It seems that bitcoin’s run-up has some staying power, with its price holding steady this week at about $8,000. But that doesn’t mean all crypto companies are fully back on their feet. Circle confirmed Tuesday that it was laying off about 10% of its staff, citing new market conditions and an unfavorable regulatory environment for crypto in the U.S.
While some crypto companies clearly never recovered from last year’s plunge in prices, other businesses continue to explore what their role is in the developing sector. Below, we take an exclusive look at efforts by Morningstar Credit Ratings to accommodate tokenized securities. We also have the details on a previously unreported funding round by Dolomite, a decentralized exchange set to launch this summer.