Coinbase Says Its Laying Off Several Employees

Coinbase – one of the largest and most popular cryptocurrency exchanges in the world – has announced it’s planning to lay off about 18 percent of its staff. This comes to about 1,100 people. Coinbase Isn’t Doing So Hot The crypto space is doing rather poorly as of late. Bitcoin, for example, recently crashed to a new low of about $22,000 per unit, the lowest it’s been since late 2020. The asset – which was trading for about $68,000 in mid-November of last year – has lost close to two thirds of its value in just eight months. It’s a