ChainCatcher news, Wintermute Asia recently announced that it will establish a new headquarters in Singapore, doubling its workforce in the Asia-Pacific region. The digital asset derivatives trading division of Wintermute Group stated that it is "actively recruiting top talent that is crucial for expanding the business." (Blockworks)

ChainCatcher news, according to the official announcement, the decentralized workforce benefits platform Craftt has completed a $2 million seed round of financing, led by Superscrypt, with participation from DCG and several well-known angel investors. Craftt aims to provide universal benefits for the modern workforce, helping independent workers gain financial confidence and achieve work freedom and flexibility.Craftt Pass is now in open testing. Recently, Craftt completed integration with World’s digital human identity verification system World ID, allowing its over 7 million users to log in to Craftt Pass using World ID.Craftt plans to continue developing Layer-2 infrastructure, expand ecosystem collaborations, and further enhance users' benefits and income opportunities.

ChainCatcher news, cryptocurrency concept stock Beyond Inc. will lay off about 20%, with layoffs expected to be primarily implemented in the fourth quarter. The company's Chief Product Officer (CPO) Robinson was dismissed without cause, effective October 22, 2024.

ChainCatcher news, digital asset trading software provider Talos Trading Inc. is preparing to double its workforce in the Asia-Pacific region over the next 12 months.The New York-based cryptocurrency unicorn, backed by A16z, has identified Asia as its primary market, benefiting from its strong cryptocurrency foundation and regulatory clarity in jurisdictions such as Hong Kong, Singapore, and Japan.The Asia region currently contributes the majority of Talos's revenue. It is reported that Talos completed a $40 million Series A funding round in 2021, led by a16z, with participation from PayPal Ventures and Fidelity Investments.

ChainCatcher news, Radix decentralized finance (DeFi) platform developer RDX Works has laid off 15% of its workforce to reduce costs. The company's CEO Piers Ridyard confirmed in a statement made on August 29 in the company's official Telegram group that the layoffs are part of a "refocus" and a "more comprehensive transformation" that needs to take place.Piers Ridyard stated, "One of those is cost-cutting. As part of the cost-cutting measures, we at RDX Works have made the difficult decision to reduce our total workforce by approximately 15%, and this decision has been completed today."It is reported that the Radix network officially launched its mainnet in July 2023, providing development tools to build and run decentralized applications (DApps) and financial services on the blockchain.

ChainCatcher news, Tether CEO Paolo Ardoino stated in an interview with Bloomberg that he plans to double the workforce in the next year to strengthen capabilities in areas such as compliance, expecting the number of employees to reach around 200 by mid-2025.

ChainCatcher news, Forbes cites sources reporting that BlackRock plans to announce layoffs of about 3% of its global workforce, approximately 600 employees, in the coming days.According to insiders, the plan has not been made public yet and is referred to internally as a routine operation.

ChainCatcher news, Kyber Network CEO Victor Tran stated on social media that KyberSwap has faced significant challenges due to the Elastic exploit over the past month, but its core business, including the aggregator and limit order features, remains robust. Tran announced the upcoming launch of the Zap API, an innovative development that will make it the most convenient gateway for dApps, wallets, and other projects to access DeFi liquidity protocols.To support users affected by the Elastic vulnerability, Kyber Network has implemented a vulnerability financial aid program to compensate users for up to 100% of their losses. Additionally, significant adjustments have been made to business operations, including the temporary suspension of the liquidity protocol program and the KyberAI project. Kyber Network has also laid off 50% of its staff and is creating a voluntary database to connect laid-off employees with potential opportunities in the Web3 space.

ChainCatcher news, cryptocurrency trading platform Blockchain.com announced plans to increase its workforce by 25% in the first quarter and seeks to enter new markets such as Nigeria and Turkey.The company has also hired Curtis Ting, former head of global operations at Kraken, to help establish a new hub in Paris and create local entities across Europe to comply with new regulatory requirements. Currently, Blockchain.com’s European operations are managed through a single entity located in London.Blockchain.com CEO Peter Smith stated in an interview that the company will also seek more local licenses. The company currently has about 300 employees and plans to enter the Nigerian and Turkish markets next year.

