(Bloomberg) — Russian President Vladimir Putin’s plans to squeeze Europe by weaponizing energy look to be fizzling at least for now. Most Read from Bloomberg Mild weather, a wider array of suppl...
Tag: Winter
SuperRare cuts 30% of staff as growth slows during crypto winter
Non-fungible token (NFT) marketplace SuperRare has announced a 30% staff-member cut as CEO John Crain explained that the firm mistakenly over-hired during the last bull market. In a Jan. 7 tweet, Crai...
Digital Asset Exchange Giant Huobi Plans To Lay Off 20% of Its Staff Amid Ongoing Crypto Winter: Report
The Seychelles-based crypto exchange giant Huobi is reportedly planning to lay off 20% of its staff as the ongoing bear market continues to thrash companies across the industry. Reuters reports that H...
NFT Marketplace SuperRare Downsizes 30% of Staff Due to Extended Crypto Winter
– Advertisement – SuperRare, a non-fungible token (NFT) marketplace, has laid off 30% of its staff due to the prolonged crypto winter. CEO John Crain stated that the company overhired duri...
Crypto winter unrivaled as Digital Currency Group forced to shut down HQ
HQ Digital has ceased its operations due to the ongoing crypto winter. The firm was the wealth management division of the Digital Currency Group. The after-effects of 2022’s crypto winter seem to ha...
5 cryptocurrency books to read during this crypto winter
The technology behind cryptocurrency and blockchain is having an increasingly noticeable influence on financial markets, and investors’ interest in these areas has undoubtedly been heightened as a res...
Bybit’s market share rose in 2022 despite the crypto winter
A report by CryptoCompare, an FCA-authorized benchmark administrator and data provider, reveals that Bybit, a cryptocurrency exchange based in Singapore serving over two million clients , was one of t...
Wyre ‘Scaling Back’ Operations Amid Crypto Winter: CEO
Ioannis Giannaros, the CEO of Crypto payments company Wyre, has allegedly told his employees via email that he is liquidating the company and plans to terminate services this month, according to a rep...
Can Polygon’s growing ecosystem keep MATIC holders warm this crypto winter?
Polygon witnesses significant growth in its Defi and NFT space However, the sentiment against Polygon declined According to new data posted by Polygon, the layer 2 solution was observed to be improvin...
Europe begins New Year with historic winter heat, ski resorts close
Poland’s capital of Warsaw recorded temperatures of 18.9 degrees Celsius on Jan. 1; more than 5 degrees Celsius above the previous record set 30 years ago. Nurphoto | Nurphoto | Getty Images A w...
EmpireDAO, Wyre, Become Latest Casualties Of Brutal Crypto Winter
With the crypto winter showing no signs of abating, crypto payment companies Wyre and EmpireDAO have become its latest casualties. Wyre informed employees about its plans during the holiday season, w...
Bitcoin’s 2022 settlements volume almost hits $15t despite crypto winter
Bitcoin has been consolidating in the $16,000 to $16,900 zone since Dec. 16. While the flagship crypto’s price has dropped considerably from its all-time high (ATH) of the $68,000 mark in November 202...
Crypto winter exacts new tolls as companies brace and restructure
Wyre and EmpireDAO are the two latest companies to fall victim to crypto winter. Founded nearly a decade ago, payment provider Wyre let a number of employees go, with two laid-off workers confir...
Natural Gas Prices Are Plunging On a Warmer Start to Winter
(Bloomberg) — A warmer-than-expected start to winter in large parts of the world that could linger for weeks — especially across the US — is easing fears of a natural gas crisis that had been pr...
Circle executive believes that crypto winter will bring steadiness in 2023; will it?
Circle CSO Dante Disparte believed that the crypto winter would usher in steadier and durable actors in crypto. Disparte expressed a positive outlook for crypto in 2023 2022 was not the best year for...
Bitcoin mining difficulty falls 3.6% following winter freeze
Bitcoin’s mining difficulty fell 3.6% at 3:49 a.m. UTC on Jan. 3. The difficulty change suggests that a fraction of Bitcoin (BTC) miners withdrew from the network — most likely due to reduced mining p...
Prevailing crypto winter wipes over 70,000 Bitcoin millionaires during entire 2022
The rise of Bitcoin (BTC) and other cryptocurrencies in recent years has created a new class of wealthy individuals, many of whom had made their fortunes by buying into the market early and adopting ‘...
Bitcoin Miners Got Crushed by Crypto Winter. 2023 May Bring More Pain
The mining industry started 2022 off strong with what seemed like ample capital to expand, but high energy prices, increasing competition for Bitcoin blocks and a bear market hit miners, knocking out ...
Despite the Frost of Crypto Winter, The Wrapture Holders Kept Their Cool
Part social experiment, part community building exercise, holders of the project were given a set of rules that would ultimately determine their NFT’s rarity and long-term value: If no one moved...
Crypto winter to exceed 2023? This CEO predicts another “tough year”
Marcus Lightspark CEO David Marcus believed that the crypto winter would not be over before 2024. Bitcoin [BTC] is trading at more than $16,500 at press time, avoiding major volatility as 2022 drew to...
David Marcus says crypto winter won’t end in 2023… or 24
On December 30, 2022, David Marcus, who formerly oversaw the cryptocurrency units at Meta and PayPal, and founder of Lightspark, published a blog post in which he discussed his predictions for the cry...
‘Crypto winter’ won’t end in 2023 — Bitcoin advocate David Marcus
Bitcoin (BTC) and crypto will need until at least 2024 to “recover from the abuse of unscrupulous players,” says one of the industry’s best-known names. In a blog post released on De...
Global bitcoin ATM count surges despite crypto winter
The total number of bitcoin (BTC) and crypto ATMs installed globally has increased to 38,597 as of Dec.30, an over 7k rise from the 32,627 crypto ATM installations recorded last year, according to Coi...
Will Cardano’s development activity help ADA sail through crypto winter
Cardano ranked number one in terms of development activity. However, its dApp activity declined, along with its TVL and revenue. Santiment, a leading crypto analytics firm, announced on 30 December th...
Bitcoin Drifts Lower as Crypto Winter Continues
In a CoinDesk TV First Mover interview, Martin Leinweber, digital asset product strategist at Market Vector Indexes, noted bitcoin’s strength relative to other cryptos. “If you look at the...
Crypto Winter Gets Colder as Kraken Closes Japanese Operations
The crypto winter just got a bit colder. Cryptocurrency exchange Kraken said it had decided to cease its operations in Japan and deregister from the country’s regulatory agency as of Jan. 31. T...
Prolonged Crypto Winter Pushes Kraken Exchange Out Of Japan
The crypto winter is a drawn-out one exacerbated by the collapse of large players such as Terra and the FTX crypto exchange. As crypto businesses continue to feel the effects of the current bear marke...
Flight Cancellations Top 10,000 As Feds ‘Examine’ Airline’s Historic Winter Storm Woes
Topline Following a chaotic holiday travel weekend, shares of Southwest Airlines plunged Tuesday morning as the carrier faced backlash over thousands of flight cancellations spurred by one of the wors...
Crypto Investors and Execs Experience Harsh Winter (Report)
2022 will go down in history as one of the most atrocious and shocking for the cryptocurrency industry, which saw several major implosions, countless bankruptcies, fallouts, and everything in between....