Coinbase says it received 44 requests from authorities in India.

Coinbase says it received 44 requests from authorities in India.

Coinbase's issue with Apple comes at difficult time for the crypto exchange, whose shares are down roughly 80 percent so far this year.

Details about which internal teams from Coinbase have announced the job cuts remain unclear.

Bitcoin value has lingered lower on Thursday as the aftermath of the Federal Reserve interest rate hike subsided with bulls successfully defending support at $20,000 (roughly Rs. 16.55 lakh) while bears have reinforced resistance at $20,550 (roughly Rs. 17 lakh). As things stand, the value of Bitcoin is up by 0.98 percent in the last 24 hours with its price now around the $20,400 (roughly Rs. 16.88 lakh) mark across global exchanges while Indian exchanges like CoinDCX value BTC at $21,295 (roughly Rs. 17.62 lakh), which is 0.44 percent lesser than what the crypto asset was valued on Thursday morning.

The third quarter for this year, that began in July and closed in September, did not really bring good news for top crypto exchanges amid prolonged crypto winter. Coinbase crypto exchange witnessed a substantial dip in its transaction revenues, it revealed in its letter to the shareholders. On the other hand, Robinhood crypto exchange also witnessed a similar result. The popular trading platform recorded a dip in crypto-related revenues on its platform that brought in lesser funds in that expected.