In the first half of a panicky week in the crypto industry, the news was all focused on what could go wrong with weak businesses.
In the second half, however, the story seems to be shifting toward what businesses with strong fundamentals can do — and what are they doing — to thrive in a weakened market.
While leading cryptocurrency exchanges Coinbase, Crypto.com and BlockFi announced big layoffs at the start of the week, competitors Binance and Kraken went the other way, announcing plans to accelerate hiring.
See also: Super Bowl Curse Comes for Crypto as Layoffs Mount
The outspoken CEO of the world’s largest crypto exchange, Binance, indulged in a bit of fundamentals-focused crowing on June 15 with a Twitter post announcing plans to hire 2,000 new employees.
“It was not easy saying no to Super bowl ads, stadium naming rights, large sponsor deals a few months ago, but we did,” Changpeng “CZ” Zhao said. “Today, we are hiring for 2,000 open positions for #Binance.”
And cross-chain...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...