Coinbase lays off 18 of workforce as executives prepare for recession and crypto winter. Well, i hope you were already preparing for it because i would strongly argue we've been in it. I mean bitcoin hit 69 000 in november. We've we're at quite a bit of a sell-off ever since then coinbase will cut 18 of full-time jobs according to an email sent to employees on tuesday, ceo brian armstrong pointed to a possible recession, a need to manage costs and growing too quickly during a bull market.

We appear to be entering recession after a 10 plus year. Economic boom armstrong says, while it's hard to predict the economy or the market, we always plan for the worst. So we can operate the business through any environment, so obviously this 18 of employees, i feel for them. 100.

I feel for you and your crypto portfolio, but the one thing i want to really bring up with this, because i don't want this to be forgotten. There's a lot of concern if coinbase has liquidity issues and fingers crossed like let's hope they don't get to the world of solvency issues in the most recent 10q filing if coinbase gets to the point of bankruptcy. There's a lot of question marks around of who owns what who has custody and in a bankruptcy could they sell the coins that you have stored with them like? Is it technically theirs and obviously the ceo brian armstrong says no way jose, but other people are like dude? Why does your 10k say this? There's just my point in bringing this up to. You is there's a lot of question marks and it's more so of why take the risk remember the safest thing you can do is, if you don't have the keys, not your keys, not your coin, so you could always take it off, exchange and store it on Your own wallet, and then you have don't have to worry about losing your crypto as long as you have your password and your combination and all that stuff, you are good to go and, and things like that, i feel like the duties on me to remind people About this that we're seeing crazy stuff in the world of crypto right now, i will be talking about celsius, but man, oh man, you got ta, protect yourself.