CoinDesk: NYDIG Cuts Workforce Amid Crypto Winter; Binance Pool Starts $500M Fund to Support Bitcoin Mining
Bitcoin services company NYDIG has laid off around 100 people, according to CoinDesk sources. The firm has cut approximately 30% of 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.
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