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Around 100 employees have been laid off by Polkadot blockchain developer Parity Technologies as a part of its recent restructuring efforts.

They're shifting their focus to developing technology for Polkadot, and this restructuring will gradually affect teams involved in go-to-market efforts over several months. Parity Technologies Shifts Focus with Workforce Restructuring Parity Technologies, the essential infrastructure provider for the Polkadot network, is set to undergo significant changes by reducing its workforce, affecting around 100 employees, which amounts to 30% of its staff.

Parity CEO Björn Wagner said that despite the need for layoffs, the company's financial health “remains robust.”

The scheduled unlocking of about 99 million DOT tokens on 24 October, worth nearly $427 million, kept traders on their toes.

Is Polkadot's 2023 slump a red flag or a hidden gem? Read on for a deep analysis.

Polkadot(DOT)-based charity project Teddy DAO wants to attract more traditional donors to its cause by promoting Web3 education. So far, the initiative has garnered about $14,000 in contributions to supporting charitable causes, including those centered on children's welfare, anti-human trafficking efforts, cancer research, and others.

In an announcement that has sent ripples through the blockchain community, Parity Technologies, a foundational pillar of the Polkadot ecosystem, has revealed a restructuring plan that involves laying off 30% of its workforce. This move is seen as a strategic effort to sharpen the focus on the core technologies that underpin the Polkadot platform.

Recent reports also suggest that a significant number of employees were laid off earlier this month, with sources indicating that approximately 300 people lost their jobs.

A large number of Polkadot short positions would face liquidation upon a drop to $4.03-$4.05- but with such strong bullish momentum, will we see such a retracement?

Top Analysts Predict More Gains in the Coming WeeksAmid Bitcoin's recent revisit to the $30k mark; the altcoin market is surging with bullish momentum. The fear that gripped most crypto traders has subsided significantly, thanks to the Uptober crypto narrative and increased demand from institutional investors.

Despite encountering difficulties, Polkadot stands out due to its impressive GitHub contributions and network activity, though revenue declines pose concerns.

In the world of cryptocurrency, Polkadot (DOT) has been making headlines as it grapples with a challenging downtrend. Recent price action on October 19 provided some intriguing insights into the market sentiment.

Polkadot, a blockchain platform renowned for its commitment to interoperability and scalability, finds itself at a critical juncture in late 2023. After experiencing a steady decline that has brought its price dangerously close to multi-year lows, the crypto community is buzzing with anticipation.

In a year marked by significant growth and innovation, Polkadot, the renowned blockchain platform, has unveiled its latest Treasury Report for the third quarter of 2023. As of October 18, the report reveals a remarkable surge in spending, demonstrating the platform's commitment to advancing its ecosystem.

Although the Crowdloans are aimed at network stability and efficiency, previous token unlocks have either proven to end in consolidation or a nosedive.

Despite the long-term bearish downtrend, the bullish rebound at the $3.6 support level could lead to a sustained recovery.

Polkadot's Treasury has been maintaining their focus on growth, the report may have revealed something concerning. Polkadot-related projects have reportedly been trimming their labor force.

Polkadot's Q3 2023 Treasury Report reveals a significant uptick in spending across research and development

Bitcoin price briefly pushed above the $30,000 level. Are altcoins poised to follow?

Selling pressure curtails bullish reversal and keeps DOT below the $4 psychological price level.

Sail through the crypto market with confidence as you wager on the best long-term cryptos to invest in at this time.

In an optimistic forecast, 21.co, a prominent digital asset management company, has projected that the market capitalization of tokenized real-world assets (RWAs) could reach a staggering $10 trillion by the end of this decade. Even in a more cautious scenario, 21.co anticipates that the market cap of tokenized RWAs will still surge to $3.5 trillion before 2030.

In recent months, the Polkadot (DOT) cryptocurrency market has found itself under the relentless pressure of sellers, leaving investors and enthusiasts concerned about its future price trajectory. An analysis of the token's price trends reveals that the threat of further losses looms large if this downward pressure persists.

Polkadot (DOT) has been grappling with a descending resistance trendline, experiencing a relentless decline since February. In the month of October, the digital asset suffered a 10% drop, plummeting from $4.3 to $3.6.