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Search Results for: crypto winter

Chainalysis Slashes Workforce by 15% Citing Ongoing Crypto Winter

Chainalysis, a blockchain analytics business, let off another 15% of its workforce this week, citing the necessity to cut costs in light of the prolonged detrimental market. The firm said on October 3 that it has laid off 15% of its workforce, or around 135 people. Madeleine Kennedy, VP of

October 3, 2023 1 min read

Will the Ongoing USDC Depeg Worsen Crypto Winter Further?

The second largest stablecoin USD Coin (USDC) depegged from its $1 parity owing to the shutdown of the US banking giant Silicon Valley Bank on Friday. The failure of this largest bank is registered as the worst banking crash since the 2008 financial crisis. The custom of crypto firms depositing

March 11, 2023 2 mins read

Chainalysis Announces Layoff Amid Prolonged Crypto Winter

As private sector demand has decreased in tandem with the sell-off in cryptocurrencies for much of the last year. Chainalysis is laying off around 44 of its 900 workers, or 4.8% of its staff. According to Maddie Kennedy, the company’s senior director of communications, the layoffs will mostly affect members

February 2, 2023 1 min read

Crypto Developers Number Peaked in the Crypto Winter

Electric Capital released the 2022 Crypto Developers Report. The firm collaborated on the 250 million codecommits from the GitHub repositories. The codes were fingerprinted across the 9000 ecosystems and found the result of the last 14 years. A tragic year in cryptocurrency has initiated opportunities for many new BUIDLers. Cryptocurrency

January 20, 2023 2 mins read

KuCoin Thrives Despite Crypto Winter: Annual Review of 2022

KuCoin 2022 reports $23 billion daily trading volume in futures market, $12 billion in spot trading market, and 27 million total users. VICTORIA, Seychelles–(BUSINESS WIRE)–KuCoin, a top 5 global crypto exchange, has released its yearly review report highlighting its main metrics and achievements in 2022. KuCoin’s guiding operational principle is

January 19, 2023 3 mins read

James Turk: Looks Like Bitcoin (BTC) Survived Crypto Winter

Global cryptocurrency After several weeks of steady decline, the market is showing signs of life. Gains in cryptocurrencies like Bitcoin (BTC) have stoked the fire that has ignited the crypto market. which, despite persistent lows, is continually rising to new heights as a result of learning from past mistakes. Goldmoney’s

January 16, 2023 2 mins read

Global Crypto Market Is Aiming at $1 Trillion End of Crypto Winter

The global cryptocurrency Subsequent weeks of sustained selling is currently experiencing buying pressure. The market’s acceleration has sparke by gains in assets such as Bitcoin (BTC). Which is making new highs day after day after facing consistent lows and reclaiming previous experiences. At the time of writing, the global market

January 14, 2023 1 min read

Nobel Prize Laureate Paul Krugman Cautions of Endless Crypto Winter

The Nobel prize laureate Paul Krugman is warning that blockchain-based projects, such as Bitcoin and other cryptocurrency networks, will soon enter an unending cryptocurrency winter. A column written by an economist and published in the New York Times on December 1st explains the technology’s true value and the warning signals

December 4, 2022 2 mins read

Dogecoin Price Surges 25% In Crypto Winter, What’s the Reason?

Dogecoin, the largest memecoin and Tesla CEO Elon Musk’s favorite crypto, exhibited a 24% price surge since last week. The episodic spikes in DOGE’s price never fail to conquer the crypto community’s attention.  Rationale Behind Dogecoin Price Surge? No single event or action can be regarded as the prime reason

November 28, 2022 2 mins read