CoinDesk: Crypto Exchange Kraken Cuts 30% of Workforce; ECB Staffers Say Bitcoin is on 'Road to Irrelevance'
Crypto exchange Kraken said Wednesday it is laying off 30% of its global staff – around 1,100 people – in response to the crypto market downturn. Plus, officials at the European Central Bank write in a new blog post titled "Bitcoin's Last Stand," that the largest cryptocurrency by market cap "has never been used to any significant extent for legal real-world transactions."
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