Coinbase is cutting an additional 950 staff as part of cost-saving measures that will see its operational expenses shrink by a quarter. The move was announced by CEO Brian Armstrong in a Tuesday morni...
Tag: Coinbase
Cathie Wood’s ARK Adds Nearly $3.3M Shares of Coinbase
ARK has added 74,792 shares of Coinbase (COIN) to the ARK Innovation ETF (ARKK), according to an investor email on Thursday. The shares purchased were worth around $3.28 million, based on CoinbaseR...
Cathie Wood’s ARK buys 74,792 more Coinbase shares
Cathie Wood’s ARK has made a second purchase of Coinbase Global Inc (NASDAQ: COIN) shares in a week as the exchange’s stock continues to rally since the beginning of 2023. In this second purchase, ARK...
Ark Invest Yet Again Buys Coinbase Shares Worth $1.45M
In two of its funds (ARKW and ARKF), Ark purchased 172,276 Coinbase shares on Jan 5. Ark Invest, had bought an additional 33,756 shares of Coinbase on Tuesday. An email sent to investors on Tuesday re...
Coinbase to close majority of Japan operations following global layoffs: Report
Crypto exchange Coinbase will be closing down most of its operations in Japan as part of its efforts to survive in the bear market. The move is part of the company’s restructuring plan and follows the...
Coinbase faces another blow as it winds down most Japanese operations
Coinbase is winding down the majority of its operations in Japan. A few employees are being retained to ensure the safety of customer assets. American crypto exchange Coinbase Inc. will shut down most...
Coinbase Strikes a Massive Blow to Bankman-Fried and FTX
Coinbase Chief Executive Brian Armstrong does not mince words. Nearly two months after rival Sam Bankman-Fried’s empire went bankrupt, he’s just delivered a massive blow to what until rec...
Coinbase: Assessing the state of the exchange’s forgotten NFT marketplace
The sales volume of the Coinbase NFT marketplace has been underwhelming since it was launched. So far this year, there has been an increase in NFT trading activity. Since its debut in May 2022, Coin...
Coinbase To Wind Up Operations In Japan Following Crypto Winter?
Coinbase Global Inc has decided to cut down its employees in Japan, citing the reason of extreme market conditions, as a part of laying off 20% of the global workforce. The spokesperson for Japan’s Co...
Coinbase to wind down Japanese operations amid global staff cuts
Coinbase is closing down a majority of its operations in Japan and laying off staff located there, according to Bloomberg News. On Jan. 11, Coinbase’s Vice President for Business Development, Nana Mur...
Coinbase continues with layoffs – The Cryptonomist
Coinbase is continuing with its company cutbacks, announcing the layoff of another 950 people from its team. This was publicly announced by the CEO and co-founder of the crypto platform, Brian Armstr...
CarMax, Salesforce, Coinbase and more
Check out the companies making headlines in premarket trading. CarMax — Shares of the used car seller slid 4.8% after JPMorgan downgraded them to underweight, saying investors aren’t fully prici...
Tom Brady, & Coinbase Among The Major FTX Shareholders
The FTX collapse in 2022 has brought down many companies and individuals who were in relation with the company. The firm filed for Chapter 11 bankruptcy in November 2022 after which its founder and CE...
Coinbase Institutional Business Thrives Despite Over 2000 Layoffs
Coinbase‘s custody business flourishes as the bear market causes it to lay off 950 staff as a cost-cutting measure. CEO Brian Armstrong announced that the exchange will reduce its headcount by a furth...
Brother of Former Coinbase Employee Convicted For Insider Trading
2 hours ago | 2 mins read Exchange News Wahi was handed a 10-month jail term in an order issued by U.S. District Judge. The U.S. government claims that the three of them stole $1.1 million. The brothe...
Coinbase Slashes 20% of Staff in the Third Round of Layoff
In its third round of layoff, Coinbase slashes 950 employees. This is to tackle economic conditions that affected the industry in the bear market. Coinbase will close projects that have a lower probab...
