After the LUNA meltdown in early June, Bank of America did research to evaluate market attitude regarding cryptocurrency. The findings revealed that a lot of people continue to plan to use Crypto for ...
Tag: Downturn
Salesforce is ‘more relevant in an economic downturn’
Salesforce Inc (NYSE: CRM) is a “durable business” that will remain strong during a recession, according to Bret Taylor. He’s the co-CEO of the California-based cloud company. Highli...
SEC chair warns about ‘too good to be true’ returns amid market downturn
Gary Gensler, chair of the United States Securities and Exchange Commission, or SEC, reiterated his call for investor protection in securities offered by crypto firms. Speaking virtually at the Robert...
This Downturn Shall Pass Too
Yesterday was one of the worst days in the history of crypto; prices crashed harder, crypto companies cut jobs, the Fed hinted at hiking rates, Binance halted BTC withdrawals, and Celsius suspended mu...
Crypto.com Lays Off 5% of Corporate Staff, Citing ‘Market Downturn’
Crypto.com will lay off 260 people, or 5% of its corporate workforce, as the markets continue to head into a downturn, CEO Kris Marszalek said in a tweet on Saturday. In a Twitter thread, Marszalek de...
Crypto users take to Twitter to lament the ongoing market downturn
Crypto traders and investors started out the week with a major shock to the markets. As assets across the blockchain industry went into a collective dive on Monday, users took to Twitter to voice thei...
Ripple CEO To New Investors ‘Recent Market Downturn Shall Pass’, Explains Why XRP Always Stand Strong In Bear Markets
– Advertisement – Ripple CEO Brad Garlinghouse Advises New Crypto Investors, Says the Recent Market Downturn “Shall Pass” The Ripple exec has reached out to new crypto investors, urging th...
BlockFi Cuts 20% of Workforce Amid Crypto Downturn
Key Takeaways BlockFi is firing 20% of its employees due to dramatic market conditions. The company is focusing on profitability ahead of what it acknowledges could be a prolonged global recession. Ot...
Taking RMDs During a Downturn Hurts. Here’s How to Manage the Pain.
Is it better to rip off a bandage and get the pain over with or to remove it slowly and gently, limiting the pain while prolonging it? That’s essentially the question facing seniors who have spent dec...
Traditional Hedge Funds Not Deterred by Crypto Market Downturn and Volatility
While the general cryptocurrency market has been in the red for most of 2022, recent reports reveal that more traditional hedge funds are still investing in digital assets, with the number of such ent...
Binance CEO: Current crypto downturn could last 4 years
Changpeng Zhao told CNBC’s Squawk Box Asia that Binance is probably the only crypto exchange that has a responsible trading program. He went on to explain how the world’s biggest exchange by trading v...
Current economic downturn ‘not even close’ to 2008 crisis
ServiceNow Chief Executive Bill McDermott told CNBC’s Jim Cramer on Monday that he doesn’t expect the current economy to undergo a market downturn like the 2008 financial crisis. “Th...
Shiba Inu to $0.01; Here Are Two Factors That Might Support SHIB’s Price Amid Market Downturn
Shiba Inu remains in a sideways trend, as seen on its daily chart, trading between $0.0000102 and $0.00001173. At the time of publication, SHIB was trading down 5% at $0.0000105. As Shiba Inu enthusia...
What The Great Recession Teaches Us About Surviving The Next Downturn
Businesses are girding for an economic downturn getty Brace yourself for an economic hurricane. That was the advice conveyed by JPMorgan Chase CEO Jamie Dimon earlier this month at a financial confere...
Bitcoin miners sell during the downturn, what does this mean?
? Want to work with us? CryptoSlate is hiring for a handful of positions! Against the backdrop of fiscal tightening and slowing growth in the crypto industry, Bitcoin miners are selling their holdings...
Bermuda confirms crypto hub ambitions despite market downturn
The Bermuda government is pushing on with its ambitious plans to become a cryptocurrency hub despite the massive market downturn in 2022. The small island territory known for its pristine pink sand be...
