Why some crypto firms are still hiring, as Coinbase slashes jobs

Coinbase (Nasdaq: COIN) announced Tuesday it would be cutting 18% of its staff just days after announcing a hiring freeze and rescinding offers to prospective employees.  The move mirrors an overall downturn in the crypto sector with prices of major digital assets like Bitcoin and Ethereum cratering and large platforms encountering major liquidity issues and freezing withdrawals.  Other crypto exchanges BlockFi and Crypto.com, the company with the attention-grabbing Super Bowl commercial starring…