Coinbase’s hiring freeze shatters crypto hopefuls’ career plans

Along with the plunge in crypto prices, shares of Coinbase have gone from one of the stock market’s most hotly anticipated debuts to one of its most spectacular crashes in a little more than a year. — Bloomberg

Coinbase Global Inc was seen as a gateway to a promising career in cryptocurrencies. Now would-be hires who’ve had their offers rescinded are racing to make alternative arrangements after the company’s abrupt halt on expanding its ranks.

A computer science grad in Illinois regrets giving up his PhD offer. A slew of foreign workers are facing deadlines to find sponsors for their work visas. Some are even rethinking the decision to join the crypto industry after experiencing its brutal boom-and-bust cycles first hand.