Crypto Market Crash Pauses Commercial Deals With Sports Firms

Crypto Market Crash Pauses Commercial Deals With Sports Firms

The current downtrend of the crypto market has negatively affected financial institutions, particularly those dealing with digital currencies. Currently, some firms are beginning to feel the heat…

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Why the Failure of Multiple Crypto Firms is Concerning

Celsius was first to announce that it will pause withdrawals and transfers. Two more firms have halted withdrawals. This demonstrates how interconnected cryptocurrency businesses are. Celsius Network,…

FINRA may hire employees terminated from crypto firms: Report

FINRA may hire employees terminated from crypto firms: Report

The United States Financial Industry Regulatory Authority, or FINRA, reportedly plans to “bulk up” its capability to monitor crypto — a move which could include scooping up…

Coinbase Reduces the Size of the Firm's Workforce by 18%

Coinbase Reduces the Size of the Firm’s Workforce by 18% – Bitcoin News

Amid the crypto market carnage, the digital currency exchange Coinbase revealed it has decided to lay off 18% of its workforce. The announcement follows the company’s original…

Coinbase Joins Long List of Crypto Firms that are Sacking Workers

Coinbase Joins Long List of Crypto Firms that are Sacking Workers

Brian Armstrong said the company has lost 18% of its personnel. Former employees will be compensated. Several cryptocurrency firms are laying off their employees. Since Friday, cryptocurrency…

Celsius Insolvency Rumors Swirl After Company Pauses Withdrawals, Nexo Offers to Buy Firm's Assets – Bitcoin News

Celsius Insolvency Rumors Swirl After Company Pauses Withdrawals, Nexo Offers to Buy Firm’s Assets – Bitcoin News

On Monday, June 13, 2022, the crypto economy dropped below the $1 trillion region, as a great majority of crypto assets have lost between 10% to 25%…

Some crypto firms cut jobs while others aim for sustainable growth

Some crypto firms cut jobs while others aim for sustainable growth

To put things into perspective, since November 2021, the total market capitalization of the digital asset industry has plummeted from it’s all-time high of $3 trillion to…

Wealth Management Firms In Asia are Cautious To Promote Digital Assets

Wealth Management Firms In Asia are Cautious To Promote Digital Assets

Asian investors are interested in digital assets, but wealth management firms are hesitant to support them. A survey in the report shows that over half of Asian…

FTX will not freeze hiring amid layoffs at other crypto firms, CEO states

FTX will not freeze hiring amid layoffs at other crypto firms, CEO states

Amid unfavorable market conditions, some cryptocurrency-related firms decided to cut their workforce or freeze hiring. However, crypto exchange platform FTX will continue hiring new personnel as the…

Uganda Central Bank Says It Is Open to Crypto Firms Participating in Regulatory Sandbox

Uganda Central Bank Says It Is Open to Crypto Firms Participating in Regulatory Sandbox

The Bank of Uganda (BOU) has hinted that it is open to the idea of crypto firms participating in the regulatory sandbox. The central bank’s position follows…