From Breakingviews - Data could help save crypto’s image
Chainalysis, a blockchain analytics firm that helps snuff out shenanigans in crypto, is laying off almost 5% of its roughly 900-person staff as part of a pivot to focus more on public-sector clients. Government entities including the U.S. Securities and Exchange Commission account for 60% of the firm’s revenue, and U.S. agencies currently have at leastwith Chainalysis. But a string of bankruptcies in the business has clients cutting back on spending – and some disappearing completely.
While Chainalysis, backed by GIC, says it plans to grow overall headcount in 2023, the cuts are the wrong sign for those who use its services. Berkshire Hathaway’s
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