In the view of recession, the leading crypto exchange Coinbase announced to lay off 18% of its workforce, Due to the economic crisis, Coinbase's CEO Brian Armstrong, said the company over-hired and considering the financial situation had to lay off over 1,000 employees. "We always plan for the worst so we can operate the business through any environment," said Armstrong. Notablym, in 2021, the company had 1,250 employees.
Courtesy: The Free Press Journal
The famous meme-Cryptocurrency Dogecoin has reached its all-time highest value of $0.29 i.e 30 cents and credits can be attributed to the Tech mogul Elon Musk. At Coinbase, Dogecoin has recorded 112.89% growth, and its value surged from 10 cents since April 14. Billionaire entrepreneur Musk, on April 15, had laid out another meme about the cryptocurrency on Twitter captioning it, "Doge Barking at the Moon".