Kraken, the prominent cryptocurrency exchange, has reportedly laid off ‘hundreds’ of employees as part of a strategic effort to streamline operations in anticipation of its upcoming IPO. This move highlights the challenges facing the crypto sector amidst market volatility.
Tether, a leading stablecoin issuer, has announced plans to double down on its artificial intelligence (AI) initiatives. The company seeks to hire AI-conversant individuals to augment its team and drive innovation. Tether’s AI ambitions encompass enhancing its risk management capabilities, exploring new blockchain applications, and improving customer service experiences. This move is a testament to Tether’s commitment to leveraging cutting-edge technologies to strengthen its position in the evolving digital asset ecosystem.
Global blockchain technology platform OKX is making a major expansion into the Indian market. The company is looking to leverage the country’s digital capabilities by hiring local employees to explore new opportunities in Web3.
Circle, a financial services company, announced today the reduction of its workforce and the end of certain activities deemed “non-core” to its business. The decision comes amid a larger global hiring initiative.