Sources, including Chinese reporter Colin Wu who operates blockchain-focused Twitter account WuBlockchain, claimed that Binance has begun a series of job cuts. The independent journalist suggested that the world’s largest crypto exchange, which currently employs roughly 8,000 individuals, might have reduced its workforce by approximately 20%. A Binance representative told the crypto media that the firm is merely prioritizing talent density throughout the organization to maintain its agility and adaptability as they are gearing up for the next bull cycle. He confirmed that the move is not a matter of downsizing, but ... (full story)