CoinDesk - Unknown

DCG-Owned Luno Cuts Staff by 35%; Genesis Seeks $20.9M From 'Bitcoin Jesus'

The most valuable crypto stories for Wednesday, Jan. 25, 2023.

January 25, 2023
Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

"The Hash" discusses today's top stories, including crypto exchange Luno cutting 35% of its workforce, citing the "incredibly tough year" affecting the crypto market. Separately, a unit of Genesis Global, the crypto lender that filed for bankruptcy protection in New York last week, claims Roger Ver – sometimes referred to as “Bitcoin Jesus” based on his early evangelism for the industry – failed to settle cryptocurrency options trades.

Disclaimer: Digital Currency Group is the parent company of Luno, Genesis, and CoinDesk.

See also: ​​

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