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Nalezeno "market downturn": 107

Argentinian Cryptocurrency Exchange Buenbit Announces Staff Layoffs


Buenbit, an Argentinian cryptocurrency exchange, has announced a series of layoffs due to the downturn that traditional and crypto markets are currently facing. Buenbit’s co-founder and CEO, Federico Ogue, clarified that this move had nothing to do with the recent Terra ecosystem disaster...

Crypto Exchange Coinbase Slows Hiring Amid Market Downturn


Leading U.S. crypto exchange Coinbase is slowing hiring, citing the current down cycle in the market as a reason to rethink its staffing strategy. The company’s management believes the move will allow the trading platform to match its hiring needs with its business goals. Coinbase...

Monthly NFT Metrics Dive Bomb, NFT Sales Measured in USD Slip 16%


Non-fungible token (NFT) sales have dropped considerably during the last month as cryptocurrency values have seen significant losses in recent times. NFT sales saw a quick spike when a number of crypto assets neared all-time price highs in mid-November, but sales quickly plummeted back down...

Cryptoverse Gets Another Unicorn Despite Market Downturn


Source: Adobe/s_lena Venture capitalists are still pouring hundreds of millions into the infrastructure of the cryptoverse, hoping the whole nascent industry will grow further despite a recent sharp correction in the market. Amber Group (AG), an Asian crypto trading and technology firm, is now...

BTCS Crypto Portfolio Expands Over 280% in Q2 2020 Amid COVID-19 Pandemic


While many institutions struggled to recover from the market downturn experienced in March, publicly traded, blockchain focused firm BTCS Inc. (OTCQB: BTCS) has increased its portfolio by 285% in Q2 2020, through well timed investments in both Bitcoin (BTC) and Ethereum (ETH), and crossed the...

Bitcoin Miners Are Selling Coins Faster Than They Can Generate Them


According to data sites and a number of observers, bitcoin miners are selling coins faster than they can produce them. Ever since the market downturn on March 12 and the week of falling prices that followed, bitcoin miners have been struggling. Also read: Bitcoin Hashrate Down 45% – Miners...

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