Former Coinbase manager’s brother jailed for insider trading
The brother of a former Coinbase manager, Nikhil Wahi, was sentenced to 10 months in prison on Jan. 10 for making trades based on confidential Coinbase information he acquired from his brother, Reuter...
Brother of Former Coinbase Manager Sentenced to 10 Months in Prison
Nikhil Wahi – brother to former Coinbase product manager Ishan Wahi – has been sentenced to 10 months in prison following his guilty plea to leveraging his familial connection for insider trading of c...
Coinbase: Man sentenced to prison over first crypto insider trading case
The brother of a former Coinbase manager has been sentenced to prison for cryptocurrency insider trading The individual was charged with committing the crime in July 2022 alongside two other individua...
Coinbase to cut another 20% of its workforce in second wave of layoffs
Major cryptocurrency exchange Coinbase is starting 2023 with more layoffs, letting go of another 20% of its employees in a second major wave of layoffs. Coinbase CEO Brian Armstrong officially announc...
Bankruptcy Filing Reveals Tom Brady, Kevin O’Leary, and Coinbase Among Major FTX Creditors
Football star Tom Brady, companies under the control of New England Patriots Robert Kraft, and crypto firms Blackrock, Coinbase, Lightspeed Venture Partners, Pantera Ventures, and Tezos Foundation are...
Coinbase lays off nearly 1000 jobs in second cut in…
Coinbase has announced that it will lay off around 950 staff in a bid to cut costs. Coinbase, one of the largest and most popular cryptocurrency exchanges in the world, has recently announced plans to...
Coinbase CEO Brian Armstrong Announces 20% Additional Layoff
Coinbase CEO Brian Armstrong plans to cut an additional 20% of its workforce in order to manage operating expenses amid the ongoing bear market and FTX contagion. Coinbase slashed 18% of its workforce...
Coinbase to layoff 950 employees in second round of job cuts
Coinbase has announced it will cut another 950 employees, adding to the 1,100 who were laid off in June 2022 due to the deteriorating crypto market. 950 more employees on Coinbase’s chopping block Ac...
Coinbase Announces Additional 20% Layoff Amid Sluggish Market
7 hours ago | 2 mins read Exchange News The new move will result in the loss of an additional 950 workers. Coinbase also has plans to end some low-probability initiatives. Amid the continued bear mar...
Coinbase Lays Off Nearly 1,000 Employees, CEO Brian Armstrong Cites Crypto Bear Market Plus Economic Downturn
The largest US-based crypto exchange by volume is cutting its workforce to help survive the prolonged crypto bear market. In a new blog post, Coinbase CEO and co-founder Brian Armstrong announced the ...
Coinbase Continues Staff Layoffs Citing ‘Ongoing Market Conditions’ ⋆ ZyCrypto
Advertisement     Coinbase announced Tuesday that it plans to lay off 950 staff members, about 20% of its workforce, to reduce costs – according to an internal memo. T...
Coinbase lays off 950 employees
Coinbase, the largest cryptocurrency exchange in the U.S., announced a major restructuring plan that will help it weather the broader crypto market downturn. Brian Armstrong, the exchange’s CEO, annou...
Bed Bath & Beyond, Coinbase, Virgin Orbit and more
Virgin Orbit’s LauncherOne rocket on display in Times Square, New York. CNBC | Michael Sheetz Check out the companies making the biggest moves midday: Virgin Orbit — The satellite launch service...
Is Coinbase stock a ‘buy’ after announcing second round of layoffs?
Coinbase Global Inc (NASDAQ: COIN), on Tuesday, announced its second round of layoffs to cut costs in the midst of the ongoing crypto market downturn. Shares are trading slightly up this morning. Coin...
Crypto Winter Gets Chillier: Coinbase Cuts 1,000 Positions
Crypto exchange Coinbase (COIN) is letting go of about 1,000 employees as part of a critical strategy to weather down the crypto winter. According to a report from Reuters, this is the company’s third...