NYDIG Cuts Workforce Amid Crypto Winter; Binance Pool Starts $500M Fund to Support Bitcoin Mining

This episode is sponsored by ZenGo.

The “Hash” hosts discuss the bitcoin services company NYDIG laying off around 100 people, according to CoinDesk sources. The firm has cut approximately 30% of its staff in the past several weeks as the crypto market has soured. Crypto winter is also taking a toll on companies that man the virtual mines, which has led to cryptocurrency exchange Binance starting a lending facility for bitcoin (BTC) miners. Plus, Tether, a stablecoin issuer, announced it no longer holds commercial paper or unsecured debt to specific company holdings. And also, another hot topic, Binance starts a $500M support fund for Bitcoin mining. And Also, an interview with Sandy Carter from Unstoppable Domains.

See also:

Crypto Trading Firm NYDIG Lays Off About 33% of Staff

US Judge Removes Legal Firm Roche Freedman From Class Action Against Tether, Bitfinex: Report

Stablecoin Issuer Tether Cuts Commercial Paper Holdings to Zero

Binance Pool Starts $500 Million Fund to Support Bitcoin Mining

This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”