This is How Long Coinbase CEO Thinks the Crypto Bear Market Will Last
Brian Armstrong – Chief Executive Officer of Coinbase – expects the ongoing crypto winter to last around 12 to 18 months. However, he admitted that his company is prepared for…
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FTX Increased Revenue By 1,000% in 2021 —And 2022 Looks Even Better
The world-famous cryptocurrency exchange platform FTX increased its revenue by more than 1,000% during 2021, from $89 million to $1020 million, according to company financial documents leaked to news outlet…
Crypto Crime Dropped by 15% in 2022 Due to Bear Market: Report
It’s been a bad year for crypto so far – between large companies going under, a slew of cyberattacks, and – most importantly – the value of assets taking a…
Coinbase Reports Over $1 Billion in Losses During Q2
In June, Coinbase shared an earnings report that worried investors, citing market conditions as the primary reason behind the drop in figures. At the time, Coinbase representatives assured investors that…
German Crypto Exchange Nuri Applies for Insolvency Due To The Crypto Winter
The 2022 crypto winter has claimed a new victim. On August 9, the German cryptocurrency exchange Nuri filed for bankruptcy before the Berlin court due to the prolonged bearish cycle…
Revolut Planning to Increase Crypto Staff by 20% During Bear Market
The British fintech firm Revolut plans to increase crypto-focused staff by 20% across the U.K., U.S., and Europe over the next six months. It is now advertising for 13 industry-related…
Recent Bitcoin Rally Was a Bull Trap: Glassnode
Despite the recent price increases for both bitcoin and ether, perhaps fueled by the Fed and the US President, Glassnode believes there’re no clear signs of bear market trend reversals.…
The Big Influence of Global M2 Money Supply on Crypto Markets
In the early days, Bitcoin and crypto market cycles were largely influenced by halving events. These happen approximately every four years, or every 210,000 blocks, when the block reward for…
BlockchainCom Announces 25% Staff Layoff Following 3AC Fallout
BlockchainCom – a crypto financial services company – has let go of 25% of its employees due to harsh market conditions. That’s 150 roles cleared from the firm. A Loss…
Troubled Crypto Firm Vauld Filed for Protection Against Creditors (Report)
One of the worst affected crypto companies by the unpleasant macroeconomic conditions – Vauld – reportedly filed for protection against creditors in Singapore. The process should grant the entity the…
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