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What’s Happening in Crypto

1/6 What’s happening in Crypto by Biverse 07 Nov 2022

💰BTC Price: 20,760 🔋Hashrate: 268.96 EH/s 📊Difficulty: 36.76 T Bitcoin BTC cryptocurrecy Crypto airdrop Blockchain climate

💹Market Place 2/6 Crypto prices ticked up and crypto-related stocks gained. Bitcoin was trading above 21,000, up by about 2% over the past week.

3/6 Coinbase revealed Q3 expenses was 1.1B, down from 1.8B in Q2. The exchange’s Volume was 159 billion, less than estimates of 191 billion.

4/6 Block reported earnings after the close on Thursday. Jack Dorsey's company had a net loss of 14.7 million in Q3. Bitcoin sales volume was 1.76 billion. bitcoin gross profit fell to 37 million during the quarter, down from 41 million in Q2.

5/6 A survey on 2000 American adults found 49% of them claim to be familiar with cryptocurrency, and over 50% think Crypto is the Future of Finance. Awareness is highly concentrated within people aged 18 to 44. Awareness is also stronger with minority than with White Americans.

🥶Crypto Winter 6/6 Crypto job cut persists as industry continues to brace for revenue and equity market downturn. The layoff started with derivatives exchange BitMEX sacking 25% of its employees in April. Most companies have joined the trend amidst a grim year for crypto.

This post is based on this twitter thread.

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