A blowout in the cryptocurrency market sparked a wave of layoffs, punished valuations and drove some companies to bankruptcy. Now firms that still have capital are gearing up for a shopping spree.
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The cryptocurrency rout has spread to startups that offer users digital tokens, dragging down digital asset prices and driving away a lot of users.
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Making news this week is the bankruptcy of a crypto platform, Meta gives up on Novi, Upstart hits some headwinds, startup funding is down, the US Treasury develops a framework for crypto and more...