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Monthly Archives: December 2022

Winners-and-losers-of-2022:-a-disastrous-year-that-saw-few-winners-among-a-sea-of-losers
Cointelegraph Feed

Winners and losers of 2022: A disastrous year that saw few winners among a sea of losers

2022 was supposed to be the year crypto went mainstream, with a significant chunk of traditional venture capital firms betting heavily on the ecosystem in 2021. However, with one disaster after another, 2022 turned out to be a catastrophic year for the nascent crypto ecosystem. Some of the biggest names touted as pivotal to taking…
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Crypto-exchange-wash-trading-stats-depict-worrying-picture
Cryptocurrency News Feeds

Crypto Exchange Wash Trading Stats Depict Worrying Picture

It’s no secret that wash trading continues to plague the crypto market. A paper titled “Crypto Wash Trading,” published by the National Bureau of Economic Research (NBER), found that an overwhelming number of unregulated crypto exchanges account for a sizeable portion of wash trades. The nonprofit research organization studied 29 major exchanges, such as Binance,…
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‘crypto-winter’-won’t-end-in-2023-—-bitcoin-advocate-david-marcus
Cointelegraph Feed

‘Crypto winter’ won’t end in 2023 — Bitcoin advocate David Marcus

Bitcoin (BTC) and crypto will need until at least 2024 to "recover from the abuse of unscrupulous players," says one of the industry's best-known names.In a blog post released on Dec. 30, David Marcus, CEO and founder of Bitcoin firm Lightspark, disappointed bulls with his outlook for the coming years.Marcus: "Crypto winter" will likely last…
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Huobi-reportedly-plans-mass-layoffs-and-salary-cuts 
Cryptocurrency News Feeds

Huobi Reportedly Plans Mass Layoffs and Salary Cuts 

Popular cryptocurrency exchange Huobi will lay off a significant portion of its workforce and cut the salaries of senior employees, according to Chinese reporter Colin Wu. Last month, the exchange debunked speculation that it would slash its headcount because of the high number of employees at the company. But people familiar with the matter have…
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Bitfarms-ceo-emiliano-grodzki-resigns-amid-industry-struggles
Cryptocurrency News Feeds

Bitfarms CEO Emiliano Grodzki Resigns Amid Industry Struggles

Emiliano Grodzki has stepped down as CEO of leading Bitcoin mining firm Bitfarms, joining a long list of crypto executives who resigned from their positions amid the bear market this year. The mining company named Geoffrey Morphy as its new CEO, promoting him from his role as president and chief operating officer (COO). “Our foundational…
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Valkyrie-wants-to-take-up-the-reins-of-grayscale’s-bitcoin-trust
Bitcoin Magazine Feed

Valkyrie Wants To Take Up The Reins Of Grayscale’s Bitcoin Trust

Valkyrie Investments has laid out a proposal to become the new sponsor and manager of Grayscale’s troubled bitcoin trust (GBTC) and fix its large discount.Valkyrie Investments has laid out a proposal to take up the reins of troubled bitcoin trust GBTC."We understand that Grayscale has played an important role in the development and growth of…
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