• bitcoinBitcoin (BTC) $ 66,815.00
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  • staked-etherLido Staked Ether (STETH) $ 3,105.78
  • xrpXRP (XRP) $ 0.521803
  • the-open-networkToncoin (TON) $ 6.43
  • dogecoinDogecoin (DOGE) $ 0.152111
  • cardanoCardano (ADA) $ 0.480318
  • shiba-inuShiba Inu (SHIB) $ 0.000025
  • avalanche-2Avalanche (AVAX) $ 37.26
  • tronTRON (TRX) $ 0.123336
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 66,862.00
  • polkadotPolkadot (DOT) $ 7.12
  • chainlinkChainlink (LINK) $ 16.40
  • bitcoin-cashBitcoin Cash (BCH) $ 476.96
  • nearNEAR Protocol (NEAR) $ 7.90
  • matic-networkPolygon (MATIC) $ 0.712851
  • litecoinLitecoin (LTC) $ 83.91
  • internet-computerInternet Computer (ICP) $ 13.45
  • uniswapUniswap (UNI) $ 7.91
  • fetch-aiFetch.ai (FET) $ 2.28
  • daiDai (DAI) $ 0.999935
  • leo-tokenLEO Token (LEO) $ 5.88
  • ethereum-classicEthereum Classic (ETC) $ 28.61
  • hedera-hashgraphHedera (HBAR) $ 0.113876
  • pepePepe (PEPE) $ 0.000009
  • render-tokenRender (RNDR) $ 9.92
  • aptosAptos (APT) $ 8.52
  • wrapped-eethWrapped eETH (WEETH) $ 3,230.17
  • immutable-xImmutable (IMX) $ 2.43
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.999828
  • cosmosCosmos Hub (ATOM) $ 8.61
  • crypto-com-chainCronos (CRO) $ 0.124157
  • filecoinFilecoin (FIL) $ 5.84
  • mantleMantle (MNT) $ 0.975673
  • stellarStellar (XLM) $ 0.108017
  • arweaveArweave (AR) $ 47.46
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,055.02
  • blockstackStacks (STX) $ 2.08
  • okbOKB (OKB) $ 50.07
  • the-graphThe Graph (GRT) $ 0.308882
  • kaspaKaspa (KAS) $ 0.121665
  • optimismOptimism (OP) $ 2.55
  • arbitrumArbitrum (ARB) $ 1.01
  • makerMaker (MKR) $ 2,803.77
  • vechainVeChain (VET) $ 0.035422
  • bittensorBittensor (TAO) $ 376.92
  • dogwifcoindogwifhat (WIF) $ 2.55
  • fantomFantom (FTM) $ 0.887718
  • suiSui (SUI) $ 1.07
  • moneroMonero (XMR) $ 136.14
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • injective-protocolInjective (INJ) $ 24.80
  • thorchainTHORChain (RUNE) $ 6.80
  • theta-tokenTheta Network (THETA) $ 2.20
  • flokiFLOKI (FLOKI) $ 0.000201
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,438.58
  • celestiaCelestia (TIA) $ 9.44
  • jupiter-exchange-solanaJupiter (JUP) $ 1.25
  • coredaoorgCore (CORE) $ 1.83
  • galaGALA (GALA) $ 0.045369
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  • lido-daoLido DAO (LDO) $ 1.79
  • bonkBonk (BONK) $ 0.000024
  • bitget-tokenBitget Token (BGB) $ 1.09
  • algorandAlgorand (ALGO) $ 0.184642
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,207.50
  • quant-networkQuant (QNT) $ 98.01
  • whitebitWhiteBIT Coin (WBT) $ 9.86
  • ondo-financeOndo (ONDO) $ 0.948551
  • akash-networkAkash Network (AKT) $ 5.76
  • flowFlow (FLOW) $ 0.895547
  • aaveAave (AAVE) $ 88.49
  • bitcoin-svBitcoin SV (BSV) $ 65.90
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  • neoNEO (NEO) $ 15.51
  • zebec-protocolZebec Protocol (ZBC) $ 0.021366
  • elrond-erd-2MultiversX (EGLD) $ 40.30
  • axie-infinityAxie Infinity (AXS) $ 7.44
  • cheeleeCheelee (CHEEL) $ 18.90
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  • msolMarinade Staked SOL (MSOL) $ 205.23
  • worldcoin-wldWorldcoin (WLD) $ 4.87
  • gatechain-tokenGate (GT) $ 7.93
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  • the-sandboxThe Sandbox (SAND) $ 0.443934
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  • ecasheCash (XEC) $ 0.000049
  • safeSafe (SAFE) $ 2.23
  • jasmycoinJasmyCoin (JASMY) $ 0.019724
  • kucoin-sharesKuCoin (KCS) $ 9.82
  • eosEOS (EOS) $ 0.811855
  • tezosTezos (XTZ) $ 0.941625
  • aioz-networkAIOZ Network (AIOZ) $ 0.837105
  • conflux-tokenConflux (CFX) $ 0.224041
  • roninRonin (RON) $ 2.76
  • mina-protocolMina Protocol (MINA) $ 0.798524
