Bitmain Freezes Employee Salaries Amidst Financial Turmoil
Bitmain has taken the step of suspending employee salaries, both performance-based and basic wages, in response to ongoing financial difficulties and setbacks in its mining operations.

Bitmain has taken the step of suspending employee salaries, both performance-based and basic wages, in response to ongoing financial difficulties and setbacks in its mining operations.
Gensler regards AI as the most transformative technology of this generation, offering both challenges and opportunities for markets and regulators.
Binance argued in February, and again earlier this month, that SEC Chairman Gary Gensler should recuse himself from the SEC lawsuit against the exchange. It claimed that his previous interactions with the exchange’s CEO Changpeng Zhao justify his recusal.
Securities and Exchange Commission Chair Gary Gensler suggested Wednesday that tokens using staking protocols could be considered securities under U.S. law. Gensler suggested that the returns token holders see from staking indicate that those tokens are securities and would need to be registered as such under U.S. law.
The crypto market’s steady growth since the start of 2023 was checked by pronounced losses this week.
SushiSwap is on a quest to boost transparency after running a $30 million loss over the past 12 months.
As a new Congress prepares to work on uncertain crypto legislation next year, the SEC chairman says his agency needs nothing apart from more money and more reach overseas.
Bitcoin wages are becoming more common globally, particularly among “borderless” remote workers and in certain regions like Latin America.
Cryptocurrency wallet firm Exodus has been paying all its staff fully in Bitcoin since launching its software wallet in 2015, CEO JP Richardson said.
At least seven professional NFL athletes are now turning to cryptocurrencies to help improve their bottom line and ensure they are well-off after their careers.