Meta Platforms is planning to cut expenses by at least 10% in the coming months, in part through staff reductions, as the social-media giant confronts stalling growth and increased competition, accord...
Tag: Reduces
Polkadot price analysis: DOT price reduces to $6.92. Can bulls reclaim $7?
The Polkadot price analysis shows bearish price movement today, as the coin has broken below the $7 psychological mark. Bears have covered a range downwards since yesterday as the DOT price has come d...
SushiSwap reduces proposed salary for its ‘Head Chef’ role after community pushback
Decentralized crypto exchange SushiSwap’s governance community has voted to reduce the compensation for its chief executive position – or “Head Chef,” in its parlance. In SushiSwap’s initi...
Swyftx reduces workforce by 21 percent
Swyftx, a crypto exchange based in Australia, has reduced its workforce by about 21 percent. The exchange confirmed the development in a blog post on its official handle. According to Swyftx, the ling...
Litecoin price analysis: Bearish cycle reduces LTC value to $54.96
Litecoin price analysis shows that the coin is in a bearish trend as it has been trading below the $55 mark for the past few days. However, prices have found some support at $53.64 and are currently t...
Litecoin price analysis: Bearish cycle reduces LTC value to $61.17
Litecoin price analysis shows that the LTC/USD pair is currently in a bearish cycle. The value of Litecoin has reduced to $61.17, after finding support at $61.16. The market is expected to correct hig...
Bearish cycle reduces DOT value to $9.11
Polkadot price analysis is currently bearish as the market slides below $9.11. This comes after a period of consolidation around this price level. The bears now seem to be in control as they push DOT/...
Tether (USDT) Reduces Commercial Paper Use and Discloses No Chinese Links
Tether Holdings Ltd. denied rumors that its Tether (USDT) token was backed to 85% by Chinese or Asian commercial paper. They denied rumors that it is still using Chinese commercial paper. According to...
Russia Threatens, EU Reduces, US Industry Helps To Untangle The Natural Gas War In Europe.
The receiving station for the Nord Stream 1 natural gas pipeline near Lubmin, Germany. Getty Images Both oil and gas exported from Russia bring in significant revenue that can be used to support the R...
Here’s How Polygon zkEVM Increases Transaction Speed And Reduces Fees By 90%
Polygon has launched the first Ethereum-equivalent scaling solution Polygon zkEVM capable of reducing fees by 90%, while also increasing transaction speeds. It is a Layer 2 scaling solution that gives...
BlockFi Quietly Reduces Employees, Offer Buyouts To Force Resignations
BlockFi, a cryptocurrency lender that just closed a $400 million loan and possible purchase conditions with cryptocurrency exchange FTX, is providing staff buyouts as a covert means to cut down on man...
Celsius debt reduces amid DeFi protocol’s repayment
Troubled crypto investor astronomer (CEL) seems to own no intention of being frozen out of the crypto world and is constant to require action to avoid doable insolvency, because it has been hastily re...
Compass Mining cuts staff by 15%, reduces salaries for senior employees
Bitcoin mining company Compass Mining is letting go of 15% of its team. The miner is also cutting salaries and spending, according to a statement on Thursday. Pay cuts to senior employees and the exec...
CoinLoan Reduces Withdrawal Limits but Claims No Exposure to Luna, Celsius, 3AC
CoinLoan – a company that offers crypto-backed loans and interest-earning accounts – said it will balance the flow of funds on its platform by reducing the account withdrawal limits. The firm assured ...
As Other Companies Discontinue Withdrawal, CoinLoan Reduces Limits to $5,000 per Day
While CoinLoan makes temporary changes to the withdrawal limit, the lending company assures customers of the security of their assets. Crypto lending platform CoinLoan has announced temporary changes ...
Tether Reduces Commercial Paper Reserves by Another $5B
Key Takeaways Tether is reducing its paper asset reserves by almost $5 billion. The company is trying to increase its share of U.S. treasury bills and intends to bring its paper holdings to zero. The ...
