
August 27th, 2025
This February, Ethereum is reportedly launching Zhejiang, the dress rehearsal testnet for its Shanghai hard fork.
The range of opportunities being seen by these firms as highlighted by Bloomberg transcends digital currency trading.
Major tech firms have also announced varying degrees of job cuts as they continue to adapt to the changing market situations.
American crypto exchange Coinbase plans to protest a weighty fine imposed by the Dutch central bank over “non-compliance” violations.
The firm’s creditors range from tech companies to hoteliers, airlines, and even government-owned entities in the US and foreign countries.
Luno will be discarding 330 people out of about 960 employees.
With over $159 billion quarterly crypto traded volume from more than 108 million verified users, Coinbase has attracted more institutional investors during the 2022 bear market.
Gemini conducted the first round of layoffs back in June 2022. At that time, the exchange cut 10% of its workforce from around 1,100 employees. A few weeks later, Gemini reduced its staff by another 7%, citing “turbulent market conditions.”
Several crypto stocks saw considerable increases in value while others dropped, as the 2023 Bitcoin price rally continued.
Expectations are that the new rule must have been completed by midyear and adopted by that same time.
JPMorgan believes as many as 95% of Coinbase Global’s retail customers will opt in for the staking service after the Shanghai update.
The layoff will affect every aspect of its business operation and teams from corporate services, recruitment, and engineering are affected.
Coinbase says that its customers in Japan have a 1-month deadline to withdraw all holdings, as operations would cease after that.
The digital currency ecosystem is a very volatile one, and what seems to constitute the basis for the current growth trend today may not necessarily be fueling the market momentum tomorrow.
The technology sector in general is struggling now, and Microsoft has been waiting for quite a long before cutting its workforce. Other companies started to lay off their staff much earlier.