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After Coinbase, lays off 20% of its employees

The slight relief rally that we witnessed in the past few days isn’t enough for companies to keep their workforce. After Coinbase and, it’s’s turn to reduce its headcount. In an official statement, the Singapore-based cryptocurrency exchange announced a global cut-off of around 20%. After an initial layoff in July, to comprise with the « macroeconomic downturn », the crypto exchange came to this decision because of the current lack of trust in centralized exchange caused by the collapse of FTX.

Cronos Daily Price Chart - TradingView
Cronos Daily Price Chart – TradingView’s Cronos is up around 2.19%in 24h, and around 13.2% over the last 7 days.

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Greetings, I go by the name of Flavien - a devoted supporter of cryptocurrency and a tech aficionado who has been keeping track of the developments in the world of blockchain and digital currencies since 2019. The potential of decentralized digital currencies to revolutionize our financial systems has captivated me, and I'm constantly exploring the most recent trends and advancements in this ever-evolving industry. As a content creator for Krypto Channel, my aim is to deliver informative and engaging articles that shed light on all aspects of the crypto world. Whether you're a seasoned investor or simply curious about blockchain technology, I am here to keep you updated on the latest happenings and trends. Being part of this lively and dynamic community is an honor, and I am thrilled to share my passion for cryptocurrency and blockchain with all of you.
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