ChainCatcher news, according to CoinDesk, due to the impact of the bear market and taxes, Indian cryptocurrency exchange CoinDCX announced a 12% layoff (71 people). The company currently has about 590 employees.It is reported that India has imposed a 30% tax on cryptocurrency profits since February 1, 2022, and a more controversial 1% Tax Deducted at Source (TDS) on all transactions.

ChainCatcher news, according to an official announcement, the cryptocurrency exchange platform Gemini has announced its expansion in the Asia-Pacific region and plans to increase its workforce in Singapore to over 100 people in the coming year.In addition, Gemini's expansion in the Asia-Pacific region will also include an engineering hub in India. Gemini stated that the Asia-Pacific region will be a significant driver of cryptocurrency and Gemini's next wave of growth, with its Singapore office serving as a hub for the larger Asia-Pacific business. (source link)

ChainCatcher news, according to CoinDesk, OKX's Middle East branch has obtained an MVP preparatory license from the Dubai Virtual Assets Regulatory Authority (VARA). Once the minimum viable product (MVP) license is fully operational, OKX Middle East will offer spot, derivatives, and fiat services, including deposits, withdrawals, and spot trading in US dollars and United Arab Emirates dirhams (AED).OKX Middle East plans to expand its workforce to 30 employees, focusing on local hiring and senior management. (Source link)

ChainCatcher news, according to The Information citing informed sources, cryptocurrency tax software company TaxBit has laid off 80 employees, nearly 40% of its total workforce. Last year, TaxBit laid off about 15%.ChainCatcher previously reported that, according to Forbes, TaxBit's CEO Austin Woodword has stepped down and will serve as chairman of the board, while COO Lindsey Argalas has been appointed as the new CEO.According to cryptocurrency data platform RootData, TaxBit is a leading tax and accounting solution for the tokenized economy. TaxBit enables widespread adoption of digital assets by overcoming regulatory barriers through large-scale automation of tax and accounting compliance. TaxBit's platform serves top exchanges, institutional investors, governments, and individuals in the industry. In August 2021, TaxBit announced the completion of a $130 million Series B funding round, with a valuation exceeding $1.3 billion. (source link)

ChainCatcher news, blockchain data platform Nansen announced a 30% layoff. Its CEO Alex Svanevik stated in a tweet that the decision to reduce the Nansen team size was difficult. He pointed out that Nansen expanded too quickly, leading to its extension into areas that do not belong to its core strategy, resulting in excessive costs. Additionally, due to the current bear market, the past year in the crypto market has been brutal, and its top priority is to establish a sustainable business. (source link)

According to ChainCatcher news, the Financial Times reports that Meta plans to cut more than 10% of its UK workforce and abandon its Instagram hub in London. An internal document sent to employees on Wednesday shows that at least 687 positions will be eliminated, primarily in London, while more employees among the approximately 5,000 staff in the UK face the risk of layoffs.The most affected team is Instagram in London, where 250 jobs will be cut, and the remaining employees will have the opportunity to relocate to New York. Layoffs will also impact about 55 positions in WhatsApp and Facebook, as well as nearly 60 positions in Reality Labs and the artificial intelligence team. (source link)

ChainCatcher news, according to Jin10, Musk stated that Twitter's workforce is about 20% of its original size. According to Jin10, Musk stated that Twitter's workforce is about 20% of its original size. (Source link)

ChainCatcher news, according to Techinasia, the crypto payment platform XanPool has reduced its staff to below 40 and closed its offices in Singapore and Malaysia. It is reported that XanPool has completed 4 rounds of financing, with a total funding amount of 72.3 million USD, with participation from Target Global, CMT Digital, HashKey Capital, and others. (Source link)

ChainCatcher news, according to Bloomberg, U.S. digital asset bank Anchorage Digital has laid off 20% of its staff, or 75 people, citing uncertainty in cryptocurrency regulation. Anchorage Digital stated, "The demand for better cryptocurrency infrastructure is becoming increasingly clear, and for us, this means a resolute focus on our identity as a clearly qualified custodian among other secure and regulated ways for institutional participation in the digital asset ecosystem." (source link)