THE HASH: Crypto Winter - Coinbase Latest Company to Cut Jobs, Following BlockFi & Crypto.com
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 14 June 2022
⏱️ 26 minutes
🧾️ Download transcript
Summary
The most valuable crypto stories for Tuesday, June 14, 2022.
"The Hash" team discusses today's top stories as crypto markets bleed $1 billion in liquidation: Coinbase will cut more than 1,000 jobs, SEC's Gary Gensler warns about high-yield products offered by crypto lenders and El Salvador loses half of its bitcoin investment amid market turmoil.
This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”
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Transcript
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| 0:45.7 | That's audible.com slash Wondery UK. |
| 0:58.1 | This is the HASH podcast. |
| 1:06.0 | Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more with stories that matter to the crypto world. |
| 1:08.4 | All on the hash for your ears. |
| 1:12.4 | You're listening to the Coin Desk Podcast Network. |
| 1:18.9 | Hello, happy today and welcome to The Hash here on CoinDest TV. It has been a wild one. |
| 1:25.7 | We are back from Consensus, back in our normal little worlds with so much chaos going on in the markets. |
| 1:28.3 | I'm Zach Seward. We have Will Foxley, Jensenassie, |
| 1:31.9 | and Wendy O. We're going to break it down for you today. Starting off with Will, |
| 1:32.8 | Will, take it away. Start off with some bad news after a great weekend in Austin, Texas for consensus, and that |
| 1:38.1 | is Coinbase is laying off about 18% of its staff or 1,100 people. The exchange has hired about 5,000 so far with even |
| 1:47.3 | 1,000 hired last quarter, but it seems that they need to make some changes based on market |
... |
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