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Meta to Slow Hiring in 2022, Hints at Layoffs After Metaverse Pivot – News Bitcoin News

Mark Zuckerberg, CEO of Meta, announced a change in the hiring policies of the company, lowering the number of engineers planned to be hired from 10K to 6-7K. Zuckerberg also hinted at Meta executing some layoffs. Zuckerberg has previously recognized the focus the company now has on the metaverse will make it lose money for the foreseeable future.See the Story
Bank of England

Bank of England: Crypto Needs Enhanced Regulatory and Law Enforcement Frameworks – Regulation Bitcoin News

Bank of England says extreme volatility in the crypto market underscores the need for enhanced regulatory and law enforcement frameworks. The British central bank has warned that crypto prices could fall further. The market cap of all cryptocurrencies currently stands at about $1 trillion. It was nearly $3 trillion at its peak in November last year.See the Story
Cryptocurrency

Demand for Hardware Crypto Wallets Increases Amid Currency Restrictions in Russia – Bitcoin News

Russians Buy More Hardware Crypto Wallets, Market Players say. Ledger and Tangem have been the most popular brands among Russian customers. Currency restrictions imposed by the Bank of Russia against the backdrop of Western financial sanctions have had an effect, the online marketplace noted. The surge in wallet sales can also be attributed to the outflow of IT specialists from the Russian Federation.See the Story

LBank Exchange Will List IX Token (IXT) on July 7, 2022 – Press release Bitcoin News

Nic Carter DESTROYS Bitcoin Maximalism WITH FACTS AND LOGIC. LBank Exchange Will List IX Token (IXT) on July 7, 2022. Toronto Stock Exchange Delists Voyager Digital Following Bankruptcy Filing. Nic Carter: "Sentient AI Does Not Equal Intelligent AI"See the Story

Israeli Crypto Company Etoro Lays Off 100 Workers, SPAC Deal Terminated, Company Eyes Private Raise – Bitcoin News

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, he has written more than 5,700 articles for Bitcoin.See the Story

Biggest Movers: SAND up by 12% on Wednesday, Hitting a 10-Day High – Market Updates Bitcoin News

Mark Zuckerberg, CEO of Meta, announced a change in the hiring policies of the company, lowering the number of engineers planned to be hired from 10K to 6-7K. Zuckerberg also hinted at Meta executing some layoffs. Zuckerberg has previously recognized the focus the company now has on the metaverse will make it lose money for the foreseeable future.See the Story
Bank of America

Bank of America's Active Crypto Users Drop More Than 50% in Bear Market – Featured Bitcoin News

Bank of America published a report last week showing a steep decline in the number of active cryptocurrency users from its peak in November last year. In addition, the bank said that outflows to crypto platforms have fallen sharply, indicating that consumers are pulling back on their net investment into crypto platforms.See the Story
Twitter

Cumberland Says Financially Burdened Crypto Firms Are 'Hanging Over the Market Like a Cloud' – Bitcoin News

OTC firm Cumberland says there's a growing number of crypto companies feeling financial burdens. Cumberland noted that while markets are quiet, things could get volatile again due to burdened crypto companies. The OTC firm's statement is similar to the commentary FTX CEO Sam Bankman-Fried made on June 19.See the Story

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