crypto winter

In what could be a concerning trend for the industry, a Federal Reserve survey found that the cryptocurrency market’s growth this year has not resulted in an equivalent rise in cryptocurrency ownership. What Happened: A survey by the Consumer Finance Institute of the Federal Reserve Bank of...

Morgan Stanley (NYSE: MS) has detailed the signs investors should look for that may indicate "crypto winter" is coming to an end, potentially signaling brighter days ahead for cryptocurrency enthusiasts. The term "crypto winter" refers to a period of severe market downturns...

Cryptocurrency derivatives exchange Bitget’s Managing Director Gracy Chen has expressed optimism about seeing progress on the policy front for the cryptocurrency industry over the coming years as policymakers “continue to understand” the challenges and opportunities...

Bitcoin’s (CRYPTO: BTC) volatile ride from $1,000 in January 2017 to its peak of $20,000 by the end of that year was followed by a sharp drop, losing more than 60% of its value in just a few months. What Happened: The year 2018 was referred to by some as a “crypto winter,” as the...

Cryptocurrency financial services company Blockchain.com has suspended operations of its asset management arm, Blockchain.com Asset Management (BCAM), due to the prolonged bearish market. BCAM was launched in April 2022 with the aim of attracting institutional investors. Shortly after the launch,...

Cryptocurrency exchange OKX is considering a potential workforce reduction, a company spokesperson said. The OKX spokesperson declined to reveal the exact number of the potential layoffs, but stated it may effect less than 1% of OKX's global workforce. Employees that will be...

2022 has, by any measure, been a difficult year in Europe. War on the continent, runaway inflation, energy security and even a corruption scandal in the European Parliament. These problems are not going away and will continue to dominate the political arena. However, 2023 will be an important year...

Investors are ever vigilant for any sign the crypto bear market may be shifting. Bitcoin (CRYPTO: BTC) and Ethereum Classic (CRYPTO: ETC) have both shown positive signs — but what the future holds is the subject of endless speculation. Starkiller Capital, an institutional investment...

As the crypto lending industry faces increasing financial pressure, Genesis Trading, a subsidiary of Digital Currency Group (DCG), announced a 30% reduction in its workforce, as reported by CNBC.  The move followed the layoff of 20% of Genesis staff last year and the replacement of its...

Amid an extended crypto winter, some 44,444 Bitcoin (CRYPTO: BTC) have been taken off exchanges in the last month, according to statistics from Coinglass. That's a staggering $745 million. Investors continue to express concern about the reeling crypto market, which was made worse by the FTX (...

The crypto winter will go on for a long time and more stringent regulations are expected in the future, following the failure of FTX. That's according to former Binance CFO Zhou Wei, who left the firm last year. "Basically, we have to all brace ourselves for a pretty long winter in the...

The collapse of cryptocurrency exchange FTX (CRYPTO: FTT) and other high-profile crypto firms amid a prolonged crypto winter has piqued users' interest in decentralized exchanges now that there is a gap in the perpetual market. One of the top performers over the past month has been...

While the crypto community was left rattled by the FTX (CRYPTO: FTT) debacle throughout November, crypto mining firms relentlessly pursued all available avenues to shore up revenues and maintain margins. In what is possibly one of the harshest crypto winters ever seen, these digital asset mining...

  Crypto and Web3 venture firm a16z has appointed former CFTC commissioner Brian Quintenz as the company’s new head of policy a year after hiring him as senior advisor for its crypto team. Quintenz was nominated by both Presidents Barack Obama and Donald Trump and unanimously confirmed...

Major exchanges Bybit and Australia-based Swyftx have laid off a third of their workforces, just a week after Kraken announced job cuts, amid a deepening crypto winter. Ben Zhou, co-founder, and CEO of Bybit unveiled a reorganization plan that calls for a significant reduction in the company's...