Friday, 24 March, 2023

Bitcoin prices continue to tumble; Coinbase fires 1100 employees

<p>As the crypto crisis develops, Coinbase, the world&#39;s third-largest crypto exchange, announced that it will lay off 18 % of its employees, or around 1,100 jobs. The price of bitcoin is currently about $21,900. The layoffs came a day after Bitcoin dropped as much as 14% when a prominent U.S. cryptocurrency lending company, Celsius Network, blocked withdrawals and transfers, in the latest indicator of the financial sector collapse affecting the cryptosphere.<br /> &nbsp;</p>