Chainalysis dismisses another 15% of its workforce due to challenging market conditions.
Chainalysis trims workforce by 15% in response to the crypto bear market, reducing expenses amid market challenges.

Chainalysis trims workforce by 15% in response to the crypto bear market, reducing expenses amid market challenges.
The decrease in crypto scams could be attributed to the maturation of cybersecurity services in decentralized finance.
While many believe the crypto bear market season is the time to build, scammers have always viewed it as otherwise.
Layoffs continue in the crypto sphere despite increasing BTC prices as Bittrex and Chainalysis lays off 83 and 44 employees, respectively.
Cryptocurrency adoption slowed considerably since the onset of the bear market this year but still remains above levels seen before 2021.
A study published by Chainalysis shows that while decentralized autonomous organizations (DAOs) have emerged as the future of decentralized corporate governance, they have some operational flaws.
Caroline Malcolm, head of international policy at Chainalysis, explained that this means bringing crypto assets into a regulatory regime similar to that of UK financial products.
Transaction app Robinhood will use Chainalysis’ compliance monitoring solution, Know-Your-Transaction, as well as its investigative software, Chainalysis Reactor.
“Cash is still king when it comes to illicit financing, and that’s unlikely to change,” said Chainalysis researcher Kim Grauer.
The cryptocurrency industry is responding to calls from best practice advocacy groups for a fair, stable and regulated market.