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“Elon Musk reacts to cryptocurrency selloff with ‘Cryptonight’” Billionaire and cryptocurrency superfan Elon Musk broke his silence on the recent collapse in digital asset prices — and responded to a meme revealing the next sector of the economy he expects to plunge. Musk reacted to the steep selloff in bitcoin, the largest cryptocurrency by market…
“Billionaire Leon Cooperman calls cryptocurrency ‘crap’” Stocks still have further to fall, billionaire investor Leon Cooperman warned on Tuesday — adding that speculative assets such as SPAC deals, cryptocurrencies and NFTs are “crap” and aren’t likely to recover anytime soon. Cooperman, the chairman and CEO of Omega Advisors, said he sees the US economy falling…
“Crypto crash continues as bitcoin briefly dips below $21K” The price of bitcoin briefly plummeted below the $21,000 threshold for the first time since December 2020 on Monday night as investors braced for a looming recession and reacted to difficulties at a major exchange. Bitcoin was staging a slight rally and was trading near $22,000…
“Coinbase lays off 18% of workers, CEO warns of ‘crypto winter’” The CEO of Coinbase said Tuesday that he’s laying off more than 1,000 of the cryptocurrency exchange’s employees, warning of an impending recession and “crypto winter.” The news comes as cryptocurrency markets tank, with bitcoin dipping below $21,000 late Monday — its lowest level…
“Winklevoss twins cover ‘Don’t Stop Believin’ days after laying off crypto employees” As the cryptocurrency market plunges, Cameron and Tyler Winklevoss have a message: “Don’t Stop Believin.’” The twins — best known for accusing Mark Zuckerberg of stealing their idea for Facebook — covered the classic Journey tune at a New Jersey rock club last Thursday…
“Coinbase CEO urges unhappy workers to quit, slams petition” Coinbase boss Brian Armstrong is urging disgruntled employees to quit the company after an anonymous online petition called for several key executives at the embattled cryptocurrency firm to be removed from their posts. Armstrong unleashed a tweetstorm in response to a viral petition dubbed “Operation Revive COIN.”…
“Bitcoin falls below $24K as Binance halts withdrawals” Bitcoin dipped below $24,000 for the first time since 2020 as Binance, the world’s biggest cryptocurrency exchange stopped users from withdrawing bitcoin early Monday. Binance founder and CEO Changpeng Zhao blamed the “temporary pause” on “a stuck transaction causing a backlog” in a tweet at 8 a.m….
“Pro-cryptocurrency regulatory bill introduced by Sens. Gillibrand, Lummis” A pair of senators introduced the first major bipartisan proposal for cryptocurrency regulation on Tuesday with a bill that is largely friendly to the industry. Sens. Kirsten Gillibrand (D-NY) and Cynthia Lummis (R-Wyo.) want the government to treat bitcoin, ethereum and other cryptocurrencies like commodities such as…
“‘Fired even before I started’” A new hire impacted by Coinbase’s decision to rescind some job offers this week and freeze hiring said he was blindsided by the move. “I was fired even before I started with the company,” the worker, whose identity was not revealed, told Business Insider. Coinbase cited “current market conditions and ongoing…
“Winklevoss twins’ Gemini slashes 10% of staff during crypto crash” Crypto winter is coming. The Winklevoss twins’ cryptocurrency trading hub Gemini is slashing staff for the first time since the firm was founded in the latest sign of turmoil related to the recent plunge in crypto prices. Cameron and Tyler Winklevoss – best known for…