According to Swan Bitcoin CEO Cory Klippsten, “it just doesn’t feel like the right time for a festival” after the firm announced staff cuts in July.
Financial services firm Swan Bitcoin has canceled a cryptocurrency conference it planned to host in California in October.
In an Aug. 5 X post, Swan Bitcoin CEO Cory Klippsten announced that the company would not hold the Pacific Bitcoin Festival in 2024. The event, initially planned to be held in Santa Monica, California, from Oct. 18 to Oct. 19, was roughly two months away at the time of cancellation.
“We’re fully focused on [Swan Bitcoin’s] core business right now, and after going through a staff reduction last month it just doesn’t feel like the right time for a festival,” said Klippsten.
