• bitcoinBitcoin (BTC) $ 97,903.00
  • ethereumEthereum (ETH) $ 2,731.53
  • xrpXRP (XRP) $ 2.81
  • tetherTether (USDT) $ 1.00
  • solanaSolana (SOL) $ 200.03
  • bnbBNB (BNB) $ 661.20
  • usd-coinUSDC (USDC) $ 0.999996
  • dogecoinDogecoin (DOGE) $ 0.277197
  • cardanoCardano (ADA) $ 0.810127
  • staked-etherLido Staked Ether (STETH) $ 2,728.98
  • tronTRON (TRX) $ 0.232580
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 97,805.00
  • chainlinkChainlink (LINK) $ 19.58
  • suiSui (SUI) $ 3.59
  • avalanche-2Avalanche (AVAX) $ 26.83
  • stellarStellar (XLM) $ 0.358455
  • wrapped-stethWrapped stETH (WSTETH) $ 3,252.36
  • shiba-inuShiba Inu (SHIB) $ 0.000017
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  • litecoinLitecoin (LTC) $ 128.50
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  • leo-tokenLEO Token (LEO) $ 9.83
  • hyperliquidHyperliquid (HYPE) $ 26.62
  • usdsUSDS (USDS) $ 1.00
  • wethWETH (WETH) $ 2,729.77
  • polkadotPolkadot (DOT) $ 5.21
  • mantra-daoMANTRA (OM) $ 7.12
  • bitcoin-cashBitcoin Cash (BCH) $ 344.92
  • bitget-tokenBitget Token (BGB) $ 5.47
  • uniswapUniswap (UNI) $ 10.10
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • wrapped-eethWrapped eETH (WEETH) $ 2,891.07
  • official-trumpOfficial Trump (TRUMP) $ 21.91
  • pepePepe (PEPE) $ 0.000010
  • moneroMonero (XMR) $ 230.28
  • nearNEAR Protocol (NEAR) $ 3.56
  • ondo-financeOndo (ONDO) $ 1.33
  • aaveAave (AAVE) $ 262.62
  • whitebitWhiteBIT Coin (WBT) $ 27.08
  • aptosAptos (APT) $ 6.14
  • mantleMantle (MNT) $ 1.05
  • internet-computerInternet Computer (ICP) $ 7.30
  • daiDai (DAI) $ 0.999829
  • susdssUSDS (SUSDS) $ 1.04
  • bittensorBittensor (TAO) $ 392.86
  • ethereum-classicEthereum Classic (ETC) $ 21.48
  • okbOKB (OKB) $ 51.77
  • gatechain-tokenGate (GT) $ 23.69
  • vechainVeChain (VET) $ 0.035731
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.326154
  • kaspaKaspa (KAS) $ 0.107461
  • algorandAlgorand (ALGO) $ 0.300708
  • jupiter-exchange-solanaJupiter (JUP) $ 0.958409
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 97,975.00
  • crypto-com-chainCronos (CRO) $ 0.091683
  • render-tokenRender (RENDER) $ 4.78
  • tokenize-xchangeTokenize Xchange (TKX) $ 30.15
  • filecoinFilecoin (FIL) $ 3.55
  • cosmosCosmos Hub (ATOM) $ 5.02
  • arbitrumArbitrum (ARB) $ 0.498558
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.809926
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.999409
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 98,004.00
  • sonic-3Sonic (prev. FTM) (S) $ 0.553828
  • celestiaCelestia (TIA) $ 3.21
  • fasttokenFasttoken (FTN) $ 3.94
  • lido-daoLido DAO (LDO) $ 1.87
  • raydiumRaydium (RAY) $ 5.70
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,726.24
  • binance-staked-solBinance Staked SOL (BNSOL) $ 206.50
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,827.57
  • optimismOptimism (OP) $ 1.16
  • xdce-crowd-saleXDC Network (XDC) $ 0.099290
  • ethenaEthena (ENA) $ 0.485015
  • kucoin-sharesKuCoin (KCS) $ 12.29
  • injective-protocolInjective (INJ) $ 15.32
  • blockstackStacks (STX) $ 0.989050
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 97,494.00
  • bonkBonk (BONK) $ 0.000019
  • immutable-xImmutable (IMX) $ 0.823033
  • theta-tokenTheta Network (THETA) $ 1.43
  • movementMovement (MOVE) $ 0.594563
  • the-graphThe Graph (GRT) $ 0.143998
  • nexoNEXO (NEXO) $ 1.37
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,059.48
  • worldcoin-wldWorldcoin (WLD) $ 1.30
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,882.05
  • flare-networksFlare (FLR) $ 0.021562
  • usual-usdUsual USD (USD0) $ 0.997779
  • sei-networkSei (SEI) $ 0.244522
  • jasmycoinJasmyCoin (JASMY) $ 0.023339
  • galaGALA (GALA) $ 0.024510
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 96,933.00
  • dexeDeXe (DEXE) $ 17.97
  • eosEOS (EOS) $ 0.673246
  • the-sandboxThe Sandbox (SAND) $ 0.410497
  • msolMarinade Staked SOL (MSOL) $ 252.83
  • flokiFLOKI (FLOKI) $ 0.000101
  • jito-governance-tokenJito (JTO) $ 3.24
  • tezosTezos (XTZ) $ 0.916885
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.42
  • ethereum-name-serviceEthereum Name Service (ENS) $ 27.60
  • iotaIOTA (IOTA) $ 0.248635
