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      Digital asset bank Anchorage Digital cuts 17% of staff

      PANews reported on October 3, citing The Information, that people familiar with the matter said Anchorage Digital, the first federally chartered digital asset bank in the United States, has cut 17% of its workforce. Anchorage was valued at $4.2 billion earlier this year and had about 400 employees globally as of February, with the layoffs affecting roughly 68 positions.

      In previous news, Anchorage Digital added an institutional investor channel for Frgmnt's stablecoin fUSD.


      Source: PANews
      .

      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud