Crypto Winter
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Crypto Bull Run Spikes Number of Web3-Focussed Funds as Startups Swarm for Funding, Guidance
Startups looking to establish their names in the crypto sector are taking this bull phase seriously and are swarming towards accelerator programmes. While accelerator and investment programmes provide Web3 startups with funding, mentorship, and industry guidance – these venture firms get the opportunity to have promising upcoming firms under thei...
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Coinbase Reports Quarterly Loss of $557 Million as Crypto Winter Continues in Wake of FTX Collapse
Coinbase reported a fourth-quarter loss on Tuesday, as trading volume at the cryptocurrency exchange plunged to $145 billion (roughly Rs. 12 lakh crore), compared with $547 billion (roughly Rs. 45 lakh crore) a year earlier.
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US’ Largest Crypto ATM Installer Coin Cloud Files for Bankruptcy: Details
Coin Cloud, the crypto ATM installer that had claimed to be US’ largest player in the arena last year, has filed for bankruptcy. Genesis Global Trading is Coin Cloud’s largest creditor to which it owes over $100 million (roughly Rs. 825 crore) over an uncollaterised loan.
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Investor Sentiment Down on Crypto, 72 Percent E-Traders Scared of Investments in 2023: JP Morgan Survey
JP Morgan surveyed 835 traders from sixty international locations to find that most institutional crypto traders and investors are fearful of experimenting with these volatile digital assets. Liquidity crunches, recession-related risks, along with the influence of inflation on the future of trading are reasons why hefty investors are thinking twice...
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Cryptocurrency Firm Genesis’s Lending Unit Files for Bankruptcy as Crypto Sector Crisis Deepens
Genesis has filed for bankruptcy in the Southern District of New York. The company has liabilities and assets, both in an undisclosed range between $1 billion (roughly Rs. 8,120 crore) to $10 billion (roughly Rs. 81,200 crore). As part of its next line of action, Genesis aims to raise capital by launching a marketing and sale process to monetise i...
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Coinbase Crypto Exchange to Halt Operations in Japan, Review Business in Country Amid Ongoing Crypto Winter
Coinbase crypto exchange has decided to quit its operations in Japan citing the ongoing rough market situation. The exchange says it will no longer allow fiat deposits in Japan starting January 20.
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Genesis, Huobi Resort to Staff Layoffs as Market Pressure Continues to Intensify: Reports
Genesis and Huobi are facing severe impacts of the low-laying crypto market. To keep their respective businesses afloat during these rough market times, Genesis has slashed 30 percent of its workforce. Meanwhile, Huobi is reportedly planning to lay off those staff members who have refused to take their salaries in its HT native token.
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Bitcoin, Ether Rally as Overall Crypto Market Rises by 3 Percent Amid Ongoing Crypto Winter
The overall crypto market swelled by three percent in the last 24 hours. BTC and ETH, along with most altcoins like Cardano, Polygon, Dogecoin, and Shiba Inu, opened with gains. Cosmos and Elrond, among a handful of other altcoins, settle with losses, but only minor.
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ByBit Crypto Exchange to Cut Staff by 30 Percent as Market Slump Sees No End
ByBit crypto exchange has decided on laying-off 30 percent of its workforce amid the ongoing crypto winter. The development was confirmed by ByBit CEO Ben Zhou on Twitter. ByBit, the Singapore-based company ranks eight out of 241 exchanges in terms of trading volume on CoinMarketCap and this is its second round of lay-offs this year.
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BTC, ETH Prices Fall, Overall Crypto Market Valuation Drops by 1.4 Percent Amid Crypto Winter
The overall valuation of the crypto market dropped by 1.40 percent in the last 24 hours. Along with BTC and ETH, Cardano, Polygon, and Polkadot got struck with losses. Chainlink and Monero, meanwhile, emerged among the profit-making altcoins today.
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Kraken Crypto Exchange to Cut Global Workforce by 30 Percent Amid Crypto Winter
Kraken crypto exchange said it will lay off 1,110 employees, or 30 percent of its global workforce on Wednesday. The crypto exchange has cited difficult market conditions as the reason for reducing the number of its employees. Kraken follows crypto exchange Coinbase Global, which slashed jobs in its recruiting and institutional onboarding teams in ...
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Coinbase Trims Workforce Again Days After Reporting 28 Percent Decline in Q3 Revenue
Over sixty more employees working in Coinbase have been laid off by the company amid the ongoing crypto downturn. The development comes just days after Coinbase’s transaction revenue slipped down by 44 percent in the third quarter of 2022.
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Regulators Propose First Global Rules Before 'Crypto Winter' Thaw
Cryptoasset companies should set aside capital like banks when undertaking similar activities, regulators proposed.
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WazirX Lays Off 40 Percent Workforce to Deal With Crypto Winter
Indian exchange WazirX laid off 40 percent of its total workforce, the company said in a statement. The company said the laid-off was done to weather the bearish week for the crypto market. It said its priority was to be financially stable and to continue serving our customers. A week ago, the enforcement directorate (ED) had frozen the bank accoun...
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Crypto Exchange WazirX Lays Off 40% Staff Amid Crypto Winter
Indian exchange WazirX laid off 40 per cent of its total workforce, the company said in a statement. The company said the laid-off was done to weather the bearish week for the crypto market. It said its priority was to be financially stable and to continue serving our customers.
