and geopolitical factors have weighed on financial markets," Powell stated. "This resulted in significantly lower trading volumes and fewer client sign-ups. We responded by slowing hiring efforts and avoiding large marketing commitments."
Cryptocurrency mixing platform, Tornado Cash, has been hit with US sanctions over allegations of money laundering. Cryptocurrency Illistration picture taken on Jan. 24, 2022. "Unfortunately, negative influences on the financial markets have continued, and we have exhausted preferable options for bringing costs in line with demand."
Kraken employees affected by the round of layoffs received notification Monday. The crypto exchange said it is providing them with "comprehensive support," including 16 weeks of separation pay and four months of
Will see worse in other industries.
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