News Explorer — Hardware Wallet Firm Ledger Confirms Layoffs

Generated by AI, curated by humans

Oct 5, 6:14 pm

www.bloomberg.com

Hardware Wallet Firm Ledger Confirms Layoffs

Ledger, a leading maker of hardware wallets for crypto investors, is laying off 12% of its workforce due to macroeconomic headwinds and the need to conserve resources. The crypto industry has been hit by climbing interest rates, regulatory pressure, and a downturn in trading volumes and funding. Other companies in the industry, such as Chainalysis and R3, have also been forced to reduce their workforce.

Ledger, a leading maker of hardware wallets for crypto investors, is laying off 12% of its workforce due to macroeconomic headwinds and the need to conserve resources. The crypto industry has been hit by climbing interest rates, regulatory pressure, and a downturn in trading volumes and funding. Other companies in the industry, such as Chainalysis and R3, have also been forced to reduce their workforce.

Latest

Jul 20, 10:34 pm

x.com

White House Agrees Clarity Act Ethics Package: Report

The White House has finalized an ethics package for the Clarity Act and shared it with specific Senate Republicans, acco... Read Summary

Jul 21, 9:34 am

Unchained Crypto

Former NY Governor Andrew Cuomo Joins OKX Board

Former New York governor Andrew Cuomo has joined OKX's board of directors, promoting 24/7 tokenized stock trading on Fox... Read Summary

Jul 21, 9:05 am

Decrypt

UK Lawmakers Launch Parliamentary Inquiry Into Crypto Banking Challenges

A parliamentary inquiry has been launched by UK lawmakers to investigate banking challenges faced by the country's crypt... Read Summary

Jul 20, 2:08 pm

Coindesk

Exodus to Slash Workforce By 25% in Stablecoin Payments Push

Exodus plans to reduce its global workforce by 25% to focus on stablecoin payments and card infrastructure, aiming to lo... Read Summary

Jul 20, 1:47 pm

Decrypt

Allbridge Pauses Protocol After $1.65M Flash Loan Attack

Allbridge has halted its protocol after an attacker siphoned $1.65 million from its Solana liquidity pools in a flash lo... Read Summary

Jul 20, 1:01 pm

Coindesk

Bitmine Scales Back ETH Purchases to $14M, Buys Back $86M in Stock

Bitmine, the largest Ethereum treasury firm, purchased 7,430 ETH last week, worth $14 million, as it redirected capital... Read Summary

Jul 20, 12:39 pm

www.strategy.com

Strategy Extends Bitcoin Buying Pause, Boosts Cash Reserve to $3.2B

Bitcoin treasury firm Strategy extended its pause on BTC buys for a further week while increasing its USD reserve by $22... Read Summary

Jul 20, 11:12 am

Decrypt

Strategy Chair Saylor Calls Bitcoin's BIP-110 'Bad Idea' in 110-Point Essay

Strategy chair Michael Saylor has published a 110-point essay opposes the BIP-110 soft fork, arguing it would harm Bitco... Read Summary

Jul 20, 10:04 am

Coindesk

Hyperliquid's HIP-4 Upgrade to Enable Permissionless Deployment of Prediction Market Contracts

Hyperliquid's HIP-4 upgrade introduces "outcome trading" to the decentralized exchange, allowing permissionless deployme... Read Summary

Jul 17, 1:46 pm

Decrypt

UK Trio Sentenced for Posing As Police Officers in $5.3M Crypto Fraud Scheme

Three men in the UK were sentenced for a £4 million cryptocurrency fraud, posing as police officers to scam victims. The... Read Summary

Jul 17, 10:12 am

Decrypt

Citadel Securities Invests $400M in Crypto.com at $20B Valuation

Citadel Securities has made a $400 million investment in Crypto.com at a $20 billion valuation, marking the exchange's f... Read Summary

Jul 16, 1:49 pm

Coindesk

Ledger Agent Stack Lets AI Agents Interact With Crypto Wallets

Ledger has introduced Ledger Agent Stack, an open-source toolkit enabling AI agents to interact with crypto wallets secu... Read Summary

Jul 16, 10:54 am

Decrypt

One Arrested Over Video Game Malware That Stole $200K in Crypto

A Florida man, Zyaire Dontaevious Zamarion Wilkins, was arrested for his alleged involvement in a scheme that infected t... Read Summary

Jul 16, 10:12 am

Coindesk

Tether Invests $20M in Argentine Neobank Ualá

Tether invested $20 million in Argentine neobank Ualá, part of a $197 million funding round. Ualá offers financial servi... Read Summary

Jul 16, 8:34 am

Decrypt

SBF Faces Unanimous Senate Resolution to Deny Clemency Over FTX Collapse

The U.S. Senate unanimously passed a resolution stating that Sam Bankman-Fried should not receive clemency over the coll... Read Summary