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Protocol Labs, Chainalysis and Bittrex add to crypto layoff season
4.2.2023
Crypto execs suggested that the "extremely challenging" times forced them to cut jobs in order to “weather this extended" crypto winter
Crypto Winter Led to 91% Plunge in VC and Other Investments for January
2.2.2023
A CoinDesk analysis shows crypto startups only raised $548 million last month, and FTX’s full impact on industry fundraising likely remains to be seen
82% of Millionaires Ask About Putting Crypto in Their Portfolios, Survey Shows
1.2.2023
Asset management firm Devere Group says that 82% of millionaires surveyed have asked their financial advisors about adding cryptocurrencies, such as bitcoin, to their portfolios despite the crypto winter. “Wealthy investors understand that digital currencies are the future of money, and they...
Massachusetts-Based Bankprov to End Loan Offerings Secured by Cryptocurrency Mining Rigs
31.1.2023
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), Bankprov stated that revenue from its digital asset loan...
Matrixport Joins Growing List of Crypto and Blockchain Companies Letting Employees Go
28.1.2023
The crypto firm Matrixport, led by former Bitmain CEO Jihan Wu, is laying off 10% of the company’s staff, according to reports published on Friday. Matrixport’s COO, Cynthia Wu, cited a “shift in the regulatory climate” and “industry-wide capitulations”...
Silvergate suspends dividends to preserve 'highly liquid balance sheet'
28.1.2023
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
New Ripple president says her job is to continue to scale amid crypto winter
27.1.2023
Veteran Ripple executive and former general manager Monica Long said the company has seen record growth in recent months despite crypto winter
After Mocking the Price Model, Crypto Advocates Discuss Bitcoin’s Rainbow Chart Reintegration
26.1.2023
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 price has entered the darkest band of the rainbow chart...
Tesla’s Q4 Balance Sheet Shows Bitcoin Holdings Worth $184 Million
26.1.2023
Tesla’s latest balance sheet shows the company’s bitcoin holdings worth $184 million. Tesla did not sell any digital assets in the fourth quarter of 2022 despite the crypto winter and contagion in the crypto ecosystem. Tesla’s Digital Assets Valued at $184 Million Tesla Inc....
How Industry Can Prevent the Crypto Winter From Becoming an Ice Age
25.1.2023
Recognizing that crypto has to be regulated as part of the regular economy is a first step to arguing for rules tailored to its unique innovations, says John Rizzo
Amid crypto winter, central banks rethink in-house digital currencies
24.1.2023
In recent months, four countries that had previously initiated major CBDC pilot programs have scrapped their adoption plans altogether
Switzerland Less Affected by Crypto Industry Crisis, Study Finds
21.1.2023
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 during the past turbulent year than those that left...
How Bitget Became a Dark Horse and Earns Market Share and Trust From Millions in Crypto Winter
19.1.2023
2022 was one of the roughest years in the crypto industry, which saw the collapse of Terra LUNA, Celsius, and FTX, consequently wiping out over $2 trillion from the crypto market. However, the dark horse in the face of these ugly events was the crypto exchange – Bitget. Despite the hardships...
World Leaders Warmed to Blockchain at Davos This Year, Despite Crypto Winter
18.1.2023
Crypto advertising has dropped at Davos in 2023, but discussions and panels from industry leaders are in full swing
First Mover Americas: Crypto Winter Chills at Digital Currency Group, Coinbase
18.1.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for Jan. 18, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Hashkey Capital Raises $500 Million for Its Third Fund, Despite Crypto Market Downturn
18.1.2023
On Tuesday, global asset manager Hashkey, which focuses on crypto and blockchain investments, announced that it has closed its third fund at $500 million. The company’s “HashKey Fintech Investment III” is dedicated to developing crypto solutions, blockchain technology, and Web3...
Number of devs increased during crypto winter: Electric Capital report
18.1.2023
Ethereum continues to be the dominant blockchain for developer activity, however, a few other chains continued to make ground
Smart Contract Tokens, Defi Economy See Strong Growth, Market Capitalization Swells by $78 Million in 30 Days
17.1.2023
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 million over the last 30 days, increasing from $243 billion to...
Fidelity-Backed Exchange OSL Cuts Workers Amid Ongoing Crypto Winter: Bloomberg
17.1.2023
The number of layoffs at the Hong Kong crypto exchange was not specified
Developers Keep the Candle Burning During Chilly Crypto Winter
17.1.2023
A new report released by Web3 developer platform Alchemy suggests that while this past year saw token trading slow, the number of smart contracts deployed on Ethereum continues to grow