Bybit, Swyftx Join List of Crypto Firms Reducing Workforce
Two more crypto exchanges, Bybit and Swyftx, join the long list of companies to announce headcount reductions as crypto winter bites harder.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
Treasury’s New Stablecoin Rule Could Force US Exchanges to Delist Tether
Austin Campbell, founder of Zero Knowledge Group, said on the Bits + Bips podcast that Treasury’s newly proposed rules for the GEN...
Bank of Russia Lets Brokers Count Crypto as Capital. Anything Off-List Is Treated as 100% Risk
The central bank's draft rules recognise digital currencies as capital, but treat anything outside its approved perimeter as pure...
Crypto firms are struggling in South Korea
South Korean crypto exchanges Upbit and Bithumb have seen revenues plummet in the first half of the year amid a wider downturn for...
Ripple Lands 3rd Korea Deal, Jeonbuk Bank Brings 24/7 Crypto Payments to Firms
Key Takeaways: Jeonbuk Bank is the first regional bank in Korea to use Ripple Payments. The service allows cross-border settlement...
Forced liquidations begin in 30 days for business crypto accounts missing new verification rules on Bybit
Bybit has given some Brazilian business users until Aug. 21 to complete additional verification. Accounts that miss a requested up...
Strategy reaffirms focus on STRC as Digital Credit with 12% annual dividend
Strategy Inc.'s focus on STRC may shift investor sentiment, emphasizing preferred securities over common stock, affecting market d...