Crypto Exchange Kraken Cuts 30% of Workforce; ECB Staffers Say Bitcoin is on ‘Road to Irrelevance’

Crypto exchange kraken cuts 30% of workforce; ecb staffers say bitcoin is on 'road to irrelevance'

CoinDesk published this video item, entitled “Crypto Exchange Kraken Cuts 30% of Workforce; ECB Staffers Say Bitcoin is on ‘Road to Irrelevance'” – below is their description.

Crypto exchange Kraken said Wednesday it is laying off 30% of its global staff – around 1,100 people – in response to the crypto market downturn. Plus, officials at the European Central Bank write in a new blog post titled “Bitcoin’s Last Stand,” that the largest cryptocurrency by market cap “has never been used to any significant extent for legal real-world transactions.”

Site: https://www.coindesk.com

Twitter: https://www.twitter.com/coindesk

LinkedIn: https://www.linkedin.com/company/3104779/admin

Instagram: https://www.instagram.com/coindesk

Facebook: https://www.facebook.com/CoinDesk

Newsletters: https://www.coindesk.com/newsletters

CoinDesk Podcast Network: https://open.spotify.com/show/2jyIhkvAQhed8AWDZiPpSP

Markets Daily Crypto Roundup: https://open.spotify.com/show/7sDXM8BlxsUqzL2IqmLqwE

CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community.

CoinDesk YouTube Channel

Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.


About This Source - CoinDesk

CoinDesk is a news site specializing in bitcoin and digital currencies. The site was founded by Shakil Khan and was subsequently acquired by Digital Currency Group.

Recent from CoinDesk:

Inflows Into Short Bitcoin Products Rose Alongside Rally: CoinShares

Gemini Reportedly Cutting Another 10% of Staff; Central African Republic Drafts Crypto Bill

All About Bitcoin

In This Story: Bitcoin

Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software. Bitcoin was the first decentralized cryptocurrency.

4 Recent Items: Bitcoin

Genesis Seeks $21 Million From ‘Bitcoin Jesus’

Inflows Into Short Bitcoin Products Rose Alongside Rally: CoinShares

Stock Market Coverage – Thursday Afternoon January 26 Yahoo Finance

Stock Market Coverage – Thursday Morning January 26 Yahoo Finance

In This Story: Blockchain

A blockchain is a distributed database that is shared among the nodes of a computer network. As a database, a blockchain stores information electronically in digital format. Blockchains are best known for their crucial role in cryptocurrency systems, such as Bitcoin, for maintaining a secure and decentralized record of transactions. The innovation with a blockchain is that it guarantees the accuracy and security of a record of data and generates trust without the need for a trusted third party.

2 Recent Items: Blockchain

Crypto CEO: ‘Investors made a mistake of considering crypto to be an asset class’

Ether dips, Luno cuts staff, and BlockFi financials show ties to SBF’s empire: CNBC Crypto World

In This Story: Podcast

A podcast is an episodic series of digital audio files that a user can download to a personal device for easy listening.

3 Recent Items: Podcast

Start Here Podcast – January 26, 2023 | ABC News

Sadiq Khan Reveals The Dark Side Of The Police. How Safe Are We REALLY? | E216

Planet Normal: Is Rishi Sunak at risk of death by 100 tiny Tory sleaze scandals? l Podcast

Leave a Comment

We don't require your email address, or your name, for anyone to leave a comment. If you do add an email address, you may be notified if there are replies to your comment - we won't use it for any other purpose. Please make respectful comments, which add value, and avoid personal attacks on others. Links are not allowed in comments - 99% of spam comments, attempt to post links. Please describe where people may find additional information - for example "visit the UN website" or "search Google for..." rather than posting a link. Comments failing to adhere to these guidelines will not be published.