  • havvenSynthetix Network (SNX) $ 2.69
  • ordinalsORDI (ORDI) $ 40.32
  • starknetStarknet (STRK) $ 1.14
  • decentralandDecentraland (MANA) $ 0.432543
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,098.41
  • lido-staked-solLido Staked SOL (STSOL) $ 205.14
  • ribbon-financeRibbon Finance (RBN) $ 0.811765
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,133.20
  • book-of-memeBOOK OF MEME (BOME) $ 0.011387
  • apecoinApeCoin (APE) $ 1.24
  • gnosisGnosis (GNO) $ 300.15
  • pendlePendle (PENDLE) $ 4.94
  • heliumHelium (HNT) $ 4.61
  • dexeDeXe (DEXE) $ 13.01
  • nexoNEXO (NEXO) $ 1.31
  • usddUSDD (USDD) $ 1.00
  • kavaKava (KAVA) $ 0.673287
  • nervos-networkNervos Network (CKB) $ 0.016314
  • iotaIOTA (IOTA) $ 0.216258
  • echelon-primeEchelon Prime (PRIME) $ 17.79
  • theta-fuelTheta Fuel (TFUEL) $ 0.106740
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.66
  • axelarAxelar (AXL) $ 1.02
  • pyth-networkPyth Network (PYTH) $ 0.443212
  • bitcoin-goldBitcoin Gold (BTG) $ 37.43
  • klay-tokenKlaytn (KLAY) $ 0.179261
  • fraxFrax (FRAX) $ 0.998944
  • frax-etherFrax Ether (FRXETH) $ 3,097.55
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000108
  • oasis-networkOasis Network (ROSE) $ 0.092193
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  • fasttokenFasttoken (FTN) $ 1.97
  • livepeerLivepeer (LPT) $ 19.07
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000029
  • mantra-daoMANTRA (OM) $ 0.739666
  • blurBlur (BLUR) $ 0.371286
  • tether-goldTether Gold (XAUT) $ 2,415.55
  • swethSwell Ethereum (SWETH) $ 3,275.39
  • dydxdYdX (ETHDYDX) $ 2.05
  • osmosisOsmosis (OSMO) $ 0.864661
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,324.16
  • jito-governance-tokenJito (JTO) $ 4.63
  • woo-networkWOO (WOO) $ 0.299186
  • xdce-crowd-saleXDC Network (XDC) $ 0.036907
  • wemix-tokenWEMIX (WEMIX) $ 1.49
  • pepecoin-2PepeCoin (PEPECOIN) $ 4.69
  • illuviumIlluvium (ILV) $ 84.29
  • golemGolem (GLM) $ 0.535628
  • curve-dao-tokenCurve DAO (CRV) $ 0.427682
  • astarAstar (ASTR) $ 0.091312
  • arkhamArkham (ARKM) $ 2.35
  • true-usdTrueUSD (TUSD) $ 1.00
  • 0x0x Protocol (ZRX) $ 0.599285
  • raydiumRaydium (RAY) $ 1.85
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,363.34
  • aerodrome-financeAerodrome Finance (AERO) $ 1.06
  • apenftAPENFT (NFT) $ 0.00000049
  • superfarmSuperVerse (SUPER) $ 1.06
  • polymeshPolymesh (POLYX) $ 0.453184
  • iotexIoTeX (IOTX) $ 0.050270
  • radixRadix (XRD) $ 0.045343
  • 1inch1inch (1INCH) $ 0.400773
  • ethereum-name-serviceEthereum Name Service (ENS) $ 14.88
  • enjincoinEnjin Coin (ENJ) $ 0.317600
  • dymensionDymension (DYM) $ 2.70
  • celoCelo (CELO) $ 0.855797
  • venomVenom (VENOM) $ 0.278192
  • memecoin-2Memecoin (MEME) $ 0.025054
  • mx-tokenMX (MX) $ 4.62
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.09
  • ankrAnkr Network (ANKR) $ 0.044755
  • stepnGMT (GMT) $ 0.220586
  • nosanaNosana (NOS) $ 5.26
  • pax-goldPAX Gold (PAXG) $ 2,388.66
  • altlayerAltLayer (ALT) $ 0.320424
  • zilliqaZilliqa (ZIL) $ 0.023582
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008533
  • siacoinSiacoin (SC) $ 0.007262
  • arcblockArcblock (ABT) $ 4.19
  • ravencoinRavencoin (RVN) $ 0.029634
  • biconomyBiconomy (BICO) $ 0.524639
  • project-galaxyGalxe (GAL) $ 3.48
  • holotokenHolo (HOT) $ 0.002251
  • terra-luna-2Terra (LUNA) $ 0.581021
  • paypal-usdPayPal USD (PYUSD) $ 0.999416
  • rocket-poolRocket Pool (RPL) $ 19.53
  • amp-tokenAmp (AMP) $ 0.007042
  • manta-networkManta Network (MANTA) $ 1.57
  • corgiaiCorgiAI (CORGIAI) $ 0.001133
  • stader-ethxStader ETHx (ETHX) $ 3,178.76
  • ether-fiEther.fi (ETHFI) $ 3.40
  • qtumQtum (QTUM) $ 3.69
  • compound-governance-tokenCompound (COMP) $ 56.28
  • skaleSKALE (SKL) $ 0.074790
  • zetachainZetaChain (ZETA) $ 1.63

