Job cuts in crypto led by volatility, lack of funding – Straits Times

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Asia Blockchain Association [ABA] was invited by Singapore Press Holdings Limited‘s The Straits Times (ST) to share our view and opinion on the recent job cuts in crypto led by volatility and lack of funding. ABA told ST that the current correction, though severe, is a timely wake up call for the industry to revert to its fundamentals : “When businesses realise that #crypto and #blockchain can indeed unlock value for both substantive businesses and those who are left by the wayside by traditional platforms, that’s when we will see a fundamental shift in perception and value,” The association added that it is optimistic that the current bear market will give the industry time to reflect, improve infrastructure, as well as provide more upskilling opportunities for talent in Asia.