2 / 2 Relevant items tagged with #CryptoWinter
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ConsenSys founder 'bullish' on Ethereum following crypto winter performance
[Feb 8, 2023 7:30 AM] Ethereum co-founder and ConsenSys founder Joe Lubin says ETH’s relatively stable value through crypto winter is reason to be bullish about Ethereum’s future.
Filecoin Creator Protocol Labs Announces Layoffs Amid Crypto Winter and Economic Downturn
[Feb 5, 2023 1:30 AM] Protocol Labs CEO Juan Benet published a blog post on Friday announcing that 21% of the company’s staff will be laid off. Protocol Labs is the creator of the blockchain network Filecoin. Benet emphasized in the blog post that it has been an…
Protocol Labs, Chainalysis and Bittrex add to crypto layoff season
[Feb 3, 2023 8:45 PM] Crypto execs suggested that the "extremely challenging" times forced them to cut jobs in order to “weather this extended" crypto winter.
Massachusetts-Based Bankprov to End Loan Offerings Secured by Cryptocurrency Mining Rigs
[Jan 31, 2023 1:30 PM] The Amesbury, Massachusetts-based Bankprov, a subsidiary of Provident Bancorp, has announced that it will no longer provide loans secured by cryptocurrency mining rigs. In a filing with the U.S. Securities and Exchange Commission (EX-99.1)…
Matrixport Joins Growing List of Crypto and Blockchain Companies Letting Employees Go
Silvergate suspends dividends to preserve 'highly liquid balance sheet'
[Jan 27, 2023 10:48 PM] January has been a rough month for Silvergate, with the dividend halts coming just a few weeks after it announced a Q4 2022 loss of $1B and laid off 200 employees.
After Mocking the Price Model, Crypto Advocates Discuss Bitcoin’s Rainbow Chart Reintegration
[Jan 26, 2023 2:30 PM] On a few occasions last year, crypto advocates discussed how a number of price models, leveraged to help predict the future value of bitcoin, ended up failing. However, since bitcoin’s value has increased by 36% over the last month, the…
Switzerland Less Affected by Crypto Industry Crisis, Study Finds
[Jan 21, 2023 5:30 AM] While the global industry built around digital assets is losing funds and jobs are dropping off, Switzerland seems to be weathering the storm relatively well, one piece of research claims. In fact, more crypto companies settled in the country…
Hashkey Capital Raises $500 Million for Its Third Fund, Despite Crypto Market Downturn
Smart Contract Tokens, Defi Economy See Strong Growth, Market Capitalization Swells by $78 Billion in 30 Days
[Jan 17, 2023 2:30 PM] Smart contract tokens and the decentralized finance economy have been on a tear during the last month, gaining against the U.S. dollar. The market capitalization of the smart contract platform token economy has swelled by $78 billion over the last…
Decentralized Exchange Trading Volumes Remain Lackluster in the New Year, Uniswap Leads the Way with Daily Swaps
[Jan 14, 2023 3:30 PM] According to statistics, decentralized exchange (dex) monthly trading volumes have dropped significantly since Jan. 2022. After a brief spike in volume in Nov. 2022, dex trade volumes have been lackluster for the past 44 days. As of Jan. 14, 2023…
SuperRare cuts 30% of staff as growth slows during crypto winter
[Jan 6, 2023 8:45 PM] Despite only being a week into the new year, SuperRare adds to a number of firms announcing staff cuts such as Huobi and Genesis.
Report: Fanatics to Sell 60% of Candy Digital Stake Amid Struggling NFT Market
[Jan 5, 2023 5:30 PM] Fanatics, the retailer specializing in licensed sports merchandise, is divesting 60% of its stake in the non-fungible token (NFT) company Candy Digital, according to reports. The company is selling its Candy Digital stake to an investor group…
Prolonged Crypto Winter Pushes Kraken Exchange Out Of Japan
[Dec 28, 2022 11:00 AM] The crypto winter is a drawn-out one exacerbated by the collapse of large players such as Terra and the FTX crypto exchange. As crypto businesses continue to feel the effects of the current bear market, another major player, Kraken, has been…
Bitcoin Price Crystal Ball – What Happens To BTC After Christmas 2022?
[Dec 15, 2022 12:48 AM] Bitcoin and the broader crypto market rapidly reversed course in response to the U.S. Federal Reserve’s announcement of a 50-basis-point increase in interest rates, erasing any gains made before the disclosure. The Federal Reserve has been…
Amid Withdrawals, Binance CEO Warns of Bumpy Months Ahead
[Dec 14, 2022 5:00 PM] Binance founder Changpeng Zhao (CZ) has reportedly told staff to expect some difficult months as the leading cryptocurrency exchange is seeing customer withdrawals. The warning comes while the crypto industry is facing challenges after high-profile…
Crypto Crisis Pushes BTC Mining Difficulty To Bottom Spot, Any Possibility Of Reversal?
Just 8% of Americans have a positive view of crypto: CNBC survey
[Dec 7, 2022 8:10 PM] CNBC’s All-America Economic Survey was conducted towards the end of November, just a few weeks after the collapse of crypto exchange FTX.
Bitcoin Price Soars 5% In Last 7 Days – More Increase Coming This Week?
Crypto Winter No Longer Has Big Impact on Long-Term Industry Growth, EY Executive Says
Gold Bug Peter Schiff Insists This Is ‘Not a Crypto Winter,’ Economist Says It’s More Like ‘Crypto Extinction’
[Nov 15, 2022 9:30 AM] Since bitcoin started falling from its all-time high last year, the economist and gold bug, Peter Schiff, made sure everyone knows that he wholeheartedly believes the leading crypto asset will fall to zero. Now that FTX has collapsed, Schiff has…