According to Calcalist, Israeli digital asset infrastructure provider Fireblocks plans to cut about 7% of its workforce, or 60 to 70 employees, including dozens based in Israel. The company said affected employees will receive enhanced severance and transition support. Visa is considering an acquisition that would value Fireblocks at approximately $2.5 billion, down from its $8 billion valuation in 2022. Fireblocks denied reports of a deal, stating a possible transaction is "not true at present time."

View Source

Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.