Crypto Winter
Crypto Brokerage Genesis Global Capital May Be Nearing Bankruptcy Filing: Reports
The collapse of FTX in late 2022 may have been the final straw for Genesis, which earlier that year reportedly suffered losses of several hundred million dollars due to its exposure to failed crypto hedge fund Three Arrows Capital.
Coinbase Confirms It's Halting Operations in Japan
Customers have until Feb. 16 to withdraw their fiat and crypto holdings from the exchange.
Global Blockchain Business Council CEO: Crypto Company Blow-Ups Not Fatal for Industry Overall
Global Blockchain Business Council CEO Sandra Ro discusses how crypto companies are navigating the deep crypto winter. "Let's face it, everyone's gotten a black eye from what's happened," she said, "but it's not a fatal blow."
Crypto.com to Cut Jobs as CEO Says FTX 'Damaged Trust' in the Industry
Crypto.com said it is cutting its workforce by around 20% as the crypto industry continues to reel from the effects of the ongoing crypto winter. "The Hash" panel discusses the series of layoff announcements in the crypto industry.
Crypto.com to Cut 20% of Workforce Amid Crypto Winter
Crypto.com said it is cutting its workforce by around 20% as the crypto industry continues to reel from the effects of the ongoing crypto winter. "First Mover" hosts discuss the series of job cut announcements from companies, including Genesis, Coinbase, Blockchain.com and ConsenSys.
Coinbase to Cut Around 20% of Workforce as Crypto Winter Lingers
Crypto exchange Coinbase (COIN) said it is planning to reduce its headcount by around 950 employees as part of a restructuring that it expects to be complete by the end of the second quarter. "First Mover" hosts weigh in on the latest string of layoffs amid crypto winter.
Coinbase Cuts Around 20% of Workforce as Crypto Winter Rages
The exchange expects the restructuring to cost $149 million to $163 million.
Silvergate Shares Plunge Amid $8B in Withdrawals, Job Cuts
Shares of crypto bank Silvergate Capital (SI) plunged after announcing it has cut 40% of its staff, or about 200 employees. This comes after the bank was forced to sell assets at a steep loss to cover some $8.1 billion in withdrawals. "The Hash" panel discusses the latest fallout of crypto winter.
Crypto Layoffs: Here's the Grim Count Since April
As a bear market sweeps the industry, CoinDesk is keeping a running list of industry players that have cut jobs.
Bernstein: Returns From Buying Crypto During Downturns Have Been Spectacular
The industry has a strong track record of fighting back, a report from the brokerage firm said.
