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The Latest Breaking News from Coinbase

Cathie Wood Watch: Ark Snaps Up Battered Shares of Tesla, Coinbase

Wood's flagship Ark Innovation ETF has lost 63% year to date and has tumbled 78% from its February 2021 peak.

The Street

Explainer: cryptocurrency and cryptocurrency exchanges

Almost all cryptocurrencies have declined significantly this year but this doesn’t seem to be putting people off, writes Alex Sims

Newsroom.co.nz

Dow Jones Rallies; Elon Musk Loses This Title As Tesla Tumbles; Bitcoin Up Amid Sam Bankman-Fried Arrest

The Dow Jones moved higher. Tesla CEO Elon Musk lost a famous title. Bitcoin rose after the Sam Bankman-Fried arrest. Moderna stock jumped.

Investors Business Daily

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These Louisiana Inmates Served Their Sentences, but the State Wouldn't Let Them Go

Plus: A potential fusion energy breakthrough, the possible return of the child tax credit, and more...

Reason

Laird could sell off Scottish nudist beach after losing £130k in crypto 'scam'

A LAIRD who lost £130,000 in a cryptocurrency investment has warned he may have to sell off parts of his estate.

The National (Scotland)

Scots laird who owns nudist beach to sell off parts of estate after £130k loss in crypto scam

Michael Dudgeon, who owns Scotland's most northerly nudist beach, claims he lost tens of thousands in a crypto scam.

Daily Record

Governments Scramble To Manage, Regulate, and Throttle Crypto

Most dangerously of all, they're starting to make their own central bank digital currencies.

Reason

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Coinbase tells customers to switch to stablecoin it cofounded—without fees

The company implied that the fallout of FTX put “some stablecoins to the test.”

Fortune

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

Overshadowed by failures, crypto hacking exacts higher price

The cryptocurrency industry is circling the wagons in defense as hackers siphon more money from the sector each year.

Tribune News Service

Overshadowed by failures, crypto hacking exacts higher price - Roll Call

The cryptocurrency business is losing more money to hackers, losses that have been overshadowed by the high-profile failures in the sector.

Roll Call

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

FTX Wreck Still On Fire: "It's Stolen Customer Money ... Plain And Simple"

Don't buy in to Sam Bankman-Fried's media apology tour after the collapse of FTX, experts say. "It's stolen customer money," Coinbase CEO says.

Investors Business Daily

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

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Fortune

Why crypto poses a threat to Apple's payments empire

Apple has every incentive to smother crypto in its crib.

Fortune

Coinbase says Apple is demanding 30% cut of NFT gas fees before wallet update

Apple’s decision could make it difficult for iPhone users to send NFTs between wallets, according to Coinbase.

The Street

After Twitter Fight, Apple Blocks Coinbase Wallet Release on App Store

The controversy emerges at a time when Apple's App Store policies are under fire from CEOs of other major technology companies.

Fortune

If you own Bitcoin Cash, XRP, or Etherium Classic on Coinbase, here’s what to do now

Should you cash out? Are your coins still worth anything? Here are your options.

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Fortune

Kraken to lay off 30% of employees

The crypto exchange joins Coinbase, Crypto.com, and Gemini in announcing layoffs this year.

Fortune

Coinbase says goodbye to XRP, Bitcoin Cash, and Ethereum Classic

Fortune

Andreessen Horowitz, FTX, and the future of crypto

Unlike fellow Silicon Valley giant Sequoia, a16z did not get tarnished by FTX's collapse.

Investors Business Daily

Coinbase's Conundrum: This Bear Put Spread Bets On Further Weakness

A bear put spread on Coinbase could net more than $1,000 if the stock falls below 30.

Investors Business Daily

FTX Assets Missing, Stolen; This Fund Sees Bitcoin At $1 Million

FTX lawyers say a substantial amount of assets are missing or stolen in latest bankruptcy proceedings; Cathie Wood still sees Bitcoin at $1 million

Fortune

Andreessen Horowitz conquered venture capital without breaking a sweat. Gobbling up the rest of the world won’t be so easy

A16z is betting its startup growth recipe can launch its own business far beyond Silicon Valley. Can its ambitions defy a tanking tech market?

ABC News

Satyajit Das believes crypto boom and bust is just part of 'every bubble being pricked' in wider market sell-off

One of the few financiers who sounded a warning bell before the global financial crisis believes today's cryptocurrency "meltdown" was predictable, and that "nobody is taking much notice" of a broader financial market problem.

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