Amidst the challenges posed by the crypto winter, Ethereum layer-2 developers such as OP Labs, Polygon, and Matter Labs are competing for contracts within the Celo blockchain's new network, where customer demand is limited, leading to layoffs at major firms.
. In this week’s issue of The Protocol, we highlight layoffs hitting key firms as well, and how blockchain projects are competing for new mandates – specifically big Ethereum layer-2 developers like OP Labs, Polygon and Matter Labs vying to provide the technology for the Celo blockchain’s new network; there’s only so many customers to go around.
In the chaos that followed the collapse of Sam Bankman-Fried’s FTX crypto exchange, a still-unknown party drained affiliated wallets of as much as $600 million. Until this past week, some $26 million of ether had sat in atagged “FTX Exploiter” by blockchain sleuths. But in the wee hours of Saturday, Sept.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form ofBradley Keoun is the managing editor of CoinDesk's Tech & Protocols team. He owns less than $1,000 each of several cryptocurrencies.
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