Blockfolio to Lay Off 10% of Personnel

The decision was made despite a successful round of funding for Series A at fall 2018, in which startup raised $ 11.5M
14 January 2019   357

The company Blockfolio announced plans to cut staff by 10% due to the difficult market situation, reports Chepicap.

The decision was made despite a successful round of funding for Series A last fall, in which startup raised $ 11.5 million from BitMEX, Huobi and other companies. Now the total number of employees of the company will be 37 people.

In addition, the company indefinitely postponed plans to launch an incubator for startups.

Earlier, similar solutions were made by ShapeShift, Bitmain and ConsenSys.

South Koreans to Invest in Crypto Actively

In addition to the investment amounts, the share of those interested in investing in digital assets also increased
22 April 2019   80

The average amount of investments in cryptocurrency from South Korean invesetprs is $ 6,100, which is 64% more than last year, Cointelegraph reports.

According to a survey conducted by the Korean Fund for the Protection of Portfolio Investors, in addition to the investment amounts, the percentage of those interested in investing in digital assets also increased. Thus, 7.4% of the 2500 respondents have already acquired cryptocurrency (last year there were 6.4% of those). It is noteworthy that this figure has increased, despite several major break-ins of the South Korean crypto exchange, as well as tougher regulation of the industry.

Analysts connect the market with a recent bitcoin price jump and hope for a new bull rally.

Recall recently it became known that 94% of trust capital funds invest in cryptocurrency.