93 Cryptocurrency exchange Kraken said it would cut its global workforce by 30%, or about 1,100 employees, citing tough market conditions that have crippled demand for digital assets this year. Higher interest rates and worries of an economic downturn have roiled cryptocurrencies as investors fled risky assets, with recent bankruptcies adding to the uncertainty. You Might Be Interested In 2022: Not a great year for bitcoin Bank of England holds interest rates at 5.25% Rivian Earnings and Revenue Beat Estimates; 2023 Production Guidance Raised Asian stocks fall and Europe subdued ahead of central banker speeches Peso may strengthen as market looks for drivers Metals in meltdown: investors should buy now
