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Cryptopolitan 2022-06-17 09:28:29

20% of the BlockFi employees are laid off as bitcoin tumbles

BlockFi, a cryptocurrency lender that offers instant loans to purchase digital currencies, is laying off about 20% of its employees as the firm tries to navigate through a tough cryptocurrency market and growing worries about an economic downturn. A “dramatic shift has hit BlockFi in macroeconomic conditions,” which have had a “depressing influence,” according to...

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