workforce – DIGIT INFO

Binance Unveils Plan to Hire 1,000 Employees This Year, Prioritizing Compliance Amid Regulatory Pressure

DIGIT — Sat, 24 Aug 2024 05:30:31 +0000

Crypto exchange Binance plans to hire 1,000 new employees this year, primarily for compliance roles, as regulatory spending exceeds $200 million. CEO Richard Teng highlighted the company’s commitment to bolstering its compliance operations amid increased regulatory scrutiny and ongoing legal challenges. Binance to Expand Workforce With 1,000 New Hires Amid Regulatory Scrutiny Binance CEO Richard […]

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Tether to double its workforce to 200 by mid-2025: Report

DIGIT — Fri, 09 Aug 2024 05:53:55 +0000

The stablecoin issuer will still be tiny in terms of staff compared to other tech and crypto companies.

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Mara Collapse: African Crypto Exchange Burns $16 Million for Salaries and Bonuses

DIGIT — Thu, 04 Jul 2024 05:39:32 +0000

Pan-African crypto exchange Mara reportedly lost approximately $16 million out of the $23 million raised from investors. Following the exchange’s collapse, founder and CEO Chinyere Nnadi is said to have launched a new entity called Jara. Nnadi reportedly argued that the exchange depleted its raised capital by paying high salaries to attract talent. CEO Avoids […]

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Can artificial intelligence create more jobs?

DIGIT — Thu, 11 May 2023 10:07:00 +0000

Despite negatively impacting the labor market, there are many reasons to think AI will eventually contribute to creating new jobs and economic growth.

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Japan’s Inflation Surges to 3.5% as New BOJ Governor Takes the Helm

DIGIT — Sat, 29 Apr 2023 20:00:27 +0000

This week, the Statistics Bureau of Japan unveiled the latest core consumer price index (CPI) report for the country, revealing a surge to 3.5%. This figure comes as a surprise to analysts who had predicted a more modest 2.9% for the end of the quarter. It’s worth noting that Japan’s inflation has been steadily rising […]

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Moonvember kicks off with sweeping staff layoffs across crypto

DIGIT — Fri, 04 Nov 2022 06:40:47 +0000

There are still pockets of hope however, with some companies looking to expand despite the market conditions.

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Coinbase Reduces the Size of the Firm’s Workforce by 18%

DIGIT — Tue, 14 Jun 2022 17:30:44 +0000

Amid the crypto market carnage, the digital currency exchange Coinbase revealed it has decided to lay off 18% of its workforce. The announcement follows the company’s original plans to slow the hiring process and the firm rescinding a number of employment offers. Coinbase ‘Grew Too Quickly,’ Crypto Exchange CEO Says On June 14, Coinbase published […]

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Layoffs Spread Across the Blockchain Industry as Bear Market Cycle Impacts Crypto Firms

DIGIT — Sat, 04 Jun 2022 19:00:50 +0000

As digital currency prices have slid significantly in value during the past few months, the bear market cycle is starting to take its toll on the crypto industry’s workforce. On June 2, Gemini’s co-founders the Winklevoss brothers revealed the company would lay off 10% of its employees. The same day, one of the Middle East’s […]

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