Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.
The unicorn company 2TM parent company of Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. Marketplace, joins other exchanges that have laid off workers in less than a month.
- 80 to 90 employees were laid off by 2TM in Brazil.
- Bitso, Buenbit and Gemini had already reduced their staff.
- The company said it was due to the “changing global financial landscape.”
The global economic crisis, which affects companies in all sectors, has also given a hard blow to cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. companies, specifically to the exchanges, which, looking for measures to remain operational, have decided a very drastic one: to lay off part of its staff.
American exchanges have been announcing the measure in the past, such as Gemini and two important Latin Americans: Bitso (Mexican) and Buenbit (Argentine). Now it’s the turn of Brazil’s largest exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. by market valuation.
2TM, el holding of the Brazilian exchange Bitcoin Marketplace, fired more than 80 employees on Wednesday of this week. Some media even say that the number of dismissals is higher and reaches 90.
“The changing global financial landscape, rising interest rates and inflation a general increase in prices and fall in the purchasing value of money. have had a major impact on technology-based companies.” 2TM said in a statement, without mentioning an exact number of dismissals, although it published a list with 86 profiles of those dismissed along with their contacts, but they may not be the only ones on the list.
The company also said in a statement that “ the scenario required adjustments that went beyond reducing operating expenses, and it was also necessary to lay off some of our employees. The process we carried out was guided by transparency and respect, in order to honor the legacy of each employee who helped us get this far.
According to 2TM, the laid-off workers received a package of benefits for “support them personally and professionally” citing job placement assistance and extension of the health plan term, among other benefits.
According to their LinkedIn , Bitcoin Market an area or arena, online or offline, in which commercial dealings are conducted. has more than 580 employees, while 2TM has more than 80. Other media claim that the total number of employees exceeds 750.
As we said, the announcement of 2TM comes a week after the Bitso, the exchange born in Mexico and which is the main competitor of Bitcoin Marketplace in Brazil, dismissed 80 employees, citing reasons of “long-term business strategy “. This is just over 10% of its staff.
Also last week, Buenbit the cryptocurrency exchange based in Argentina. but also operates in Mexico and Peru, laid off 45% of its staff (approximately 80 employees) due to the “global overhaul” of the technology industry, the company said.
But it’s not just in Latin America, the powerful exchange Gemini also laid off 10% of its staff in response to the crypto-winter. The notice, published yesterday, June 2, on the firm’s blog, argues about the need to cut costs amid the “turbulent market conditions that are likely to persist for some time.”
2TM se convirtió en el segundo unicornio cripto en América Latina, después de Bitso after collecting a total of USD $250 million in 2021 to spread a price difference between asking and selling prices of the asset. across Latin America, and achieve a valuation of USD $ 2.2 billion.
In addition, it managed to reach another continent: in January, it acquired a majority stake in CryptoLoja, Portugal’s first regulated regulation is when something is controlled by a specific set of rules. cryptoexchange while also planning to enter the Spanish-speaking part of Latin America.
Also, in March, Bitcoin Marketplace was in talks to be acquired by cryptocurrency exchange Coinbase is an American company that operates a cryptocurrency exchange platform. Global. but the negotiations failed.
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