1- Crypto Winter everywhere @Bybit_Official Crypto Exchange Layoffs
🧵👇
#layoffs #cryptocrash $BTC $ETH
cryptoavanza.com/crypto-winter-…
2- After $UST incident, everyone is talking about “Crypto Winter” because of the liquidity crunch that’s why Exchange reduced its workforce today’s #Bybit announced layoffs workforce to survive the bear market. #Bybit previously cut its workforce by an unspecified number in June
3- @benbybit, the CEO, and co-founder of the Singapore-based crypto exchange, previously worked for XM, one of the world’s largest forex and CFD trading brokerage firms. made the announcement on Twitter at 12:32 a.m. ET.
4- “The planned downsizing will be across the board,” Zhou tweeted, adding: “For our impacted colleagues, we will try to make this process as smooth as possible and take care of each individual’s needs as much as we can.”
5- #Bybit is not the only blockchain and cryptocurrency company to lay off workers as the industry tries to get back on its feet after a rough year. The Terra, hedge fund 3AC , major cryptocurrency exchange #FTX, and its sister firm #Alameda all went out of business last year.
6- You can read my previous blog post about why Crypto Exchange Layoffs because of Crypto Winter
#Bybit #cryptocrash #Cryptocom
cryptoavanza.com/crypto-winter-…

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More from @defihumair

Dec 5
1- @AxieInfinity $AXS is up more than 100% after a massive downside
🧵👇
cryptoavanza.com/axie-infinity-…
2- On Sunday 13 November When Axie Infinity $AXS made a new price of 4$ and now 5 December the price pumped more than 2x, $AXS pumped today more than 25% Open price is $6.68 and is high at $8.8 at the time writing.
#AxieInfinity
3- @AxieInfinity is a blockchain-based trading and battling game that is partially owned and operated by its players. We update our $AXS to USD price in real time. Axie Infinity is up 25% in the last couple of hours. The current @CoinMarketCap ranking is #51.
Read 11 tweets
Dec 3
1- #FederalReserve hikes 75bps interest rate? Stocks Analysis After US jobs report.
🧵👇
#FOMC $SPX $BTC
2- Stocks went up sharply on Wednesday after Fed chair Jay Powell gave a strong hint that the central bank would slow its interest rate hikes later this month. That’s why on Wednesday, S&P 500 surged 3.2% in one day, while bitcoin strongly holds the $17,000 range.
$SPX Image
3- And here on Thursday, December 2, US jobs numbers were hotter than expected, which added to the pressure on the Fed to maintain its tough stance on inflation. After the report, $SPX slipped 1.2% because of fear of tightening.
@financialjuice Image
Read 15 tweets
Dec 2
1- Crypto Winter is here Cryptocurrency Exchange fires 1,100 global workforce
🧵👇
#cryptocrash #cryptowinter
cryptoavanza.com/crypto-winter-…
2- The world’s third-largest cryptocurrency exchange laid off more than 1,100 employees and declared a crypto winter. The company said in a blog post that the weakening in crypto markets was caused by slowing macroeconomic and geopolitical factors.
#FOMC
blog.kraken.com/post/16442/bus…
3- Kraken, which is the world’s third-largest cryptocurrency exchange by volume, is letting go of about 30% of its staff, according to the company’s CEO.
@krakenfx
Read 8 tweets
Dec 1
#Fantom On-Chain Analysis, $FTM surged more than 50% after #FTX and #Alameda collapsed
🧵👇
1- 75% of the $FTM current supply is locked, with the remaining 25% unlocked, indicating that whales and holders believe in the FTM token. #Fantom
2- As of today $FTM is down more than 90% from its previous all-time high of $3.3, and its market cap has dropped from $7.6 bn to less than $600 mn,
Read 18 tweets
Nov 30
1- #Fantom is Up 25% in 2 days Let’s discuss FTM’s next price move after Andre Cronje’s article
$FTM
🧵👇
cryptoavanza.com/fantom-up-25-i…
2- Andre #Cronje a software architect with 20 years plus of development experience, says that the #Fantom blockchain project he advises has a positive cash flow and brings in more than $10 million a year.
$FTM
3- Why is #Fantom Token Price Rising
Just a recap about $FTM is a layer 1 decentralized, permissionless, open-source smart contract platform for #dApps & digital assets like #Ethereum. The network competes with Solana, Avalanche, and Polygon to take over the market share of $ETH.
Read 32 tweets
Nov 29
🚨🚨Nexo High-Yielding Crypto: The Next Luna After the #FTX Collapse?

#Nexo has come under the microscope for its high-yield-bearing crypto products.
$nexo #BlockFi
🧵👇
1- The concerns come a month after the co-founders assured that the platform is solvent.
We all Know about #Luna $UST 20% APY is also not sustainable, Nexo’s double-digital yields can’t be sustainable.
$nexo
2- Crypto lender $Nexo is being sued in the London High Court by a group of investors. The investors allege that the firm blocked them from withdrawing over $126 million worth of crypto.
coindesk.com/business/2022/…
Read 12 tweets

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