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Polkadot Developer Parity Technologies Reportedly Cuts Over 300 Staff This Week
cryptocurrency

Polkadot Developer Parity Technologies Reportedly Cuts Over 300 Staff This Week

Parity Technologies lays off over 300 employees amidst a strategic shift towards community-driven operations. The move comes as Polkadot faces ecosystem challenges, including a large upcoming supply event and a seeming lack of demand in parachain auctions. Community members have expressed mixed reactions, and concerns are rising on Polkadot's ability to maintain its market valuation in the medium term.

Zodia Custody and Parity Technologies Forge Strategic Partnership for Polkadot Ecosystem
cryptocurrency

Zodia Custody and Parity Technologies Forge Strategic Partnership for Polkadot Ecosystem

Zodia Custody has partnered with Parity Technologies to enhance institutional access to the Polkadot ecosystem, a pioneering blockspace network. The partnership will provide custody services, staking DOT, and bridging the gap between traditional finance and digital assets. Zodia Custody will also support the ecosystem's sustained evolution through research and development, promoting global initiatives associated with Parity and Polkadot.

Gavin Wood Steps Down as CEO of Parity Tech While Retaining the Chief Architect Position
cryptocurrency

Gavin Wood Steps Down as CEO of Parity Tech While Retaining the Chief Architect Position

Gavin Wood has announced he would be stepping down as the CEO of Parity Technologies

Ethereum Network Planned Hard Fork Delayed Due to Late Acceptance of EIPS
cryptocurrency

Ethereum Network Planned Hard Fork Delayed Due to Late Acceptance of EIPS

The blockchain infrastructure company running the core of the Ethereum network has delayed the planned hard fork launch until September 6th. 

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