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Coinbase to lay off 1100 employees
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Coinbase had already put in place a hiring freeze and rescinded a host of accepted job offers.The news comes as crypto markets are in freefall. Yesterday, bitcoin crashed to its lowest level since December 2020 after one of the crypto-economy's largest lenders, Celsius Network, suspended withdrawals on Sunday.Bitcoin is currently trading at around $22,000, down from an all-time peak of nearly $65,000.Yesterday, BlockFi said it is cutting about 20% if its staff, while Crypto.com said it will axe five per cent of its workforce.
Read more on finextra.comAbout this in other media
Price analysis 6/24: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, LEO cointelegraph.com /1 year ago
Coinbase Launches 1st Crypto Derivatives Product, Focusing on Retail Brokers blockchain.news /1 year ago
Coinbase to shut down Coinbase Pro to merge trading services cointelegraph.com /1 year ago
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