06 Jan Bitmain might lay off half its staff ahead of Bitcoin halving
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Welcome to Hard Fork’s wrap-up of the weekend’s top cryptocurrency and blockchain headlines you can’t afford to miss. It’s the first Moonday Mornings of the new year!
Let’s get to it.
1. Cryptocurrency mining firm Bitmain might lay off half its staff
The cryptocurrency mining hardware firm Bitmain might be letting go of half its workforce, according to Chinese outlet Wushuo Blockcahin and reported by Finance Magnates.
According to the report, the decision is being motivated by the upcoming Bitcoin halving which is expected to take place in May. The decision is to be finalized during Bitmain‘s annual meeting on January 17.
Whatever the reason might be, Bitmain employees will certainly be on tenterhooks for the next couple of weeks.
2. Law firm being sued for bad advice about cryptocurrency
International law firm Faegre Baker is being sued by former client and…
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