Bitcoin trading and banking company New York Digital Investment Group LLC (Nydig) has reduced its work force by about 110 people or a third of its work force, The Wall Street Journal reported Friday. The move comes after the company on Oct. 3 named Tejas Shah as its new CEO. In December, Nydig raised $1 billion in capital at a valuation of $7 billion. Stone Ridge Holdings Group is the parent of Nydig.
DE 40 forecast: the trend has shifted to downward
The DE 40 stock index reached a new all-time high but has since entered a downtrend. The DE 40 forecast for today is negative. DE