Cryptocurrency

Crypto Exchanges Feel the HEAT! Recession Warning?



Everywhere you turn, there seems to be more bad news waiting around the corner! Multiple crypto companies are laying off thousands of employees – is this a major recession warning? Subscribe to VoskCoin & follow my crazy crypto journey! http://voskco.in/Sub

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Crypto has recently seen a sharp decline in market value and prices, amidst a seemingly global market crash. In conjunction with this crash, many crypto exchanges are having to lay off workers – with the numbers totaling in the thousands already. What does this mean for the industry? Is this a clear sign that we are entering a recession? Let’s take a look at which companies are firing, and which company is hiring, despite the conditions!

Could SBF have something huge planned with Robinhood? – https://www.youtube.com/watch?v=1pOjVCIpXPk
Check out our guide on buying, selling and minting NFTs with FTX – https://www.youtube.com/watch?v=uCyHKs1wQgs

⏰ Timestamps ⏰
00:00 Is this the start of a recession?
01:35 Celsius suspends all withdrawals
03:17 Coinbase laying off 1,100 employees
07:51 Crypto.com laying off employees
08:26 BlockFi cutting off 20% of its employees
10:21 Gemini reducing the size of its team
11:12 A speck of light in the darkness?

VoskCoin is for entertainment purposes only and is never intended to be financial investment advice. VoskCoin owns or has owned cryptocurrency and associated hardware. VoskCoin may receive donations or sponsorships in association with certain content creation. VoskCoin may receive compensation when affiliate/referral links are used. VoskCoin is home of the Doge Dad, VoskCoin is not your Dad, and thus VoskCoin is never liable for any decisions you make.

#VoskCoin #crypto #recession #layoffs #ftx #sbf #coinbase #gemini #cryptocom

24 Comments

  1. The staff are getting cut and should we expect fees grow?
    Awesome vid, great breakdown of the highlights keeping it real and balanced with positivity.

  2. Actual financial advice for everyone – if you choose to invest, NEVER invest more than you are willing to lose… that being said, i personally plan to take full advantage of the awesome crypto discounts.

  3. As you get a lot of hate. I just wanted to say I've followed you for a few years and you really helped me understand everything crypto for free man thank you vosk and tales. Keep up the good work bro 💪

  4. What a f'ing week…. love the vids VOSK – killer – your vids got me into home mining now I'm rockin 6 Goldshell miners. This week has been the ultimate reminder for me that "not your keys not your crypto." It took me years to be a full bitcoiner and Celsius has my full bitcoin. I'm still positive though and I'LL KEEP ACCUMULATING through this bear market. Never stop accumulating! Of course I've now moved ALL other crypto assets off centralized exchanges. DeFi is dead for me.

  5. What does Coinbase need 5000 employees. Maybe 50. They are a freaking web portal. What other products do they produce to justify all those employees?

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