91–100 of 616 posts
Earlier quoted context omitted.
Is there a "recession" in the rest of the tech industry? I took that to be the point of the person you are replying to.
Yes? Many stocks are down >50% and companies are announcing hiring freezes
>If you are affected, you will receive this notification in your personal email, because we made the decision to cut access to Coinbase systems for affected employees. I realize that removal of access will feel sudden and unexpected, and this is not the experience I wanted for you. Given the number of employees who have access to sensitive customer information, it was unfortunately the only practical choice, to ensur…
Coinbase is probably still mostly remote, so it's about the same thing as shuffling everyone into a conference room and turning off access.
Can't believe they are still airing the Long Live Crypto ad during the NBA playoffs. Just saw one last night.
> If you are affected, you will receive this notification in your personal email, because we made the decision to cut access to Coinbase systems for affected employees. I realize that removal of access will feel sudden and unexpected, and this is not the experience I wanted for you. Given the number of employees who have access to sensitive customer information, it was unfortunately the only practical choice, to ensu…
If any UK staff are affected, then I would talk to citizens' advice (or a solicitor if you can afford it) asap.
Know your rights: https://www.gov.uk/redundancy-your-rights/consultation
You’re entitled to a consultation with your employer if you’re being made redundant. This involves speaking to them about:
why you’re being made redundant
any alternatives to redundancy
Why has the crypto boom and bust lined up so closely with the COVID pandemic? Is it a coincidence or is there some underlying cause?
Of course: governments around the world flooded markets with stimulus cash and it all had to go somewhere. Now they are unwinding stimulus and it’s going away. Every reasonable observer has just been waiting for this to happen.
> If you are affected, you will receive this notification in your personal email, because we made the decision to cut access to Coinbase systems for affected employees. I realize that removal of access will feel sudden and unexpected, and this is not the experience I wanted for you. Given the number of employees who have access to sensitive customer information, it was unfortunately the only practical choice, to ensu…
Why has the crypto boom and bust lined up so closely with the COVID pandemic? Is it a coincidence or is there some underlying cause?
Now, inflation is spiking, so the federal reserve raised rates and money isn't as cheap as it used to be, therefore people are pulling out of the market.
> Coinbase has survived through four major crypto winters I don't understand - has crypto been around long enough to have winters? When were they?
If we're talking Bitcoin: - Early 2014 ($1,000 -> $300) - Late 2018/Early 2018 ($19,500 -> $6,800) - April 2021 ($63,000 -> $35,000) - Nov 2021-Now ($67,000-> $22,000)