access to the world of cryptocurrency. The new integration will enable 83 million Blockchain.com wallet holders to send and…

Blockchain.com Plans to Provide an NFT Domain Name to 83 Million Wallet Users – Blockchain Bitcoin News

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Blockchain.com has announced it has partnered with the Web3 digital identity platform and NFT domain name provider Unstoppable Domains in order to launch .blockchain NFT domains. The company says that in the next few weeks, 83 million Blockchain.com wallet users will get a free .blockchain domain. Blockchain.com Partners With Unstoppable Domains — Firms Launch 1st Branded Top-Level Domain Blockchain.com has been a pioneer in the crypto space for quite some time, as the company launched the first Bitcoin (BTC) block explorer in 2011. This week, the company has announced it…

Uncollateralized Lending Platform Truefi Reveals $100 Million Single-Borrower Pool Designed for Blockchain.com – Bitcoin News

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The crypto firm Blockchain.com has revealed it has secured up to $100 million in liquidity from Truefi’s single-borrower pool. The pool will be initially capped at $100 million over the first year and Blockchain.com aims to use the funds to bolster its own “liquidity pools, leverage trading support, and book of lending services.” Blockchain.com Leverages Truefi’s Single Borrower Pool The leading digital asset services and exchange company Blockchain.com has announced it has secured $100 million in liquidity from the uncollateralized borrowing and lending platform Truefi. Essentially, the decentralized finance (defi)…