Crypto Winter: Coinbase Latest Company to Cut Jobs, Following BlockFi and Crypto.com

"The Hash" team discusses today's top stories as crypto markets bleed $1 billion in liquidation: Coinbase (COIN) will cut more than 1,000 jobs, the Securities and Exchange Commision's Gary Gensler warns about high-yield products offered by crypto lenders and El Salvador loses half of its bitcoin (BTC) investment amid market turmoil.

See also: Coinbase Lays Off Around 1,100 Employees

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