Hundreds of people have lost their jobs at companies owned by crypto venture capital firm Digital Currency Group (DCG), as the longer crypto winter boosted by the FTX collapse continues to affect the sector. Amidst the recent layoffs, London-based cryptocurrency exchange Luno announced on Jan. 25 a reduction of 35% in its workforce, letting go nearly 330 professionals as a result of turbulence in the tech and crypto industries, which affected the firm's overall growth and revenue members. Luno was part of DCG's portfolio alongside HQ Digital, an asset management subsidiary incubated by DCG since 2020 that managed $3.5 billion …

As Bitcoin (BTC) adoption continues to sow seeds around the world, more and more people are choosing to accept the original cryptocurrency as payment for their goods and services. For individuals, that means accepting BTC as their salary. A Florida-based Bitcoin advocate called SVN (not his real name) took his entire salary in BTC for the past year. Cointelegraph reached out to him to understand why he did it and if there are certain advantages to earning the world’s most recognizable cryptocurrency. SVN explained that when the bank froze one of his accounts, he turned “to Bitcoin as a solution …

Ultimate Fighting Championship fighter Matheus Nicolau is the latest world-famous athlete to opt to receive his fight earnings in the largest cryptocurrency, Bitcoin (BTC). The eighth-ranked UFC flyweight fighter, Nicolau received his first salary in Bitcoin on Monday through a deal assisted by Bitwage payroll service, according to a joint announcement shared with Cointelegraph. The Brazilian sportsman has opted to take a paycheck in BTC to hedge against the rising inflation. Nicolau said that earning Bitcoin will help him secure the value of his hard work and not to worry about his money going to waste, adding: “I make my …

2021 was a breakout year for the cryptocurrency sector and this year is expected to see an extension of the “mass adoption” trend. Public awareness of blockchain technology is on the rise and a new cohort of projects designed to fill more niche roles in society are likely to emerge in the coming months. Three sectors that have the potential to see significant growth in 2022 are human resources (HR), employee payment solutions and platforms that serve the gig economy by offering corporate blockchain solutions. HR might pivot toward blockchain Human resource management is ripe for blockchain integration due to …

The AFR’s list contains 87 of Australia’s richest entrepreneurs aged 40 and under, with each boasting a net worth greater than AUD 36 million ($26.9 million). The list is topped by Melanie Perkins and Cliff Obrecht, the co-founder and chief operating officer (COO) of popular graphic design software providers Canva. The married couple has an estimated net worth of AUD 16.5 ($12.3) billion between them. Seven crypto luminaires have debuted on the Australian Financial Review’s (AFR) “Young Rich” list of 2021, including the minds behind some of the leading protocols in the decentralized finance (DeFi) and nonfungible token (NFT) sectors. …