TaxBit, an encrypted currency tax software company, has laid off nearly 40% of its staff.

[encrypted currency tax software company TaxBit has laid off nearly 40%] according to the US technology media The Information, people familiar with the matter and company spokesman said that encrypted currency tax software company TaxBit has laid off 80 people, accounting for nearly 40% of the total workforce. Taxbit was valued at nearly $1.5 billion after raising money from venture capitalists, Tiger Global and other institutions during the cryptocurrency boom.