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Protocol Labs Cuts Staff Despite Surging Funds: Crypto Firms Face Bearish Market

• Blockchain and Web3 firm Protocol Labs has let go of 89 people, which amounts to one fifth of its staff count. • The decision comes from current market conditions and the macroeconomic challenges in relation to Filecoin dynamics. • Executives from Protocol Labs say they are providing departing employees with pay, healthcare benefits, immigration […]

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Crypto Transaction Success Rates Vary by Location: Report

• A new report suggests that the success rate of digital currency transactions depends heavily on the user’s location. • The report observed that half (50%) of fiat digital currency transactions failed after completing the Know Your Customer (KYC) process. • Factors such as regional regulations, availability of crypto-friendly banks and financial institutions, and technological […]