Coinbase, BlockFi See Largest Layoffs In The Crypto Sector, Study Shows
Coinbase, BlockFi, and other major companies in the crypto sector have been negatively impacted by the persistent downtrend across the digital and legacy financial markets. The companies have been forced to cut down on their staff to stay afloat and continue with their operation. Related Reading: Crypto Firm Genesis Trading And Head Of Sales Steps […]
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Prominent crypto exchange Coinbase has launched a crypto lending service targeted at institutional investors in the United States. According to a Tuesday report by Bloomberg, the largest American exchange seeks to fill the void created by the collapse of crypto lending firms such as BlockFi, Genesis Global, Celsius, etc. Related Reading: BlockFi Seeks Permission To […]
The crypto markets are going through a rough phase. Bitcoin has crashed more than 70% in 8 months. Amidst the crash, several companies are laying off their employees, desperately trying to save cash. However, not all companies are facing the hammer of fate. Bit.com, the second-largest crypto options exchange, seeks to double its workforce amidst layoffs. But why? Let’s explore. The Crypto Recession Crypto winter is frequently used in the cryptocurrency, DeFi and blockchain industry to denote the current recession that has hit the industry after it made phenomenal gains in 2021. The global....
The latest survey from BlockFi shows that women are more interested in cryptocurrencies than ever, with one-third planning on buying digital assets this year. Furthermore, 60% of these women say they will be doing so within the next few months. The current survey depicts double women’s interest compared to the exact nature of the study […]
Bankrupt crypto lending platform BlockFi recently announced that repayments for customers who didn’t complete the withdrawal process through the platform will begin this month. Following the web platform’s shutdown in May, the interim crypto distributions will also be made through its partnership with crypto exchange Coinbase. Related Reading: Chinese Businessman Guo Wengui Convicted For $1 […]
A leaked investor call from Tuesday discloses that Morgan Creek Digital is attempting to collect $250 million from investors to acquire a controlling interest in crypto lender BlockFi. Through participation in BlockFi’s D series fundraise, the cryptocurrency investment firm is one of the company’s largest investors. Recently, the New Jersey-based cryptocurrency lender BlockFi announced that […]