El Salvador approves law to facilitate long-awaited bitcoin bonds
Cipher Mining increased its hash rate by about 40% month over month in December to 2.8 EH/s.“This rapid progress demonstrates the expertise of our amazing deployment and operations teams,” CEO Tyler Page said.
Coinbase to close bulk of Japan operations amid global layoffs Crypto exchange operator Coinbase will shutter the bulk of its Japan operations as it rethinks investments in global expansion, according to a Bloomberg report. The news comes after the company announced that it would cut 20% of staff yesterday, amounting to some 950 people. It cut 1,100 jobs in June of last year. Nana Murugesan, vice president for business development and international at Coinbase, told Bloomberg the firm had “decided to wind down the majority of our operations in Japan, which led to eliminating most of the roles in our Japan entity.”
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