This episode is sponsored by ZenGo.
The “Hash” hosts discuss the bitcoin services company NYDIG laying off around 100 people, according to CoinDesk sources. The firm has cut approximately 30% of its staff in the past several weeks as the crypto market has soured. Crypto winter is also taking a toll on companies that man the virtual mines, which has led to cryptocurrency exchange Binance starting a lending facility for bitcoin (BTC) miners. Plus, Tether, a stablecoin issuer, announced it no longer holds commercial paper or unsecured debt to specific company holdings. And also, another hot topic, Binance starts a $500M support fund for Bitcoin mining. And Also, an interview with Sandy Carter from Unstoppable Domains.
See also:
Crypto Trading Firm NYDIG Lays Off About 33% of Staff
US Judge Removes Legal Firm Roche Freedman From Class Action Against Tether, Bitfinex: Report
Stablecoin Issuer Tether Cuts Commercial Paper Holdings to Zero
Binance Pool Starts $500 Million Fund to Support Bitcoin Mining
This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”
