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DYdX adds to crypto’s bloody week after Consensys layoffs DLNews 30 Oct 2024

DYdX adds to crypto’s bloody week after Consensys layoffs 💼

dYdX Bitcoin Consensys

The cryptocurrency industry faced a challenging week with significant layoffs announced by both DYdX and Consensys. These developments coincided with Bitcoin's price approaching its previous all-time high, highlighting a stark contrast between market optimism and internal struggles within major companies.

Consensys, a prominent player in the blockchain technology space, made headlines with its job cuts, illustrating the broader industry trend of restructuring amid financial pressures. DYdX followed suit with similar actions, further underscoring the current difficulties faced by cryptocurrency platforms in maintaining operational efficiency while navigating the challenging market environment.

Source: www.dlnews.com ↗

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