THE CRYPTO CULLING: Thousands of employees are getting the axe as companies face plunging valuations, scandals, and legal turmoil

  • Primary crypto firms, together with, Coinbase and Genesis, have introduced layoffs in 2023.
  • To make issues extra difficult, the SEC simply filed fees towards two main avid gamers in crypto. 
  • Regardless of contemporary turmoil, costs of main cryptocurrencies like Bitcoin and Ethereum are up up to now this 12 months. 

It is a merciless, merciless wintry weather for the arena of crypto. 

The brand new 12 months has slightly begun, however up to now, the ache that the cryptocurrency trade skilled in 2022 has proven no signal of slowing down: Hundreds had been given the red slip, and the Securities and Alternate Fee levied fees towards two main avid gamers within the trade. 

Here is a fast recap of what is already came about:

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