Banxa, an Australian crypto exchange, eliminates 70 jobs.

In preparation for a sharp market decline, cryptocurrency exchange Banxa (BNXA) has slashed over 70 workers, according to a Monday article in the Australian Financial Review. According to AFR, the change represents 30% of the workers of the Melbourne-based business. When the cryptocurrency market reached all-time highs last year, the company's personnel count soared to over 230.

According to AFR, the CEO of BANXA, Holger Arians, said in a letter to employees, “Banxa must take decisive actions to reduce costs now, or else our company won’t be able to succeed over the long run."

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Don't forget about the other 6 billion people who need bitcoin, guys.

submitted by /u/sgtslaughterTV [link] [comments]

In case you forgot, CoinFlex is almost the only publicly pro BCH exchange

Did CoinFlex need to put themselves in the position of being the bridge between BCH and SmartBCH? How much did they actually gain financially by doing this? I assume not a lot. They could have let SmartBCH flop but they stuck their head out in support of BCH.

How this sub is treating CoinFlex feels like how the maxi's treated Coinbase after Coinbase supported BTC for so long.

Don't get me wrong it's terrible they halted withdrawals, but ya'll are so short sighted.

submitted by /u/ShortSqueeze20k
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source https://www.reddit.com/r/btc/comments/vlb2z5/in_case_you_forgot_coinflex_is_almost_the_only/

On July 6 the SEC makes a decision about a Bitcoin ETF and if approved a BCH one will be created. BCH is legally identical to the Bitcoin so it will be approved as well, while other cryptos might be different due to being premined. If the ETF is approved BCH will rocket.

submitted by /u/big--if-true
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source https://www.reddit.com/r/btc/comments/vlawy0/on_july_6_the_sec_makes_a_decision_about_a/

Question about segwit and anyone-can-spend transactions

I am learning about segwit and something is still not clicking for me. When a segwit output is created it looks like an anyone-can-spend transaction to legacy nodes/miners. What is keeping a legacy miner from creating a block that spends this which gets validated by legacy nodes but rejected by segwit nodes, causing a hardfork?

submitted by /u/looneytones8
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BTC/ altcoin investment

Hi lads, First let me tell my story and then ask an important question. First time I had entered into crypto I put 500eur in far September 2017.... I had hold it during the winter crash of that year until mid-ends 2021, got a bit more than 3k that time as I got luck of putting it out just when it started dropping. Just to mention that the only investments that worked were btc and ethereum. Then I made some other investments for really long periods in altcoins (-60%now) and I am not worried about these as the investment was pretty small. Basically 20-50eur in each alt coin.

Here is the question, this year market seems like someone tries go pull down the price before huge economic crisis, here is my question: am I the only one that that this feeling? I am thinking to put some real money for poor European country (5-10k) in “safe” coins, do you think now is a good idea?

submitted by /u/Dimass92
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source https://www.reddit.com/r/btc/comments/vlae3u/btc_altcoin_investment/

Almost $4 billion in Bitcoin miner loans coming under stress, Bloomberg says

submitted by /u/sandygws [link] [comments]