-
Crypto Bull Run Spikes Number of Web3-Focussed Funds as Startups Swarm for Funding, Guidance
Startups looking to establish their names in the crypto sector are taking this bull phase seriously and are swarming towards accelerator programmes. While accelerator and investment programmes provide Web3 startups with funding, mentorship, and industry guidance – these venture firms get the opportunity to have promising upcoming firms under thei...
-
Coinbase Reports Quarterly Loss of $557 Million as Crypto Winter Continues in Wake of FTX Collapse
Coinbase reported a fourth-quarter loss on Tuesday, as trading volume at the cryptocurrency exchange plunged to $145 billion (roughly Rs. 12 lakh crore), compared with $547 billion (roughly Rs. 45 lakh crore) a year earlier.
-
US’ Largest Crypto ATM Installer Coin Cloud Files for Bankruptcy: Details
Coin Cloud, the crypto ATM installer that had claimed to be US’ largest player in the arena last year, has filed for bankruptcy. Genesis Global Trading is Coin Cloud’s largest creditor to which it owes over $100 million (roughly Rs. 825 crore) over an uncollaterised loan.
-
Investor Sentiment Down on Crypto, 72 Percent E-Traders Scared of Investments in 2023: JP Morgan Survey
JP Morgan surveyed 835 traders from sixty international locations to find that most institutional crypto traders and investors are fearful of experimenting with these volatile digital assets. Liquidity crunches, recession-related risks, along with the influence of inflation on the future of trading are reasons why hefty investors are thinking twice...
-
Cryptocurrency Firm Genesis’s Lending Unit Files for Bankruptcy as Crypto Sector Crisis Deepens
Genesis has filed for bankruptcy in the Southern District of New York. The company has liabilities and assets, both in an undisclosed range between $1 billion (roughly Rs. 8,120 crore) to $10 billion (roughly Rs. 81,200 crore). As part of its next line of action, Genesis aims to raise capital by launching a marketing and sale process to monetise i...
-
Coinbase Crypto Exchange to Halt Operations in Japan, Review Business in Country Amid Ongoing Crypto Winter
Coinbase crypto exchange has decided to quit its operations in Japan citing the ongoing rough market situation. The exchange says it will no longer allow fiat deposits in Japan starting January 20.
-
Genesis, Huobi Resort to Staff Layoffs as Market Pressure Continues to Intensify: Reports
Genesis and Huobi are facing severe impacts of the low-laying crypto market. To keep their respective businesses afloat during these rough market times, Genesis has slashed 30 percent of its workforce. Meanwhile, Huobi is reportedly planning to lay off those staff members who have refused to take their salaries in its HT native token.
-
Bitcoin, Ether Rally as Overall Crypto Market Rises by 3 Percent Amid Ongoing Crypto Winter
The overall crypto market swelled by three percent in the last 24 hours. BTC and ETH, along with most altcoins like Cardano, Polygon, Dogecoin, and Shiba Inu, opened with gains. Cosmos and Elrond, among a handful of other altcoins, settle with losses, but only minor.
-
ByBit Crypto Exchange to Cut Staff by 30 Percent as Market Slump Sees No End
ByBit crypto exchange has decided on laying-off 30 percent of its workforce amid the ongoing crypto winter. The development was confirmed by ByBit CEO Ben Zhou on Twitter. ByBit, the Singapore-based company ranks eight out of 241 exchanges in terms of trading volume on CoinMarketCap and this is its second round of lay-offs this year.
-
BTC, ETH Prices Fall, Overall Crypto Market Valuation Drops by 1.4 Percent Amid Crypto Winter
The overall valuation of the crypto market dropped by 1.40 percent in the last 24 hours. Along with BTC and ETH, Cardano, Polygon, and Polkadot got struck with losses. Chainlink and Monero, meanwhile, emerged among the profit-making altcoins today.
-
Kraken Crypto Exchange to Cut Global Workforce by 30 Percent Amid Crypto Winter
Kraken crypto exchange said it will lay off 1,110 employees, or 30 percent of its global workforce on Wednesday. The crypto exchange has cited difficult market conditions as the reason for reducing the number of its employees. Kraken follows crypto exchange Coinbase Global, which slashed jobs in its recruiting and institutional onboarding teams in ...
-
Coinbase Trims Workforce Again Days After Reporting 28 Percent Decline in Q3 Revenue
Over sixty more employees working in Coinbase have been laid off by the company amid the ongoing crypto downturn. The development comes just days after Coinbase’s transaction revenue slipped down by 44 percent in the third quarter of 2022.
-
Regulators Propose First Global Rules Before 'Crypto Winter' Thaw
Cryptoasset companies should set aside capital like banks when undertaking similar activities, regulators proposed.
-
WazirX Lays Off 40 Percent Workforce to Deal With Crypto Winter
Indian exchange WazirX laid off 40 percent of its total workforce, the company said in a statement. The company said the laid-off was done to weather the bearish week for the crypto market. It said its priority was to be financially stable and to continue serving our customers. A week ago, the enforcement directorate (ED) had frozen the bank accoun...
-
Crypto Exchange WazirX Lays Off 40% Staff Amid Crypto Winter
Indian exchange WazirX laid off 40 per cent of its total workforce, the company said in a statement. The company said the laid-off was done to weather the bearish week for the crypto market. It said its priority was to be financially stable and to continue serving our customers.
