The crypto.com is an online platform that allows you to buy, sell, and exchange digital currencies. It also offers payment processing services. Recently, there have been several issues with the crypto.com and the company has decided to lay off some of its employees. This article will discuss the recent layoffs and give an overview of the future of the crypto.com.
Kraken’s recent layoffs
Kraken’s recent layoffs are a result of the “crypto winter”. After the collapse of FTX earlier this month, it has slashed trading volumes and forced many crypto exchanges to cut their workforces. In response, Kraken has lowered its headcount by about 30%.
Kraken’s co-founder Jessie Powell has stepped down as CEO and has cited the downturn in the crypto market, as well as the unprofitability of the business, as a reason for cutting costs. The crypto exchange has also had to deal with fewer clients, which led to lower trading volume.
Kraken’s staffing has reverted to its level a year ago. The company is the third largest cryptocurrency exchange by daily trading volume. It has a 24-hour volume of over half a billion dollars.
Kraken’s current headcount has dropped to 2,567 from 3,667. In the last few years, it has expanded quickly.
Kraken has hired over 500 employees, but it recently announced plans to cut up to 1,100. This is the latest in a string of major tech industry layoffs. Cisco, Asana, Roku, and DoorDash have all announced massive cuts over the past few weeks.
The crypto exchange will now offer its departing workers 16 weeks of severance pay, as well as four months of healthcare coverage. Kraken will also continue to provide visa assistance and career networking tools for its staff. Eligible employees will also receive performance bonuses.
Investing in Cryptocurrency
Cryptocurrency refers to a decentralized form of money. This form of money is based on a technology called a “blockchain”. It is a digital ledger of all the transactions that occur within the network.
Cryptocurrency can be bought as an investment, but it can also be used to buy regular goods and services. Investing in cryptocurrencies requires a lot of research. The value of the currency can change rapidly. So before you buy into a particular coin, read up on its history and how it works.
There are many different cryptocurrencies in the market today. Some of the more popular ones include Bitcoin, Litecoin, Ethereum, and Zcash. Each of these is different from the next.
While some cryptocurrencies have gained a lot of attention, others are still largely unproven. Before you invest, be sure to do your homework and make sure the company you are dealing with is trustworthy.
A common investment scam involves a so-called “investment manager”. They will contact you and promise to grow your money. Their website will look real. However, they will ask you to transfer a large sum of money into their account. These accounts charge high fees and don’t allow withdrawals.
Another popular scam involves impersonators. These fraudsters will impersonate well-known companies, such as Amazon, FedEx, and Microsoft. If you see a pop-up alert from a company that you know to be fraudulent, ignore it.
Scammers will often make big promises, without providing details. To avoid this, read independent articles and review sites.