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Coinbase cuts 20% more of workforce amid crypto market downturn
Cryptocurrency exchange Coinbase is laying off a further 20% of its staff, or 950 employees, in the company’s latest round of layoffs, and reducing its operating expenses by 25%. Brian Armstrong, Coinbase’s co-founder and chief executive, said today that the decision came during the 2022 crypto market downtrend “along with the broader macroeconomy” and “[w]e ...
John Deere to allow US farmers to fix their own equipment
Tractor and farming equipment maker Deere & Co. signed an agreement Sunday with the agricultural lobbying group American Farm Bureau Federation that will allow farmers to repair their own equipment or take it to third-party repair shops, a move hailed as a positive move for the “right-to-repair.” The agreement, reported earlier by the Wall Street ...
Nonfungible token marketplace SuperRare lays off 30% of staff
SuperRare Labs, the firm behind the nonfungible token marketplace SuperRare, has become the latest casualty of falling NFT markets when Chief Executive John Crain announced Friday the marketplace would cut about 30% of its staff. Crain tweeted a message he sent to employees on the company’s Slack stating that the company “grew in tandem with ...
Crypto exchange Huobi to lay off 20% of staff amid ‘crypto winter’
Cryptocurrency exchange Huobi Global today confirmed its intent to lay off 20% of its employees amid the current “bear market,” according to a statement given to Reuters, following an ongoing trend across the crypto industry of layoffs amid market volatility. “The planned layoff ratio is about 20%,” a Huobi spokesperson said in a statement. “With the ...
Amazon unveils Ring in-car camera and new partners for Sidewalk
Amazon.com Inc. unveiled the Ring Car Cam today at the CES consumer electronics show almost two years after announcing it, bringing vehicular dash cams into the company’s lineup of Ring video camera products. The Ring Car Cam is the first dashboard camera built by Ring, which is best known for its doorbell cameras. The cameras ...
DevOps platform CircleCI warns users about security breach
Circle Internet Services Inc., the provider of the software development and deployment platform, warned its users on Wednesday that it experienced a security breach over the holidays and urged them to rotate their secrets. CircleCI is a continuous integration and delivery platform that is used by software developers, engineers, information technology teams and DevOps teams ...
Report: Crypto payments company Wyre to shut down
Crypto payments infrastructure firm Wyre Payments Inc. may be on the verge of shutdown, according to Axios, which reported today that Chief Executive Ioannis Giannaros told employees over the holiday the company plans to end services this month. The report cited two unnamed employees, who confirmed an email sent to some of the staff about ...
Coinbase settles $100M with New York regulators over anti-money-laundering compliance
Cryptocurrency exchange Coinbase Global Inc. reached a $100 million settlement with regulators in the New York Department of Financial Services today regarding failures in compliance with anti-money-laundering rules. The settlement was split into two portions. The first part was a $50 million fine after an NYDFS investigation uncovered that Coinbase had “failed to maintain an ...
Report: Apple’s mixed reality headset will get auto-adjusting lenses and more
Apple Inc.’s much-anticipated mixed reality headset is getting a slew of interesting features, according to a report from The Information, which revealed a roundup of technical details about the upcoming device today. The headset has been subject to numerous reports for the past two years as it has been in continuous development and its expected launch ...
Nvidia unveils advances in autonomous robotics simulation using AI
As supply chains become more complex, the demand for intelligent and autonomous robots has only grown and the tools needed to address this need require artificial intelligence and advanced simulation. Nvidia Corp. today at CES 2023 announced major updates to Isaac Sim, its robotics simulation tool that allows designers and engineers to build and test virtual ...