Dash Core Group to Lay Off 8% Staff Including Execs

Remaining employees of the Dash Core Group voluntarily refused wages and bonuses to support the existence of the organization
06 March 2019   559

The software developer of the privacy-oriented cryptocurrency network Dash, the Dash Core Group, was forced to make some difficult financial decisions. So, on March 7, the company fire 8% of the stuff, including the strategic director and director of business development. This is reported by The Block.

Note that the remaining employees of the Dash Core Group voluntarily refused wages and bonuses to support the existence of the organization.

According to CEO Ryan Taylor, cuts will affect only certain parts of the company in order to avoid complete collapse.

The organization’s leadership claims that more than six months ago, a moratorium was imposed on hiring new people, and the spending policy remains conservative.

It is worth adding that Dash is a fork of Litecoin, which appeared in 2014. The company did not conduct an ICO, and the only source of income is 10% of the mining, divided between the miners and masternodes. Thus, the bear market has quite significantly affected the stability of the organization.

Recall that in November 2018, the Dash Text service was launched in Venezuela, which allows you to send transactions via mobile phones using text messages. Then the event had a positive effect on the asset quotes.

Coinbase to Consider New Assets Listing

Algorand, Cosmos, Dash, Decred, Matic, Harmony, Ontology and Waves are being considered as possible candidates for including on the trading platform
06 August 2019   579

Coinbase, the largest US cryptocurrency company, is considering listing new digital assets on its platform.

Among the applicants for listing, tokens of the following projects are: Algorand, Cosmos, Dash, Decred, Matic, Harmony, Ontology and Waves.

So, Coinbase expects over time to provide users with access to 90% of the total cryptocurrency market capitalization.

However, company representatives emphasized that legal compliance issues in a number of jurisdictions could seriously affect plans to add these assets.

Tezos (XTZ) was the last in the listing of the site, after which its price immediately increased by almost 30%.

Recently Coinbase CEO Brian Armstrong said his company is committed to creating an open financial system and forcing “100 million people to start using cryptocurrencies.”