Crypto Winter

Crypto Custody Provider Copper to Lay Off Up to 15% of Staff
Crypto Custody Provider Copper to Lay Off Up to 15% of Staff
Cryptocurrency custody provider Copper said up to 15% of its staff face layoffs as the firm streamlines its business amid tough market conditions affecting the crypto industry...
Crypto Custody Provider Copper to Lay Off Up to 15% of Staff

Celsius Network is now allowing withdrawals from some accounts after freezing the accounts last June. (Unsplash)
Bankrupt Crypto Lender Celsius Reopens Withdrawals for Certain Custody Accounts
The firm paused withdrawals last June, citing extreme market conditions.
Celsius Network is now allowing withdrawals from some accounts after freezing the accounts last June. (Unsplash)

Bitcoin Holds Above $23K After Wall Street's Worst Week of the Year
Bitcoin Holds Above $23K After Wall Street's Worst Week of the Year
CoinFund Managing Partner and Head of Liquid Investments Seth Ginns discusses his investment outlook as crypto winter drags on. Ginns weighs in on the fundamental catalysts th...
Bitcoin Holds Above $23K After Wall Street's Worst Week of the Year

Stronghold Digital Mining CEO on Latest Debt Restructuring Deal
Stronghold Digital Mining CEO on Latest Debt Restructuring Deal
Bitcoin miner Stronghold Digital's (SDIG) latest debt restructuring deal will allow the postponement of principal repayments on $54.9 million of debt through June 2024. Strong...
Stronghold Digital Mining CEO on Latest Debt Restructuring Deal

Bitcoin Miners Hut 8, U.S. Bitcoin Corp. to Merge
Bitcoin Miners Hut 8, U.S. Bitcoin Corp. to Merge
Shares of Hut 8 Mining (HUT) continue to slide after the bitcoin mining firm said last week it agreed to merge with U.S. Bitcoin Corp. Hut 8 Mining CEO Jaime Leverton and US B...
Bitcoin Miners Hut 8, U.S. Bitcoin Corp. to Merge

Bitcoin Exchange LocalBitcoins to Shut Down 10 Years After Its Inception
Bitcoin Exchange LocalBitcoins to Shut Down 10 Years After Its Inception
LocalBitcoins, one of the longest-running bitcoin exchanges, is set to close this month in response to the "ongoing very cold crypto winter," roughly a decade after its incept...
Bitcoin Exchange LocalBitcoins to Shut Down 10 Years After Its Inception

Bitcoin Exchange LocalBitcoins Set to Close This Month, Citing Crypto Winter
Bitcoin Exchange LocalBitcoins Set to Close This Month, Citing Crypto Winter
Bitcoin exchange LocalBitcoins will close this month after 10 years of operation, in response to current market conditions. The company said in a statement, "we are sad to sha...
Bitcoin Exchange LocalBitcoins Set to Close This Month, Citing Crypto Winter

(PiggyBank/Unsplash)
Kraken’s Head Of Strategy: Our Business Felt Crypto Winter's Chill
Thomas Perfumo said the firm has not been insulated from the broader economy. Here's what he says the exchange wants to do next.
(PiggyBank/Unsplash)

DCG Creditor Pact Revealed With Plan to Sell Genesis Trading Unit as Part of Bankruptcy
DCG Creditor Pact Revealed With Plan to Sell Genesis Trading Unit as Part of Bankruptcy
Earlier Monday, CoinDesk reported that DCG and Genesis had reached an agreement with a key group of creditors. Lumida CEO and co-founder Ram Ahluwalia discusses the potential...
DCG Creditor Pact Revealed With Plan to Sell Genesis Trading Unit as Part of Bankruptcy

DeFi Outlook in 2023
DeFi Outlook in 2023
Decentralized derivatives exchange dYdX COO George Zeng discusses his outlook on DeFi in the coming year and how decentralized exchanges may be impacted as regulators narrow t...
DeFi Outlook in 2023