Crypto Exchange Kraken Cuts 30% of Workforce; ECB Staffers Say Bitcoin Is on 'Road to Irrelevance'

This episode is sponsored by minima.global and Circle.

The most valuable crypto stories for Wednesday, Nov. 30, 2022.

The “Hash” crew discusses the main story today about crypto exchange Kraken stating it is laying off 30% of its global staff – around 1,100 people – in response to the crypto market downturn. Plus, officials at the European Central Bank write in a new blog post titled "Bitcoin's Last Stand" that the largest cryptocurrency by market cap "has never been used to any significant extent for legal real-world transactions."

See also:

Kraken Cuts 30% of Workforce Amid Crypto Winter

Bitcoin's Last Stand: ECB Staffers Say the Crypto is on 'Road to Irrelevance'

The Bitcoin Obituary Obituary

Central Banks and Bitcoin: Closer Than You Think

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