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Mike Millard / The Block:

2TM, the parent company of Brazil’s largest crypto exchange Mercado Bitcoin, dismisses 80+ employees, or ~12% of its staff; 2TM was valued at $2.1B in July 2021  —  Brazil’s 2TM, a holding company for Mercado Bitcoin, the country’s biggest crypto exchange by market valuation, dismissed more than 80 employees this week.