According to Bloomberg News, the Middle East cryptocurrency exchange Rain Financial has conducted a round of layoffs, but did not disclose the specific number of layoffs. “We have had to adjust our future plans to ensure we can survive this downturn,” said Rain Financial, which laid off dozens of employees in June due to weak markets. In January of this year, Rain Financial completed a $110 million Series B round of financing led by Paradigm and Kleiner Perkins, with participation from Coinbase Ventures, Global Founders Capital, MEVP, Cadenza Ventures, JIMCO and CMT Digital.