Bitcoin Bears Maul Another Victim: Crypto Exchange Coinsquare Lays off a Third of Employees

It has already been a tough few months for the crypto industry and nobody is feeling that more than crypto-related employees who have been dropping like flies in recent weeks. Canadian based cryptocurrency exchange Coinsquare is the next crypto firm to lay off workers as the market goes through difficult times. Coinsquare has reportedly laid off 40 employees, which equates to approximately a third of their staff. Cryptocurrency exchanges are currently feeling the brunt of increased regulatory requirements and the massive decrease in Bitcoin prices that are currently teetering around $ 3,500. Something has to give, and that is what we

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More Bitcoin Exchanges Fall Victim to Banking Problems (news.bitcoin.com)

Following Bitfinex’s announcement to disable fiat deposits, more bitcoin exchanges are having the same issue. The other trading platforms have also disabled incoming USD wire transfers, citing bank account and “intermediary bank” problems.
Also read: Bitfinex’s Problems Pile Up: Deposits Disabled, Withdrawals Delayed
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