Crypto Bear Market Has Even Led $15 Billion Bitmain to Lay Off Employees

The ongoing bear market has begun to take its toll on a number of businesses, as many seek to close up operations, reduce staff, or make other changes that impact their ability to stay afloat. The latest cryptocurrency firm to feel pressure due to continued price decline, is the $15 billion-valued mining giant Bitmain.
Bitmain Closes Israeli Dev Center Due to Crypto “Shake Up”
After a mere two years in operation, Bitmain will be shutting down its development center in Ra’anana,