The crisis roiling the crypto industry has continued to spread to a number of once fast-growing firms. Here is a list of major layoffs, bankruptcies and other distress so far this year.
Crypto imploded in 2022, as investors lost faith in digital assets and the industry was plagued with crisis.
But unlike other collapses, it has largely avoided rippling into other markets. WSJ explains how crypto became so interconnected. Illustration: Mallory BranganThe crisis roiling the crypto industry has continued to spread to a number of companies since the
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto market maker GSR makes further layoffs as bear market bitesGSR has implemented a second round of layoffs as the trading firm faces the chill of crypto winter.
Read more »
Bitcoin reclaims $22,000, and Senate Banking Committee holds hearing on crypto crash: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Matt Hougan, the CIO of Bitwise, explains why he believes crypto prices will rally in 2023.
Read more »
Groceries to luxury cars: The state of crypto adoption in DubaiCointelegraph went to explore various parts of Dubai to find out how crypto and Web3 have been integrated with various businesses.
Read more »
Fresh waves of tech layoffs will erase hundreds more Bay Area jobsTech companies have revealed plans to erase about 400 jobs in the Bay Area.
Read more »
After Layoffs and Confusing Price Changes, Strava CEO Steps DownMichael Horvath co-founded Strava in 2009 but left the company in 2013. He returned in 2019, only to announce his second resignation on February 13 this year.
Read more »
Despite layoffs, experts say Silicon Valley economy is more 'bust and boom' than 'doom and gloom'Describing the tech sector's current job cuts, Joint Venture Silicon Valley's CEO said the valley is experiencing more of an adjustment than a crisis.
Read more »