BitGo Slashes Workforce as CEO Bets on AI, Stablecoin and Settlement Growth
BitGo said the workforce reduction is a one-time action and that no additional layoffs are currently expected.
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Media and entertainment conglomerate Disney has agreed to pay millions of dollars to settle a class action lawsuit initiated by subscribers of three streaming platforms. According to the settlement administrator’s portal, Disney will pay $50 million to settle an antitrust lawsuit that was consolidated and filed in October of 2023. The class action lawsuit alleged […] The post Disney To Pay $50,000,000 Settlement After Being Accused of Driving Up Live Streaming Prices appeared first on The Daily Hodl.
Read full articleBitGo said the workforce reduction is a one-time action and that no additional layoffs are currently expected.
Crypto custodian BitGo is cutting approximately 15% of its workforce, CEO Mike Belshe announced Thursday, as the company refocuses on stablecoins, settlement, and AI infrastructure following a difficult post-IPO stretch.
BitGo reportedly reduced its workforce by about 15% as the digital asset custodian shifts focus toward stablecoins, settlement and AI infrastructure.
BitGo cut nearly 15% of staff as Mike Belshe shifts focus to security, trading, stablecoins, settlement and AI infrastructure after its IPO.
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A $7 million settlement state Attorney General Jeff Jackson reached with landlord LivCor keeps the company from using so-called algorithmic pricing to set rents or share data with other landlords.
Forty million UK iCloud users could be owed up to $100 (£77) each after a $3.9 billion (£3 billion) class action lawsuit against Apple was cleared for trial — and the company’s problems may be just getting started. For Apple, the worry is that this case could snowball to become yet another existential regulatory problem. The action was brought by consumer group Which?, which accused Apple of breaching UK competition law by giving its iCloud storage service preferential treatment and “trapping” customers with Apple devices into using iCloud. Trapping happy customers Apple achieves this by encouraging its customers to sign up to iCloud for storage of photos, videos and other data while also making it difficult for them to use alternative providers to backup key data. The company also squeezes extra dollars out of customers by providing a stingy 5GB of storage for free, while putting important data including messages and photos inside that allocation. Even Google provides 15GB of storag
The settlement highlights the importance of transparency in mergers, potentially influencing future corporate disclosures and investor trust. The post Hut 8 agrees to pay $2.35M to settle investor claims over USBTC merger appeared first on Crypto Briefing.