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- A very crucial time ahead for Bitcoin Halving as the Bitcoin.com is ready to work on a skeleton framework.
- A lot of opinions leading up to the Bitcoin halving like what will be the outcome if the price doesn’t recover.
- Although, Bitcoin.com is not only the company cutting its cost there are some other market players who are dealing under the same scenario.
A very crucial time ahead for Bitcoin Halving as the Bitcoin.com is ready to work on a skeleton framework. The platform has allegedly fired 50% of its staff. This decision was taken just five days before the halving.
The miners started to migrate from Bitcoin Cash to mine BTC
A lot of opinions leading up to the Bitcoin halving like what will be the outcome if the price doesn’t recover. After a vicious sell-off last month that bashed all the markets, the bitcoin network adjusted its mining difficulty from 16.55TN to 13.91TN on March 26.
Instead of this, many miners started to migrate from Bitcoin Cash to mine BTC. It looks that the miner surrendering from its network has affected BCH severely. Its price might be similar recovery currently with the leading cryptocurrency, but its makers and supporters are not signaling out very bullish signs.
Bitcoin has almost cut down half of its team
A professional tech network Candor enlisting the companies that are either locking their recruitments due to COVID-19 pandemic or that have actively made their staff jobless. According to its report, Bitcoin.com is not only freezing or hiring but it has actually cut down almost half of its team.
Tough times for CEO of $BCH, @rogerkver.
CEO of Bitcoincom left, they're going for a "leaner" approach but according to a report on https://t.co/Sh1m9AaQIB they've fired 50% of the staff.
Lets hope that he is forced to sell the bitcoin domain that he's using to scam people soon. pic.twitter.com/CLK0HdRz5l— WhalePanda (@WhalePanda) April 3, 2020
While going through various social media resources it has been confirmed that number of staff axed are accurate.
Although, Bitcoin.com is not only the company cutting its cost there are some other market players who are in dealing under the same scenario. Bitfury is also permitting employees to go while Ripple has recently forced a hiring freeze.
However, a decline of such extent doesn’t sound well for any company. Bitcoin Cash might be bigger than bigger Bitcoin.com and almost larger than Roger Ver, but the miners are looking for a safer camp before the BCH halving; the future of BCH looks a little indefinite.
