Read bear market crypto news and analysis, including downturn signals, investor sentiment, capitulation events, and recovery outlooks.
Coinbase's CEO Brian Armstrong said that the layoffs will provide the company with operational efficiency to weather the bear market. Coinbase's shares were up almost 3% premarket after the announcement.
Osprey's management team is down to 4 executives. The firm laid off employees after a failed attempt to launch a hedge fund.
Huobi Korea chairman Jo Guk-Bong will buy the majority stakes from Huobi global founder Leon Lin.
Around $12 billion in various crypto assets has been withdrawn from Binance since November. To Forbes, the massive outflow looks like a soft bank run. To the rest of the market, it just might be business as usual.
According to MCB, the industry's recent developments and changes in banks' regulatory environment were reasons for leaving the crypto asset vertical.
Bullishness returns as Bitcoin recaptures $17,000, but doubts remain on whether this is the start of a bull market.
Gala jumps to $0.03691 — a nine-week high as the company announces new developments including incorporating mobile gaming.
Wyre announced that Yanni Giannaros has stepped down as CEO and the firm is exploring strategic options to survive the bear market.
Poolin’s recent declines can be linked to its announcement of having liquidity problems, last September.
