[CRYPTO]■ STORY TIMELINE
KRAKEN PARENT CUTS STAFF AS EARNINGS PLUNGE
Payward, the company operating crypto exchange Kraken, reported a significant drop in first-quarter adjusted earnings and has begun laying off staff to control costs. The exchange may also delay its initial public offering.
Bloomberg Tech+0m
Bloomberg's Olga Kharif joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Kraken has cut some staff to reduce cos…