Coinbase chief Brian Armstrong has hinted that the spectacular implosion of Sam Bankman-Fried’s rival exchange FTX last year proves that his company has chosen the right strategy for long-term success...
Tag: Coinbase
Coinbase announces another fresh round of layoffs
Coinbase will be firing 950 employees in order to reduce its operating expenses The exchange made a similar move in November 2022 and June 2022 Coinbase, one of the largest crypto exchanges in America...
Coinbase pops 7% after job cuts; Needham says buy
Coinbase jumped 7% after saying it would cut staff, with Needham calling it “necessary” and holding onto its buy rating. The exchange is cutting 950 employees, which should reduce o...
Coinbase to lay off another 20% of its workforce
Coinbase Global Inc (NASDAQ: COIN) has announced it will cut jobs again as it bids to minimise costs after a brutal crypto winter. Brian Armstrong, the co-founder and CEO of Coinbase, said in a blog a...
Bitcoin steady around $17,250 as altcoins dip, Coinbase jumps on job cuts
Bitcoin and ether held onto gains as altcoins traded lower, while traditional markets rose modestly. Coinbase popped following its latest layoff announcement. Bitcoin was trading around $17,270...
Coinbase to lay off another 950 employees; How will COIN stock react?
Amid the chaos that has engulfed the entire cryptocurrency industry, from which it has only recently started to recover, more trouble is ahead of the crypto trading platform Coinbase as its employees ...
Coinbase Dismisses 950 People Citing Current Economic Climate
The US-based cryptocurrency exchange Coinbase will reduce its workforce by around 950 people. The firm had previously laid off 18% of its employees due to adverse macroeconomic conditions. Brian Armst...
Coinbase shares dip in pre-market following layoff announcement
Coinbase shares dipped during pre-market trading following the firm’s decision to cut 950 staff. Shares in the crypto exchange fell 3.1% in the early session, trading around $37 by 8 a.m.,...
Coinbase to cut 20% of staff in latest round of layoffs
Coinbase has implemented another round of layoffs, affecting 950 employees and reducing its operating expenses by 25%. After examining the firm’s prospects for 2023, Coinbase CEO Brian Arm...
ENS Partnered with Coinbase, Find out The Details
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Coinbase, MicroStrategy and Other Crypto Stocks Fly. Why Gains Could Continue.
Shares in companies exposed to the cryptocurrency space tore higher on Monday. Many of these stocks are beaten down and widely bet against by traders, which means that gains could be accelerated throu...
Cathie Wood’s ARK enters 2023 with $5.7M Coinbase stock purchase
Cathie Wood, veteran investor and CEO of ARK Invest, remains bullish on the cryptocurrency industry and centralized exchanges (CEX) despite the bear market and the crypto crisis. Wood’s investment man...
Coinbase Stock Price Jumps 12% Following $100M NYDSF Settlement
Coinbase’s stock jumped Wednesday following news that the cryptocurrency exchange had reached a $100 million settlement with the New York Department of Financial Services. Nasdaq Composite-listed COI...
Coinbase’s $100M Settlement With NY Regulator Pumps Stock 7%
Coinbase stock climbed 7% Wednesday morning following news that the exchange has agreed to settle for $100 million with New York regulators in response to anti-money laundering and compliance violatio...
Coinbase and ENS partner to provide cb.id usernames for free
Coinbase and ENS, short for Ethereum Name Service, have entered into a partnership to provide Web3 usernames to its users for free. These usernames are managed by Coinbase. They can be claimed through...
Coinbase Will Pay $50M Fine to New York Regulator to Settle Background Check Charges
“Today Coinbase and NYDFS have come to an agreement to settle a NYDFS investigation, disclosed in our 2021 annual 10K filing, into our historical compliance program,” wrote Paul Grewal, Co...
‘COIN’ Is Available Free for Amazon Prime Subscribers: Coinbase CEO
Brian Armstrong announced that the documentary “COIN” will be available free to Amazon Prime subscribers. “COIN” will provide an exclusive insight into Coinbase’s foundation. The documentary on the cr...
Coinbase agrees to a $100M Settlement: for AML and KYC violation
Coinbase agreed to pay NYDFS a $100 M settlement. $50 M will be fine, and $50 M will go towards AML background checks. The company is alleged to have opened accounts without proper background checks...
Analysts at Cowen Downgrade Coinbase (COIN) Stock
6 hours ago | 2 mins read Exchange News The price of COIN dropped by 8% at the time of writing, and it is now trading at $34.32. The experts have lowered their price prediction for COIN from $75 to $3...
Coinbase shares drop 10% as Cowen downgrades stock and slashes price target
Coinbase shares fell shortly after the open as Cowen analysts downgraded the stock and cut their price target, citing dwindling retail volumes, lower revenue expectations and a harsh regulatory enviro...
Coinbase Settles US Compliance Shortcomings With $100 Million Fine ⋆ ZyCrypto
Advertisement     US largest crypto trading platform, Coinbase, has agreed to part a total sum of $100 million towards settling its compliance worries with US financia...
Coinbase Reaches $100 Million Settlement with New York Regulator Over Compliance Programs
The New York Department of Financial Services said Wednesday it had reached a $100 million settlement with Coinbase over issues regarding the company’s compliance programs. Coinbase, the largest crypt...
$1 billion inflows Coinbase (COIN) market cap as it settles with NY regulators
The stock of cryptocurrency exchange Coinbase (NASDAQ: COIN) rallied 12% on Wednesday, January 4, with the equity attracting increased buying pressure. In particular, as of January 5, Coinbase had a ...
Coinbase Agrees Settlement of $100 Million to NYSD Financial Services
Exchange News The exchange was found to be in breach of anti-money laundering laws. Coinbase must also spend $50 million on a compliance programme. An agreement has been reached between the New York S...
Coinbase agrees to $100M settlement with NY regulator
The New York State Department of Financial Services, or NYDFS, has reached an agreement with Coinbase following an investigation into the cryptocurrency exchange’s compliance program. In a Jan. 4 anno...
Coinbase & NYDFS to settle compliance investigation
The New York Department of Financial Services (NYDFS) has officially announced a consent order in which it will engage its efforts in unraveling factors supposedly overlooked in the case of the compli...
Coinbase Reaches $100 Million Settlement With New York Regulator
Brian Armstrong-led cryptocurrency exchange Coinbase has reached a $100 million settlement with New York’s Department of Financial Services (DFS), according to statements released by both parties. Fo...
Coinbase Agrees to $100 Million Settlement With New York Financial Regulator for Anti-Money Laundering Violations – Bitcoin News
Coinbase has agreed to pay a $100 million settlement with the New York Department of Financial Services (NYDFS), according to a consent order signed by the NYDFS superintendent Adrienne Harris on Jan....
Coinbase (COIN) Rallies on $100 Million Settlement News
Alex Dovbnya Coinbase stock surged after exchange reached settlement with US regulators Coinbase, a publicly traded U.S.-based cryptocurrency trading exchange, has agreed to pay a $50 million penalty ...