yobit.net вход yobit.net вход
Circle Fires 30 Employees due to Regularity and Market Conditions

Circle Fires 30 Employees due to Regularity and Market Conditions

Circle, the parent company of Poloniex exchange has fired around 30 people which equates to around 10% of its overall staff.

Circle Fires 10% of its employees:

Circle, the owner of one of the top cryptocurrency exchange Poloniex, the firm behind SeedInvest and the stablecoin USDC has reportedly fired around 10% of its employees which equates to around 30 people in order to cut its overall operational cost. The same was reported by Jeremy Allaire of Coinbase to Coindesk.

According to Jeremy, they made the current changes to their staff in accordance with the market conditions which includes the latest restrictive regulations in the United States. He even mentioned that even after the step taking by the company, they still remain strong and will keep on moving ahead with their innovation and growth. They intended to work with such legislations that are ahead in terms of regulation of businesses related to cryptocurrency.

Jeremy posted a blog on 20th May stating that due to the current regulations, Circle has been forced to put restrictions on its users in the United States.

Joyce Lang

View Comments

Published by
Joyce Lang

Recent Posts

JPMorgan: Bitcoin Markets Now Have a Greater Influence from Institutional Investors

JPMorgan Chase, the largest bank in the US in a recent report outlined that the Bitcoin markets have changed since…

1 hour ago

Coincheck Hack: Associated with Russian Hacker Group

New findings into Coincheck, a Japan-based cryptocurrency exchange that was hacked in January 2018 reveals that employees’ computers were infected…

1 hour ago

The Bitmain Lawsuit: Seeking $4 Million from Ex-employees

Bitmain, one of the largest cryptocurrency mining companies in the world is suing three of its ex-employees for launching a…

2 hours ago

Facebook Libra Association: All you need to know

The cryptocurrency industry space has seen growth and massive innovations in recent times. The recent trend in the industry has…

7 hours ago

Ripple Price Analysis, 17th June: XRP trading with a Bullish Momentum

XRPUSD Dominant Trend: Bullish Resistance Levels: $0.46, $0.48, $0.50 Support Levels: $0.38, $0.36, $0.34   Ripple Price Analysis At the…

13 hours ago

Ethereum Price Analysis, 17th June: ETH Following Bitcoin

ETH/USD Dominant Trend: Bullish Resistance Levels: $290, $300, $310 Support Levels: $230, $220, $210   Ethereum Price Analysis Ethereum price…

13 hours ago

This website uses cookies.