Tether Reduces Commercial Paper Exposure to $8.4B Amid USDT Backing Questions – crypto.news
On Monday 27th, Tether CTO Paolo Adorino explained the backing of the Tether stablecoin. Paolo Noted that the network has successfully reduced the USDT commercial paper exposure from $45 billion to $8...
Crypto Payment Channel Banxa Reduces Its Staff By 30% To Survive Crypto Winter
The cryptocurrency market has been facing a second bloodbath without any gap for the first time in history, disrupting the blockchain industry to a vast extent. Consequently, crypto-oriented businesse...
Investment platform Bitpanda reduces headcount to 730 employees
Correction: This article has been corrected to say that BitPanda’s headcount has been reduced to 730 people. An older version mistakenly said that the company was laying off 730 people. The Bloc...
Voyager Digital reduces withdrawal limits to $10,000 amid 3AC exposure risk
? Want to work with us? CryptoSlate is hiring for a handful of positions! Voyager Digital recently announced a $200 million loan from Alameda Ventures amid publicizing a $612 million exposure to Three...
Coinbase New Strategy Reduces Influencers PayOut
33 mins ago | 2 mins read Exchange News Payment for two social media influencers has been decreased by more than 90% Workforce cut off by 30% and salary for existing reduced around 50% Advertising in ...
Solana-based Solend Protocol Introduces Borrowing Limit, Reduces Max Liquidation
As CoinGape reported, the Solana-based “decentralized” lending protocol Solend has been grappling to avoid a liquidity crisis amid the SOL price crashing and the whale accounts having huge margin call...
Cardano price analysis: Bearish cycle reduces ADA value to $0.438
The Cardano price analysis reveals the cryptocurrency is continuing the downslide for the second day now. Cardano got rejected from further upside when the price reached $0.531 on 15 June 2022, and th...
Coinbase Reduces the Size of the Firm’s Workforce by 18% – Bitcoin News
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...
BlockFi reduces staff by 20%
BlockFi co-founder Zac Prince has regretfully stated that the crypto lending company will reduce staff by 20% due to dramatic economic conditions worldwide. BlockFi and Zac Prince’s regretful message...
BlockFi Reduces Workforce by 20% as Crypto Winter Intensifies
The current bearish market trend is affecting both investors and companies in the crypto industry. While investors scratch their heads in losses, firms such as crypto lending exchange BlockFi are taki...
Tether reduces commercial paper holdings to improve quality of reserves
Stablecoin issuer Tether said it reduced its commercial paper holdings in the first quarter of this year to improve the quality of its reserves. Tether reported today that it had reduced its commercia...
Tether reduces commercial paper – The Cryptonomist
Tether reaffirms that USDT issued are fully collateralized, with a significant 17% reduction in commercial paper among them and an increase in US Treasury bonds instead. Tether’s off-chain collaterali...
Zoom (ZM) nosedives as Citi reduces price target on the stock
Zoom Video Communications (NASDAQ: ZM) fell during the market open on May 16 as Citi (NYSE: C) reduced its price target for the company to $118. Competition with Microsoft’s (NASDAQ: MSFT) Teams was ...
Chainlink price analysis: LINK continues to descend as the price reduces to the $16 range
TL;DR Breakdown Chainlink price analysis is bearish. Resistance for LINK is present at $16.9. Support for LINK is present at $15.3. The Chainlink price analysis is bearish for today as the coin is at ...
10% Growth in Crypto Market Cap Reduces Value of African Firms by 0.76% – Featured Bitcoin News
A study undertaken by two assistant professors at American University in Cairo (AUC) has suggested that an increase of 10% in the crypto market cap causes the market value of “African micro-entities” ...
ICM.com Reduces Spreads by Up to 50%, Adds New Instruments
ICM.com, a leading UK-based global multi-regulated financial service provider, have reduced spreads by up to 50% on gold, oil, Dow Jones, S&P, Nasdaq and natural gas. The company have also added 4...