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MoonPay builds out celeb concierge service with Meta hire

MoonPay is building out its celebrity non-fungible token (NFT) concierge service following a quiet rollout last year, according to two announcements from new hires joining the team. Former associate director at Standard Chartered Bank, Charlotte Laborde joined MoonPay in February as strategy lead to the COO. On Tuesday she updated her job title on LinkedIn to concierge manager. Justin Johnson, who held a role as creator partnerships lead for North America at Meta, has also announced joining the team. The …

Grayscale hires Obama’s former Supreme Court lawyer for legal push against SEC

Grayscale, a leading crypto asset manager, has retained a heavy hitter from the Obama-era Department of Justice. The new legal counsel, Donald B. Verrilli Jr., was the solicitor general under President Obama. The role is a Department of Justice appointment that represents the US government in cases before the Supreme Court. Verrilli is currently a partner at Munger, Tolles & Olson.  Jennifer Rosenthal, Grayscale’s VP of communications announced the hire in a June 7 Twitter thread, noting the firm’s “unwavering …

Coinbase launches hub for rescinded hires to connect with future employers

Coinbase has created a directory of rescinded hires to connect them with other opportunities in the wake of revoking their offers. The hub already has over 300 submissions. The Coinbase Talent Hub, which allows rescinded hires to add themselves for visibility to other recruiters, currently lists 323 candidates at publication time. The directory includes the name, discipline, work authorization, visa status and contact information of individuals affected by the hiring changes. It also includes a job board with over 93 …

Paradigm poaches Brex’s top lawyer as its chief legal officer

Crypto investment firm Paradigm has hired crypto and fintech legal veteran Katie Biber as its chief legal officer. Biber, who was tapped by Paradigm from credit card startup Brex, previously served as general counsel to the 2012 presidential campaign of Mitt Romney, who now serves as the junior US senator of Utah. Biber wrote in a blog post: “Over the next few years, I look forward to working with the exciting, cacophonous web3 community to tell our story and definitively …

Coinbase pumped the brakes on hiring as Wall Street’s love affair cooled

“I just got an email today saying my offer had been rescinded … due to a massive hiring plan change at Coinbase.” That’s Ashutosh Ukey, who is among the tech industry workers who saw their hopes to work at one of the biggest digital asset exchanges dashed after Coinbase rescinded outstanding offers as part of an effort to scale back hiring. On May 16, Coinbase said that it would slow hiring in response to an ongoing market slowdown. Then, last …

Brazilian crypto company 2TM cuts more than 80 employees

Brazil’s 2TM, a holding company for Mercado Bitcoin, the country’s biggest crypto exchange by market valuation, dismissed more than 80 employees this week. The news was first reported on June 1 by Bloomberg. Some 12 percent of employees were impacted. “The changing global financial landscape, rising interest rates and inflation have been having a major impact on technology-based companies,” 2TM said in a statement, CoinDesk reported. According to their LinkedIn pages, Mercado Bitcoin has more than 580 employees, while 2TM …

Coinbase extends hiring freeze, will rescind some accepted offers

Coinbase is rescinding some accepted job offers and extending an existing pause on hiring new candidates as part of an effort to adjust to the macro environment and general volatility in crypto, according to a blog post published Thursday evening.  It’s unclear how many offers will be rescinded, but limited exceptions will apply, the company said. Coinbase also didn’t specify how long the hiring pause will be. “The extended hiring pause will include backfills, except for roles that are necessary …

55 key crypto hires, exits and moves: May 2022

Quick Take Some large crypto companies are slowing down their hiring plans in light of market conditions. Despite this, many crypto firms are still hiring, with a big focus on regulatory and compliance hires, plus marketing. This feature story is available to subscribers of The Block News Plus. You can continue reading this News Plus feature on The Block.

Crypto exchange Bitso lays off 80 employees, CoinDesk reports

Latin American crypto exchange Bitso laid off 80 members of staff on Thursday, CoinDesk reported.  Bitso had more than 700 employees before the layoffs and still lists more than 60 open jobs on its website, according to the report, which cited a statement from Bitso. The Gibraltar-registered exchange has more than 4 million users in Latin America, across Mexico, Brazil and Argentina. It officially launched its trading app in Colombia just last week.  The company closed a Series C fundraising …

Klarna to lay off approximately 10% of its workforce

Buy now, pay later  (BNPL) firm Klarna will let go of 10% of its workforce globally as the company suffers amid a worsening economic outlook, according to a statement issued by the company. Klarna’s LinkedIn page says the company currently employs 7,000 people globally meaning that roughly 700 employees will be affected. “When we set our business plans for 2022 in the autumn of last year, it was a very different world than the one we are in today,” said …