cryptonews: The first federally chartered crypto bank announced that it would lay off 20% of its staff. 🧐
The first federally chartered crypto platform announced that it would lay off 20% of its staff.
Tuesday's announcement comes on the heels of the collapse of three of the largest crypto banks in the U.S. Last week, Silvergate announced "orderly wind down of bank operations and a voluntary liquidation of the bank." Anchorage said that its "long-term vision" of "building an enduring financial institution for the digital economy … requires us to adjust to changing economic, marketplace, and regulatory conditions."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto Platform Anchorage Digital Laying Off 20% of Its Staff: BloombergAnchorage Digital is laying off roughly 20% of its staff, or 75 people, owing to the ongoing downturn in digital assets, according to Bloomberg. By NelWang
Read more »
Crypto bank Anchorage Digital cuts 20% of staff amid regulatory uncertainty, market volatilityThe announcement came just days after regulators took control of crypto friendly Signature Bank and Silicon Valley Bank.
Read more »
Crypto bank Anchorage Digital cuts 20% of staff citing regulatory uncertaintyCrypto bank Anchorage Digital has announced it will be cutting staff levels by 75 people, or 20%, citing regulatory uncertainty in the US, broad macroeconomic challenges, and crypto market volatility.
Read more »
The Banking Crisis Is Not Crypto’s FaultSilicon Valley Bank, Silvergate and Signature all failed as a result of poor risk management and a subsequent bank run, gckaloudis argues, not because of crypto. Opinion for 'The Node' newsletter.
Read more »
Explaining the Signature Bank Collapse and Crypto Impact | CoinMarketCapThe past weekend saw the second most valuable stablecoin, $USDC, depeg as a result of banks failure, including Silvergate and Silicon Valley Bank. CMC discusses how and why Signature Bank collapsed, and the impact on the crypto industry.👇
Read more »
Bitcoin retreats to $24,000, and NYDFS says Signature closure not tied to crypto: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Gilbert Verdian of Quant reacts to the closure of Signature and Silvergate and what it means for crypto businesses.
Read more »