Crypto Firms, Especially Exchanges, Slash Jobs as Market Rout Continues

Going forward, crypto companies with valid use cases and utility are the ones that will best survive, according to Nicholas Strange, founder of Seattle-based hiring firm Crypto Talent. Many crypto firms have been through downturns before, and have become better at managing their treasuries, Strange told CoinDesk. Additionally, quarter-over-quarter venture capital funding remains at all-time highs, and certain VC firms may use this downturn to continue funding promising crypto-related projects, Strange said.