More Companies Start to Rescind Job Offers

More Companies Start to Rescind Job Offers

Businesses in several different industries are rescinding job offers they made just a few months ago, in a sign the tightest labor market in decades may be showing cracks. Companies including Twitter Inc. real-estate brokerage Redfin Corp. and cryptocurrency exchange Coinbase Global Inc. have rescinded offers in recent weeks. Employers in other pockets of the … Read more

Bitcoin’s Price Falls Below $20,000

Bitcoin's Price Falls Below $20,000

The price of bitcoin has fallen below the key psychological level of $20,000 as a brutal selloff in cryptocurrencies deepened. Bitcoin fell momentarily to $18,739.50 and stayed below $20,000 on Saturday, according to CoinDesk, losing 72% of its value from its high in November. Concerns about the Federal Reserve’s actions to tame higher-than-expected inflation have … Read more

Bitcoin Price Dips Below $21,000 as Crypto Firms Announce Layoffs

Bitcoin Price Dips Below $21,000 as Crypto Firms Announce Layoffs

The price of bitcoin continued to fall Tuesday as the crypto industry struggles with fallout from the extended selloff. Bitcoin traded as low as $20,834 earlier on Tuesday, according to CoinDesk. The original cryptocurrency hasn’t traded under $20,000 since December 2020. For the day, bitcoin fell 5.4% to $21,991.89, its lowest close since Dec. 16, … Read more

Coinbase CEO tells workers to quit if they don’t believe in top execs, after petition for leadership changes

Coinbase CEO tells workers to quit if they don't believe in top execs, after petition for leadership changes

Coinbase Global Inc. has had a rough stretch lately, as plunging prices for cryptocurrencies have dampened trading interest and prompted the company to curtail rapid hiring plans. The company also seems to be suffering from some internal tensions, judging by a petition posted to decentralized publishing platform mirror.xyz that called for the removal of several … Read more

Crypto Exchange FTX Expands Into Stock Trading

Crypto Exchange FTX Expands Into Stock Trading

Crypto exchange FTX will let customers trade stocks and exchange-traded funds on its popular trading app alongside bitcoin and dogecoin. FTX said Thursday that it opened access to its new stock-trading service for a limited number of US users, It plans to expand the functionality to all American customers in the next few months, the … Read more

Cryptocurrency TerraUSD Plunges as Investors Bail

Cryptocurrency TerraUSD Plunges as Investors Bail

A selloff in a cryptocurrency that was supposed to be pegged to $1 accelerated Wednesday, briefly sending its price to less than a quarter of that value. TerraUSD traded as low as 23 cents Wednesday, according to data from CoinDesk. As of 2:43 pm ET, it had partially rebounded to about 68 cents in volatile … Read more