Someone familiar with the situation stated that the cost was below the $250 million that was spent on acquiring the custody firm Metaco back in May.
Thodex, once among Turkey's leading cryptocurrency exchanges, abruptly ceased operations in April 2021, coinciding with the disappearance of its founder, Özer.
Sen. Bill Hagerty, a member of the Senate Banking Committee from the Republican party, advocates for a more comprehensive examination of the relationship between the securities regulator and the digital assets sector.
Now it’s crashing down. After weeks of plummeting cryptocurrency costs, Coinbase stated on Tuesday that it was cutting 18 percent of its staff, after layoffs at different crypto firms like Gemini, BlockFi and Crypto.com. High-profile start-ups like Terraform Labs have imploded, wiping away years of investments.
After weeks of plummeting cryptocurrency prices, Coinbase said on Tuesday that it was cutting 18 percent of its employees, after layoffs at other crypto companies like Gemini, BlockFi and Crypto.com. High-profile start-ups like Terraform Labs have imploded, wiping away years of investments.
Crypto companies are laying off staff, freezing withdrawals and trying to stem losses, raising questions about the health of the ecosystem. Employees of Coinbase in Times Square last year for its initial public offering. On Tuesday, the company said that it was laying off 18 percent of its workers. Gabby Jones for The New York Times
On Tuesday, the company said that it was laying off 18 percent of its workers. Gabby Jones for The New York Times SAN FRANCISCO — No one wanted to miss out on the cryptocurrency mania. Over the last two years, as the prices of Bitcoin and other virtual currencies surged, crypto start-ups proliferated.
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