Key Takeaways Digital Currency Group subsidiary Luno reduced its staff by 20% to build a leaner operational model. Retail trading drops drove Luno’s second major workforce reduction, following a 35% cut in January 2023. Luno will pivot into 3 core platform units and exit non-core markets prior to Sept. 1, 2026. Second Wave of Layoffs Cryptocurrency exchange Luno is cutting 20% of its global workforce and reorganizing its operations into three distinct units amid a downturn in retail trading and an increased shift toward automation, CEO James Lanigan announced July 28. The company, however, did not disclose the total number …
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Russia’s Federal Security Service (FSB) has formally charged Pavel Durov, founder of Telegram, with facilitating terrorist activity and placed him on an international wanted list, …
Is another leg down looming for BTC after the rejection at $67,000 last week? Bitcoin extended its positive run last week with a minor …