Down bad – TechCrunch

Welcome back to Chain Reaction. Last week, we talked about layoffs and the Winklevoss rock gods. This week, we’re looking at a new layer of crypto doom and gloom. Get this newsletter in your inbox every Thursday by subscribing on TechCrunch’s newsletter page. crash redux We’ve talked crypto crashes a couple times already in the…

Brex, which started out serving startups, now says it is ‘less suited to meet the needs of smaller customers’ – TechCrunch

Three months after announcing it would make a big push into software and enterprise, fintech giant Brex is apparently abandoning the very segment it started out to serve – small and medium-to-sized businesses. Startup customers report that they got notice they would be booted off the platform on August 15. Brex published a brief explanation…

Crypto exchange Huobi Thailand closing down in July after license revoked – TechCrunch

Huobi Thailand will shut down its exchange permanently on July 1, according to an announcement posted on its website. This marks the exchange’s short-lived ambition in the Southeast Asian country where crypto adoption is flourishing. According to blockchain analysis company Chainalysis, Thailand has one of the world’s highest adoption rates of DeFi, or decentralized financial…