Coinbase’s decision to pull existing job offers is straightforwardly heinous. Imagine Coinbase offered you a job a week ago. You immediately put in your two weeks’ notice at the box factory where you’ve been grinding to feed your family while spending nights and weekends immersed in crypto. On Thursday you woke up excited to start a new gig in the exciting world of digital assets. Then you got a god-damned form email titled “Update to your Coinbase offer” and the update was “whoops, nevermind.” Seriously, Coinbase, get your act together. This is shameful behavior. (CoinDesk columnist David Z. Morris) … “Yet, while Coinbase once again manages to excel in its public bumbling, it is not alone in facing headwinds. As the crypto economy slows, exchanges have been among the first to reveal cutbacks, in part because more of them are public or regulated firms. Robinhood (HOOD), which offers equity and crypto trading and saw hypergrowth during the coronavirus pandemic, has reversed course to cut 9% of staff. Mexican exchange Bitso and Middle Eastern exchange Rain Financial have also made cuts. The layoff announcement from the Winklevoss twins’ Gemini exchange may be the most provocatively framed. In announcing it is cutting 10% of staff, Gemini predicted the entire industry was “entering a period of stasis,” and explicitly warned of a coming ‘crypto winter.'” (CoinDesk columnist David Z. Morris) … Mr. (John) Kerry told the BBC that despite these drawbacks, “as a world we are still not moving fast enough” to rein in the emissions of warming gases that are driving up temperatures. (Former U.S. Secretary of State John Kerry)
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