Coinbase Confirms ‘Crypto Winter’ – TheStreet

The difficult time going through the cryptosphere is not about to go away.

Judging by the recent decisions announced by the big names in the industry, it is even logical to say that what industry sources call “cryptographic winter” will continue for several more weeks, at least, even if volatility is the key word in space.

The latest episode of “Cryptographic Winter” lasted from 2018 until the fall of 2020 before prices soared and skyrocketed to historic highs in 2021.

Coinbase (CURRENCY) , the most popular of the digital currency trading platforms in the US, has just announced new cost-saving measures. These include indefinite suspension of employment. Worse, the firm will cancel certain job offers made to candidates.

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