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Posts published in “Business”

Consensys Sheds 20% of its Workforce

Reading Time: 2 minutes Consensys has announced layoffs affecting 20% of its global workforce The decision comes as Ethereum (ETH) prices have stagnated, challenging the company’s profitability Consensys will prioritize its core products, MetaMask and Linea, in a shift toward focused operations Consensys, the Ethereum-focused software firm...

Bitrue gets Virtual Asset Service Provider approval in Lithuania

Bitrue has received VASP approval in Lithuania to offer crypto exchange services. The company aims for EU expansion by pursuing the Markets in Crypto-Assets license. Lithuania plans regulatory changes to reduce the presence of crypto firms in the country. Crypto exchange Bitrue has announced its successful registration as a Virtual Asset Service Provider (VASP) in