Tagged: crypto bear market

Binance Might Be Laying Off 20% of its 8000-Employee Global Workforce

June 1, 2023 @ 9:00 am By Omar Faridi |

Binance, which claims to be the world’s largest cryptocurrency exchange in terms of overall trading volume and scope of operations, recently revealed that it may be reassessing its workforce following numerous other industry-wide reports of layoffs and an extended bear market. On Wednesday (May 31,… Read More

Read more in: Blockchain & Digital Assets, Global, Strategy | Tagged bear market, binance, changpeng zhao, crypto bear market, crypto trading, crypto-assets, digital assets, digital currencies, layoffs, patrick hillmann, trading, virtual currency, workforce reductions

As BTC Price Continued to Decline in 2022, Crypto Miners with Large Loan Agreements Were Forced into Selling Bitcoin: Report

December 27, 2022 @ 10:51 am By Omar Faridi |

2021 was quite the ride for the cryptocurrency mining industry, according to an update from Compass Mining. Financial analysts predicted $100,000 Bitcoin prices. Miners reportedly “touted huge purchase orders and deployments. And stock prices seemingly couldn’t go downward.” By the end of that year, however,… Read More

Read more in: Blockchain & Digital Assets, Strategy | Tagged bitcoin, bitcoin mining, btc, compass mining, crypto bear market, crypto mining, digital currency, Market Report, progress report, research