On top of laying off employees, Binance is also reducing benefits, according to The Wall Street Journal.
The newspaper reported last week that Binance, the world's largest cryptocurrency exchange, had laid off more than 1,000 employee in recent weeks. The company, which has billed itself as a “remote-first” company, at one point employed more than 8,000 employees around the world.
It's now cutting back on "mobile-phone reimbursement, fitness reimbursement and work-from-home expenses, " according to The Wall Street Journal.
The exchange is battling a host of regulatory issues in addition to declining market share.
In March this year, Wormhole distributed a large number of W tokens to users, protocol communities, and specific NFTs, sparking widespread discussion. Recently, Wormhole launched a staking plan, causing the previously stagnant token price to surge and then plummet. What is the reason behind this?
AlexLayer 2 solution zkSync announced its airdrop criteria and launched an airdrop query website today, sparking widespread discussion in the community. The airdrop allocation amounts to 17.5% of the total supply, with a single address able to receive up to 100,000 ZK tokens.
MiyukiAs BTCFi continues to develop, the cross-chain yield protocol Solv Protocol is rapidly emerging. Besides securing investment from Binance, its TVL has increased by 40% in the past month, now ranking as the 27th largest protocol. Solv Protocol allows users to stake Bitcoin to obtain liquidity yield tokens SolvBTC and earn project points. What other interactive methods are included in the Solv ecosystem?
WeiliangThe Artificial Superintelligence Alliance has postponed its token merger, while Apple's entry into generative AI received a lukewarm investor response. AI crypto tokens, which saw gains earlier this year, have dropped by 7.8% in the last 24 hours. Will AI tokens continue to bleed red?
CatherineTap-to-earn games on Telegram, like Notcoin and Hamster Kombat, offer a gateway to crypto for mainstream users, with millions already engaged. While Notcoin faces uncertainty due to its lack of a whitepaper, Hamster Kombat's rapid growth and innovative features position it as a formidable contender for long-term success in the crypto gaming space.
JoyChinese leader has replied to Turing Award winner Professor Yao Qizhi, with insiders stating that he is preparing an AI and blockchain venture capital fund.
AlexChairman of the Financial Supervisory Commission (FSC), Huang Tien-mu, attended a special session at the Legislative Yuan today and for the first time clearly disclosed the timeline for the formulation of a special law for virtual assets. He stated that the FSC will gradually regulate virtual assets in four phases, ultimately moving towards the establishment of a special law for virtual asset management. The draft of this law is expected to be completed by the end of December this year and submitted to the Executive Yuan by June next year.
MiyukiBitcoin mining company Bitfarms announced on June 10 that its board of directors has approved a Shareholder Rights Plan to fend off a hostile takeover by its competitor Riot Platforms.
WeiliangSources indicate that Biden's campaign team is in discussions to accept cryptocurrency donations through Coinbase Commerce.
AlexRipple announced yesterday (12th) the upcoming launch of the XRPL EVM Sidechain, using Axelar as the sole bridge for the sidechain. Additionally, they introduced a new stablecoin, RLUSD.
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