Cuts
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Markets
Argo Blockchain cuts 2022 debt by half, down to $75M
The mining company, which has been one of a number of firms to struggle amid negative market conditions and a…
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Markets
OpenAI says GPT-4 AI cuts content moderation time down from months to hours
OpenAI, the developer behind ChatGPT, is advocating the use of artificial intelligence (AI) utilization in content moderation, asserting its potential to…
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Markets
Japan Blockchain Association demands tax cuts for crypto
Advocates of the crypto industry in Japan demand the revision of the national tax regime for digital assets. Japan Blockchain…
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Markets
KuCoin denies mass layoffs, says cuts are part of ‘normal’ operations
Cryptocurrency exchange KuCoin has shut down rumors suggesting it was preparing to lay off 30% of its workforce — a…
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Markets
Binance cuts back on employee benefits, citing ‘decline in profit’: Report
Global cryptocurrency exchange Binance reportedly cut back on certain benefits to its employees in June amid reevaluation efforts at the…
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Markets
Dapper Labs makes 3rd round of cuts in 9 months amid NFT slump
Nonfungible token collection and technology firm Dapper Labs has announced its third round of staff layoffs in less than a…
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Markets
Algorand (ALGO) cuts network block time in key upgrade
Algorand’s latest protocol upgrade has cut block time from 3.8 seconds to 3.3 seconds. It is the PoS network’s largest…
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Markets
Donald Trump Urges Republicans to Let US Default on Debt if Democrats Don’t Agree to Spending Cuts – Economics Bitcoin News
Former U.S. President Donald Trump has urged Republican lawmakers to let the U.S. default on its debt obligations if the…
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Markets
Saudi Arabia and OPEC Reveal Surprise Oil Production Cut; White House Insists Cuts Aren’t Advisable Right Now – Economics Bitcoin News
On Sunday, Saudi Arabia and several major oil producers announced their plan to cut oil production by 1.15 million barrels…
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Markets
World’s Largest Asset Manager Blackrock Predicts No Fed Rate Cuts This Year – Economics Bitcoin News
The world’s largest asset manager, Blackrock, does not see the Federal Reserve cutting interest rates this year. “That’s the old…
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