RATE Group | ConsenSys Cuts, DForce Faces Doom, ATMs Boom
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ConsenSys Cuts, DForce Faces Doom, ATMs Boom

20 Apr ConsenSys Cuts, DForce Faces Doom, ATMs Boom

Posted at 18:48h in Bitcoin News by

A weekend hack drained funds from a popular decentralized finance application, Ethereum incubator ConsenSys is laying off about 90 employees and bitcoin ATMs are seeing growth during the coronavirus contagion event.

In a breaking story, ConsenSys has confirmed to CoinDesk that due to coronavirus-led market turmoil, the firm will cut approximately 14 percent of its headcount. The move follows a round of layoffs announced in February, and leaves the firm with just over 550 employees. “All key operational aspects of the business are preserved to ensure the development and service of key products and solutions,” the company said in its statement. Here’s the story:

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