TaxBit Layoffs 40% Of Workforce After $130M Valuation Boost

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TaxBit Layoffs 40% Of Workforce After $130M Valuation Boost

The Utah-based company provides tax and compliance software services to cryptocurrency holders. The company had previously reduced staff by approximately 15% last year.

The crypto industry has been hit with an economic downturn, and U.S. regulators have increasingly pursued lawsuits against crypto exchanges and other startups for alleged securities violations. The US Securities and Exchange Commission (SEC) accused two major cryptocurrency platforms of violating regulations.

TaxBit Layoffs 40% Of Workforce After $130M Valuation Boost

On Monday, the SEC charged Binance and its founder with 13 offenses related to operating a “web of deception.” The following day, Coinbase was accused of operating as an “unregistered broker, exchange and clearing agency,” putting customers at risk.

On Thursday, the same day that CEO and co-founder Austin Woodward stepped down, TaxBit informed employees about the layoffs. The spokesperson for the company stated that the decision was made to focus on expanding in the U.K. and EU. Lindsey Argalas, a former executive from Intuit, has replaced Woodward as TaxBit’s chief operating officer.

While the news of the layoffs is unfortunate, TaxBit remains a significant player in the cryptocurrency tax and compliance software market. As the market continues to evolve, it will be interesting to see how TaxBit adapts to these changes and positions itself for future growth.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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