The US Department of Justice’s actions against Bitzlato, a virtually unknown crypto exchange with Russian roots, are causing uncertainty. After initial mockery about the supposed irrelevance, more and more doubts arise that something much bigger is at stake.
Layoff wave: Coinbase, Consensys and Blackrock
The wave of layoffs in the crypto and financial sector continues unabated. Thousands of people are currently losing their jobs. What is initially negative can, however, also have positive effects in the long term. What they look like is explained in more detail in the podcast. Because especially from the traditional financial sector at Blackrock, Goldman Sachs and Credit Suisse, many employees are probably wondering whether they shouldn’t rather try out a “new sector”.
N26 starts with crypto trading
Thanks to the partnership with the Austrian crypto broker Bitpanda, the Berlin Neo-Bank N26 can now offer over 200 crypto currencies for trading. Even if a rush is not to be expected due to the current market situation, this should mean an important positioning for N26.
Crypto stocks: More volatile than cryptocurrencies
Share fans can also participate in the crypto economy. Exchange-traded companies such as the broker Coinbase or the Bitcoin miner Marathon Digital are heavily dependent on what is happening in the crypto market. Interestingly, their swings are sometimes higher than those of the cryptocurrencies themselves.
Enjoy listening to the BTC-ECHO Recap Podcast.