Cryptocurrencies have taken another dive this week. And this crash follows seven months of declines, even for the big names in the game. Bitcoin, for example, is down more than 60 per cent from its peak in November.
And on Monday,
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Bitcoin stems heavy losses but pessimism reigns in crypto marketsBitcoin clawed its way to positive territory after falling as much as 7.3% to $20,816 Capitulation is part of the cycle. Buy when everyone else is scared. Markets in general. How is Netflix or Disney? Hmmm Anyone miss Trump yet? Ban crypto JustinTrudeau like yesterday !! Do the country a favour and respect the fallen 😠😤
Source: globeandmail - 🏆 5. / 92 Read more »
Coinbase laying off 18% of workers as crypto winter worsensThe layoffs are another sign of a worsening crypto downturn that’s shaved off hundreds of millions of cryptocurrency market value. Read more.
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Canadian crypto sector starting to see hiring slowdown amid broader market turbulenceCanadian hiring sector is feeling the heat of the global cryptocurrency downturn with companies either pausing hiring or shelving growth plans Just like any sector that got hot and bubbly through the decades.
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Coinbase lays off 18% of its workforce and warns of 'crypto winter'Crypto exchange Coinbase is laying off 18 per cent of its employees as the digital currency market continues to crumble. 🤣🤣 Bunch of malarkey, who needs this nes fangled gizmos anyway More like 'Crypto-geddon'
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Bill Gates says crypto and NFTs are a shamBill Gates called cryptocurrencies and NFTs are based on 'greater fool theory' at a TechCrunch conference, referencing the notion that investors can make money on worthless or overvalued assets as long as people are willing to bid them higher. Except Bill Gates is the very definition of a sham. If only saying it would make it so.
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