Chinese Mining Giant Bitmain Is Closing Another Overseas Office

China-based cryptocurrency mining giant Bitmain has decided to close yet another overseas office – this time in Amsterdam – as part of its ongoing business adjustments. In a statement shared with CoinDesk, a Bitmain spokesperson said that, while the company has not yet shut down its Amsterdam operation, the decision has already been made and […]

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ShapeShift Lays Off 37 in Latest Round of Crypto Industry Cutbacks

Crypto exchange ShapeShift has announced a round of layoffs, citing a range of difficulties including a tough market climate. In a blog post published Tuesday, CEO Erik Voorhees wrote that the startup had laid off 37 employees, or a third of its staff. He described the process as “a deep and painful reduction, mirrored across […]

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