crypto layoffs – pressnews

[ad_1] Bankruptcies, layoffs and eye-popping losses have become fixtures of the digital-asset sector. Bankruptcies, layoffs and eye-popping losses have become fixtures of the digital-asset sector over the past few months, as it reels from a $2 trillion drop in its market value. So as the fallout continues to reverberate, does the industry owe anyone an apology? That's one of the questions we addressed on the first episode of Crypto IRL, a new Bloomberg Quicktake series. “I do think that certain executives of certain companies that lost millions, tens of millions, billions of dollars of consumers' funds, they definitely have explaining to do,” Meltem Demirors, chief strategy officer at CoinShares, said on the show. “And I do t...

[ad_1] The finance professionals who switched from traditional careers to the cryptocurrency sector are now seeing the latter retrench globally, but South Korea’s highest-profile example of such a job move has no regrets. The finance professionals who switched from traditional careers to the cryptocurrency sector are now seeing the latter retrench globally, but South Korea's highest-profile example of such a job move has no regrets. Lee Mi-seon, 39, became research head at eight-year-old crypto exchange Bithumb in March after 12 years as a bond strategist at giant conglomerate Hana Financial Group, where she won media accolades for her forecasts. Two months after her move, virtual coins began a chaotic $1 trillion rout s...

Tag: crypto layoffs

After Bankruptcies, Layoffs, Losses, Does Crypto Owe an Apology After $2 Trillion Slump?

Ex-Bond Star Who Switched to Cryptocurrency Career Is Unfazed by Layoffs