Dapper Labs Lays off 20% of Its Workforce

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Today’s Cryptocurrency Headline

Less than four months after parting ways with more than 20% of its employees, Dapper Labs decided to let another 20% of full-time staff go. In an email to investors on Wednesday, Dapper Labs’ CEO Roham Gharegozlou announced a “corporate structure. ” ” and layoffs. “As part of this structure, we have made the difficult decision to part ways with team members representing 20%​of full-time employees,” he wrote. Last November, Dapper Labs laid off 22% of its staff. However, many employees had already been let go, and several senior managers had left, months before the layoffs were officially announced.

BingX’s Bitcoin Chart

Source: TradingView & BingX

Bitcoin is down 2.06% over the last 24 hours and fell to an intraday low of $23,608.00. Bitcoin failed at decisively overcoming $25,000 once again on Tuesday, and the subsequent rejection brought it back down to just below $24,000, suggesting the bears have defended the level successfully. The rising moving averages and the RSI above 60 indicate that bulls are in control. The bulls will attempt to push the price above $25,000. If the price sustains above $25,000, the BTC /USDT pair could rise to $28,000.

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