The brutal crypto winter continues to bite, with crypto payments firm Wyre reportedly “scaling back” its operations amid talk of layoffs, and Bitcoin miner Core Scientific shutting down thousands of Celsius mining rigs that were at one point costing it $53,000 a day to run. Meanwhile, another mining firm, Riot Blockchain, has ditched the ‘Blockchain’ from its name as it attempts to diversify. And U.S. regulators have issued a joint statement warning banks of the “volatility and vulnerabilities” associate with crypto.
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