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Crypto Exchange Kraken Cuts 30% of Workforce; ECB Staffers Say Bitcoin Is on 'Road to Irrelevance'

The most valuable crypto stories for Wednesday, Nov. 30, 2022.

November 30, 2022
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The most valuable crypto stories for Wednesday, Nov. 30, 2022.

The “Hash” crew discusses the main story today about crypto exchange Kraken stating 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."

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This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”