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ConsenSys slashes headcount 11% as chief economist reveals formula for adoption

ConsenSys, the parent company behind MetaMask, is letting go of 11% of its workforce, with CEO Joseph Lubin blaming “uncertain market conditions” brought on by recent collapses. In a blog post from ConsenSys CEO Joseph Lubin on Jan. 18, the blockchain firm CEO said “poorly behaved” centralized finance (CeFi) actors have cast a “broad pall on our ecosystem that we will all need to work through.” Lubin said the decision will impact 96 employees and is part of plans to focus its resources on its core businesses. Today we need to make the extremely difficult decision to streamline some of ConsenSys’ teams to adjust to challenging and uncertain market conditions.https://t.co/Svuk9yYj6J 1/10 — Joseph Lubin (@ethereumJoseph) January 18, 2023 Speaking to Cointelegraph a few days before the layoffs...

Doubts mount over Huobi’s future as harsh layoff rumors denied

Speculation on Twitter that crypto exchange Huobi has laid off staff and shuttered internal communications have prompted the community to advise users to withdraw funds, despite an adviser to the exchange denying the rumors. In a Jan. 5 tweet, Huobi adviser Justin Sun addressed rumors of purported insolvency, saying the business development of the exchange was “good” and the “security of users’ assets will always be fully protected.” Sun also seemingly brushed off speculation around disgruntled staff, saying Huobi will “fully respect the legal demands of local employees.” Earlier, on Jan. 3, crypto journalist Colin Wu reported that Sun changed Huobi employee salaries from being paid in fiat to being paid in either Tether (USDT) or USD Coin (USDC). Wu claimed the staff who disagreed with th...

Thomas Tuchel defends outburst following Champions League win

Thomas Tuchel says he “understands” criticism of Paris Saint-Germain but dismissed its credibility when coming from fans and journalists watching from a “sofa”. PSG were out of sorts in the Champions League on Tuesday, as last season’s beaten finalists scraped a narrow 1-0 win at RB Leipzig. The decisive goal, an 11th-minute Neymar penalty, was one of just three shots on target mustered by PSG over the course of the match. Tuchel said after the game that he would not apologise for winning in a somewhat ugly fashion, with Leipzig enjoying 63 per cent of possession and managing 15 shots in total. He put the underwhelming performance down to fatigue caused by the team’s packed schedule, though it was not their only unimpressive display in recent months. Before Tuesday, PSG had lost three of t...