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,828.01
  • bittorrentBitTorrent (BTT) $ 0.00000088
  • makerMaker (MKR) $ 1,012.79
  • pyth-networkPyth Network (PYTH) $ 0.231166
  • flowFlow (FLOW) $ 0.533626
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 216.91
  • wbnbWrapped BNB (WBNB) $ 660.04
  • telcoinTelcoin (TEL) $ 0.010514
  • neoNEO (NEO) $ 11.54
  • bitcoin-svBitcoin SV (BSV) $ 40.15
  • roninRonin (RON) $ 1.27
  • kaiaKaia (KAIA) $ 0.134465
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 97,505.00
  • spx6900SPX6900 (SPX) $ 0.810222
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.49
  • usddUSDD (USDD) $ 1.00
  • chain-2Onyxcoin (XCN) $ 0.022326
  • dogwifcoindogwifhat (WIF) $ 0.724218
  • axie-infinityAxie Infinity (AXS) $ 4.56
  • tether-goldTether Gold (XAUT) $ 2,887.31
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.276647
  • heliumHelium (HNT) $ 3.97
  • curve-dao-tokenCurve DAO (CRV) $ 0.530491
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.010835
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,883.01
  • aerodrome-financeAerodrome Finance (AERO) $ 0.853047
  • elrond-erd-2MultiversX (EGLD) $ 23.51
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,729.94
  • decentralandDecentraland (MANA) $ 0.341622
  • berachain-beraBerachain (BERA) $ 5.91
  • arweaveArweave (AR) $ 9.69
  • fraxFrax (FRAX) $ 0.996948
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • usdx-money-usdxusdx.money USDX (USDX) $ 0.999194
  • starknetStarknet (STRK) $ 0.240045
  • pendlePendle (PENDLE) $ 3.71
  • pax-goldPAX Gold (PAXG) $ 2,911.43
  • dydx-chaindYdX (DYDX) $ 0.818666
  • conflux-tokenConflux (CFX) $ 0.121257
  • beam-2Beam (BEAM) $ 0.011280
  • matic-networkPolygon (MATIC) $ 0.326069
  • chilizChiliz (CHZ) $ 0.061513
  • resolv-usrResolv USR (USR) $ 1.00
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,730.04
  • pumpbtcpumpBTC (PUMPBTC) $ 94,983.00
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,724.03
  • coredaoorgCore (CORE) $ 0.557873
  • insurance-2INSURANCE (INSURANCE) $ 29.09
  • apecoinApeCoin (APE) $ 0.748558
  • aioz-networkAIOZ Network (AIOZ) $ 0.468792
  • meowMEOW (MEOW) $ 0.005975
  • ecasheCash (XEC) $ 0.000027
  • wormholeWormhole (W) $ 0.185597
  • ai16zai16z (AI16Z) $ 0.481784
  • zcashZcash (ZEC) $ 33.26
  • kavaKava (KAVA) $ 0.486239
  • beldexBeldex (BDX) $ 0.075164
  • compound-governance-tokenCompound (COMP) $ 58.40
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008999
  • newton-projectAB DAO (AB) $ 0.011108
  • true-usdTrueUSD (TUSD) $ 0.998855
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 97,641.00
  • amp-tokenAmp (AMP) $ 0.005821
  • clbtcclBTC (CLBTC) $ 97,560.00
  • morphoMorpho (MORPHO) $ 2.17
  • thorchainTHORChain (RUNE) $ 1.38
  • fartcoinFartcoin (FARTCOIN) $ 0.484454
  • akash-networkAkash Network (AKT) $ 1.93
  • story-2Story (IP) $ 1.87
  • based-brettBrett (BRETT) $ 0.046965
  • gnosisGnosis (GNO) $ 176.78
  • axelarAxelar (AXL) $ 0.499291
  • tbtctBTC (TBTC) $ 97,720.00
  • quantixaiQuantixAI (QAI) $ 85.57
  • grassGrass (GRASS) $ 1.82
  • mina-protocolMina Protocol (MINA) $ 0.364085
  • stakestone-berachain-vault-tokenStakeStone Berachain Vault Token (BERASTONE) $ 2,714.38
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000080
  • chex-tokenCHEX Token (CHEX) $ 0.438996
  • apenftAPENFT (NFT) $ 0.00000044
  • deepDeepBook (DEEP) $ 0.171782
  • eigenlayerEigenlayer (EIGEN) $ 1.75
  • olympusOlympus (OHM) $ 25.90
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 1.00
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.01
  • zksyncZKsync (ZK) $ 0.111810
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 2,974.58
  • super-oethSuper OETH (SUPEROETHB) $ 2,730.72
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • usdbUSDB (USDB) $ 1.01
  • hashnote-usycHashnote USYC (USYC) $ 1.08
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 2,730.71
  • verus-coinVerus (VRSC) $ 5.00
  • 1inch1inch (1INCH) $ 0.272357
  • echelon-primeEchelon Prime (PRIME) $ 6.95
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.08
  • stader-ethxStader ETHx (ETHX) $ 2,872.62

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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