Crypto companies lay off over 1,700 staff

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At the beginning of 2021, it seemed that cryptocurrencies had hit their stride. Not only was the value of established currencies like Bitcoin soaring, but a new cryptocurrency was crawling out of the woodwork every other week. But the market eventually peaked in November 2021 with a value of $3 trillion. As members of the public were drawn in by this world of digital currency…

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