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The Latest Breaking News from Brian Armstrong

Coinbase lays off around 20% of its workforce as crypto downturn continues

This latest round of job cuts, around 950, comes after the company laid off about 1,100 people back in June.

WEKU

Coinbase just announced it was laying off 20% of its staff amid broader cuts in the crypto industry

The company reached a $100 million settlement over compliance violations with regulators last week.

Fortune

Coinbase CEO Brian Armstrong talks FTX, crypto regulation and DeFi

The crypto industry suffered a big black eye, but it isn't going anywhere, Armstrong says.

Axios

From analysis to the latest developments in health,
read the most diverse news in one place.

The incredible shrinking Coinbase: Is a takeover inevitable?

The company's rapidly shrinking revenues and market cap could put it in the sights of a big bank or private equity firm.

Fortune

Coinbase CEO Brian Armstrong says SBF's messy accounting excuse for FTX collapse doesn't explain $8 billion loss: 'Even the most gullible person should not believe Sam's claim that this was an accounting error'

“I don't care how messy your accounting is (or how rich you are)—you're definitely going to notice if you find an extra $8B to spend."

Fortune

Coinbase CEO Brian Armstrong says it’s ‘baffling’ FTX’s Sam Bankman-Fried isn’t ‘in custody already’

“There’s a very open and shut case for fraud,” said Armstrong, adding it’s “bizarrre” the media isn’t calling Bankman-Fried a “criminal.”

Fortune

Bulls And Bears Of The Week: Why Coinbase And FTX Are So Different, Diving Into Zuckerberg's Metaverse And More

Benzinga examined the prospects for many investors' favorite stocks over the last week — here's a look at some of our top stories.

Benzinga

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EXCLUSIVE: Crypto Influencer Says FTX CEO A 'Devil' Trying To 'Permanently Ruin' Crypto, Bankman-Fried Tells Benzinga His Proposal Is Clear Win For DeFi

BitBoy Crypto founder and YouTuber Ben Armstrong pulled no punches as he ranted against the chief executives of Coinbase Global (NASDAQ: COIN) and FTX.

Benzinga

Coinbase pushing pro crypto-lobbying crusade through its app

Brian Armstrong, Coinbase's CEO, announced an update to the brand's mobile app that will inform users on their state politicians' crypto stances.

Input

Coinbase Targeted In Bear Cave Report: Why Increased Competition, Brian Armstrong's Leadership Could Be Bad For Business

Cryptocurrency exchange Coinbase Global (NASDAQ: COIN) is the latest subject of a bearish report from The Bear Cave, a subscription newsletter service that says it exposes “bad companies.” Here’s the highlights of the report.

Benzinga

South Belfast man enters world record books after gruelling challenge

The 41-year-old is now a world record holder, but he isn't finished yet

Belfast Live

Former US Coinbase employee and two others charged with insider trading

Cryptocurrency exchange manager and his brother arrested in Seattle in what is described as the first case of its kind

The Guardian - UK

DeFi Yield Protocol (DYP) Token Rallies 80% After Coinbase 'Experimental' Listing

The native crypto token of DeFi Yield Protocol (CRYPTO: DYP) surged on Tuesday following its listing on Coinbase Global Inc (NASDAQ: COIN).

Benzinga

Bitcoin Crashes to $21,000, Coinbase Lays Off 18 Percent of Work Force

Is crypto winter here?

Reason

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Benzinga

Coinbase To Lay Off 8% Of India Team — But Makes This Key Top-Level Hire

Coinbase Inc (NASDAQ: COIN), which curtailed its Indian operations within three days of opening, has now laid off nearly 8% of its workforce in the country as part of its global cost-cutting strategy.

Bangkok Post

Coinbase to Lay Off 18% of Staff Amid Crypto Meltdown

Further waves of reckoning swept through the cryptocurrency industry on Tuesday, with exchange company Coinbase Global Inc. saying it would cut almost a fifth of its staff and crypto lender Celsius Network LLC hiring a law firm to examine restructuring options.

WEKU

Coinbase lays off 18% of its workforce. The CEO cites an upcoming crypto winter

The company's platform allows people to buy and sell cryptocurrency. It had just gone public last year.

Benzinga

What Is The Price Of Bitcoin Right Now?

The worldwide cryptocurrency market capitalization is at $947.8 billion, up from $943.6 billion on Tuesday morning.

Get all your
news in one place.

100’s of premium titles.
One news app.

Axios

Coinbase lays off 1,100 full-time workers over recession fears

CEO Brian Armstrong said managing costs would be critical with the possibility of recession leading to a crypto winter.

Benzinga

Coffee And Crypto: What's The Price Of Bitcoin Right Now?

The worldwide cryptocurrency market capitalization is at $943.6 billion on Tuesday morning, down from $968 billion just 24 hours ago. Investors are continuing to sell off crypto assets amid heightened inflationary pressures and a looming recession.

Benzinga

'Plan For The Worst So We Can Operate The Business Through Any Environment,' Coinbase CEO Announces 18% Staff Reduction

Cryptocurrency trading platform Coinbase Global (NASDAQ: COIN) announced a restructuring plan and the expectation for job cuts Tuesday morning, sending shares lower. Here are the details.

Benzinga

Coinbase CEO Brian Armstrong Sees Bitcoin To Become A Global Reserve Currency, But These 3 Investors Disagree

Coinbase Global Inc. (NASDAQ: COIN) CEO Brian Armstrong stated his confidence that Bitcoin (CRYPTO: BTC) may become the new global reserve currency for the world.

Benzinga

Coinbase's 'Audacious' India Strategy Deemed A Mistake By Crypto Experts

From suggesting a legal move against RBI in a tweet to calling out the government's "

Benzinga

Why India's Crypto Lobby Won't Legally Challenge Central Bank's Curbs On UPI

Internet & Mobile Association of India (IMAI), a body representing the interests of Indian crypto investors, said that it has no plans to file a legal challenge against the Indian central bank after it restricted the use of UPI for crypto exchanges.

Benzinga

DraftKings CEO Jason Robins Calls For Crypto Centralization, Compares Sector To Early Internet Struggles

The CEO of a sports betting platform that has entered the non-fungible token market is calling for more centralization in the cryptocurrency space.

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