Tag Archives: Crypto Winter

Blockfolio Downsizing, The Latest Victim of Crypto Winter

As the crypto winter gets colder the number of blockchain and crypto companies downsizing will continue to increase. Blockfolio has become the latest to shed staff and put its incubator project on the back burner. It has happened to some of the biggest players in the industry including Bitmain, ConsenSys and Shapeshift, and now Blockfolio has joined those… Read More »

Shapeshift Admits ‘Imposition of KYC’d Accounts’ Hurt Company Financially

The instant digital asset exchange platform ShapeShift has laid off one-third of its team because of the “dramatic and severe” crypto recession as well as being cautious in “a challenging regulatory environment.” Crypto Winter Cold Bites Shapeshift In a detailed announcement, the company’s CEO, Erik Voorhees, revealed “with a heavy heart” that the company has let 37 of… Read More »

Analyst: Bitcoin Facing a Wall of Resistance, Bears Could Return

The recent rally from mid-December’s bottom has been a positive sign for Bitcoin and its brethren but cryptocurrencies may not be out of the woods yet. According to a prominent technical analyst Bitcoin is facing a ‘titanium level of resistance’ that could spell further losses if not broken soon.‘Titanium level thickness cluster of resistance’That does not read well… Read More »

Why Crypto Winter Won’t Be 2019’s Defining Story

Eric Piscini is the CEO of Citizens Reserve and the former blockchain lead for Deloitte.  The following is an exclusive contribution to CoinDesk’s 2018 Year in Review.  In 2018, I thought about two anniversaries. The first, we’re all familiar with. By the end of this year, it will have been a decade since Satoshi Nakamoto created bitcoin and launched… Read More »

What’s Next for Bitcoin Miners in 2019 Amid Lower Price?

The year-long bear market finally forced many Bitcoin miners to capitulate by either scaling down or shuttering their operations. However, with the decrease in difficulty, some of these smaller establishments might want to get back into the business seeing as it is now easier to mine the top-ranked cryptocurrency. Bitcoin Miners Adapt to Lower BTC Price Back in… Read More »

Bear Market Forces Ethereum Startup “Status” to Trim 25% of Its Employees

Advertisement A blockchain startup that raised operational funds in Ethereum has come in the middle of what is known as the “crypto winter.” Status, as the project is called, recently announced that it has laid off 25% of its workforce citing economic scarcity. In a recently published blog post, the startup blamed this year’s extended bearish correction in… Read More »

Cryptocurrency Trading Update: Bears Crush Crypto Markets Below $110 Billion

FOMO MomentsCrypto markets are still falling; Bitcoin SV, Stellar, and Iota in pain, Binance Coin staying afloat.The bears are still exerting their control over crypto markets as the downward slide continues. Total market capitalization has dropped back below $110 billion and is heading back towards a new yearly low.Bitcoin has failed to register any gains on the day… Read More »

Crypto Market Update: Tether Climbs The Table Amid Shrinking Market Caps

FOMO MomentsCrypto markets are sliding again; Bitcoin SV, EOS, Monero and Tezos getting hit.Crypto markets are turning south again as minor gains get wiped out. Total market capitalization dropped below $110 billion during the morning’s Asian trading session as red dominates the charts at the moment.Dropping a further 2.5% on the day Bitcoin is heading towards the next… Read More »