Bermuda persists in developing digital-asset industry amid downturn, WSJ says
Bermuda is betting that its transparent digital-asset regulations will attract more cryptocurrency business amid recent market turmoil, the Wall Street Journal reported on Friday. Bermuda, which has a...
Crypto exchange Rain Financial dismisses dozens of employees amid downturn, Bloomberg says
Rain Financial, a crypto exchange based in Bahrain, has cut dozens of employees amid a downturn in digital assets, people with direct knowledge of the matter told Bloomberg. “As cryptocurrencies and ...
Layoffs, the crypto downturn, investor offense and Columbus, Ohio
TechCrunch is more than just a site with words. We’re also building a growing stable of podcasts focused on the most critical topics relating to the startup and venture capital worlds. To help y...
Worried About Your Money? Here’s How to Survive a Market Downturn
market downturn Current market volatility has many investors wondering how to minimize losses and find new opportunities. But whether you’re worrying over your IRA or alternative investments, there ar...
Need to tap your 529 college savings? How to handle a market downturn
Klaus Vedfelt | DigitalVision | Getty Images Months of stock market volatility may deliver a costly surprise to parents sending children to school this fall: smaller-than-expected 529 college savings ...
Amid P2E downturn, Sky Mavis turns to user-generated content for Axie Infinity
On Tuesday, Sky Mavis, creator of the popular fantasy monster-battle nonfungible token (NFT) game Axie Infinity, announced that it had accepted the first user-created projects in its Axie Infinity Bui...
A16Z Capitalizes on Market Downturn Announcing $4.5B Startup Fund
Venture Capital firm Andreessen Horowitz is to pump $4.5 billion into crypto startups to capitalize on the market downturn. The company, known as a16z, has earmarked approximately $1.5 billion of the ...
Carvana’s ‘Chaotic’ Zoom Firing Caps Company’s Struggles Amid Market Downturn
Carvana ILLUSTRATION BY STEPHANIE JONES FOR FORBES; PHOTO BY MARK RALSTON/AFP via Getty After letting go 2,500 people, or 12% of its workforce, the online used car seller Carvana faces a moment of rec...
Commonwealth Bank pauses in-app crypto pilot amid market downturn
Former Commodity Futures Trading Commission (CFTC) head and crypto advocate Christopher Giancarlo has taken a seat as the chairman of crypto prediction platform Polymarket’s advisory board. The platfo...
Global Market Downturn Only Just Beginning for Some Strategists
(Bloomberg) — The selloff in global risk-assets against a backdrop of surging inflation and slowing growth is only getting started, some market participants believe. Most Read from Bloomberg Fac...
Crypto Exchange Coinbase Slows Hiring Amid Market Downturn – Exchanges Bitcoin News
Leading U.S. crypto exchange Coinbase is slowing hiring, citing the current down cycle in the market as a reason to rethink its staffing strategy. The company’s management believes the move will allow...
Coinbase to slow hiring and expansion due to market downturn
Coinbase announced today that it will slow its hiring process this year and reassess its headcount as it struggles with the market downturn. Emilie Choi, the president and COO of Coinbase, said that t...
Is the Downturn in Crypto Market leading to a stiff drop in Ethereum NFTs?
With the drop in Blue chip NFTs based on ethereum networks and others, the concerns are that digital art is quite dependent upon market movement The current downtrend seen in the cryptocurrency market...
South Africa’s economy threatening downturn
DURBAN, South Africa – April 16, 2022: Massive debris at the Durban harbor following heavy rains, mudslides, rain and winds in Durban. The harbour serves as a bulwark for the economy of the city...
Stocks of major Bitcoin mining firms tank as market downturn worsens
Following the mayhem in the cryptocurrency market recently, the shares of the five largest publicly-traded Bitcoin mining companies have dropped by more than 50 percent year-to-date, according to a ma...