DCG appoints Mark Murphy as president and lays off 10% of staff

ChainCatcher news, according to Bloomberg, a spokesperson for Digital Currency Group (DCG) stated that DCG has undergone a series of internal restructuring to position itself for the next phase of development, including streamlining departments and promoting leadership teams. DCG has promoted Mark Murphy from Chief Operating Officer to President, appointed Jenn Goodson as Chief Administrative Officer, Simon Koster as Chief Strategy Officer, Matt Kummell as Senior Vice President of Operations, and Amanda Cowie to oversee communications, marketing, and events. Additionally, this restructuring has resulted in a 10% reduction in staff, with 66 employees leaving. (Bloomberg)