The company cited adverse economic conditions and disruptions within cryptocurrency markets.
Bitcoin has plunged almost 60% over the past year and a volatile year got worse in late 2022 with the collapse of cryptocurrency exchange FTX which filed for bankruptcy protection in November after experiencing the equivalent of a bank run. Customers tried to withdraw billions of dollars from the exchange after its financial stability came into question.
This story is from the January 14, 2022 edition of Techlife News.
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This story is from the January 14, 2022 edition of Techlife News.
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