ConsenSys CEO confirms layoffs, firm to focus on scaling core offerings
ConsenSys' CEO assured terminated employees that the firm would provide "generous packages" as they seek new employment.
Read bear market crypto news and analysis, including downturn signals, investor sentiment, capitulation events, and recovery outlooks.
Market sentiment has moved away from 'extreme fear' as Bitcoin rallies toward $21,000.
Short liquidations soar as crypto markets see rare green days during bear market
Of the $20.1 billion in illegal cryptocurrency transactions, 44% came from sanctioned entities.
FTX's collapse led to market uncertainty and low trust in centralized exchanges, resulting in 3.93 billion stablecoins leaving exchanges since then.
Strong capital inflows suggest the appetite for cryptocurrencies has returned, but some remain skeptical.
The effect of the recent FTX fallout and market contagions has forced Crypto.com to conduct its second round of layoffs.