ConsenSys Cuts 13% of Its Staff as the Crypto Bear Market Continues
According to a recent report by CoinDesk, ConsenSys is refocusing its priorities to improve its business operations, which currently includes over 50 ‘spoke’ startups under incubation.
“Excited as we are about ConsenSys 2.0, our first step in this direction has been a difficult one: we are streamlining several parts of the business including ConsenSys Solutions, spokes, and hub services, leading to a 13% reduction of mesh members,” the company detailed in a statement on Thursday.
ETH is currently down 15.2% over the last 24 hours to $87.71, giving the altcoin a $9.09 billion market cap and an 8.88% weight in the AltDex 100 Index (ALT100), a benchmark index for the top-100 large-cap cryptocurrencies.
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