Coinbase Slashes Workforce by 18% to Prepare for 'Extended' Crypto Winter
"It is now clear to me that we over-hired," wrote Coinbase CEO Brian Armstrong in a blog post announcing 1,100 layoffs.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
Coinbase (COIN) Misses Revenue Estimates as Users Fall, Armstrong Sets Up New Share Sales
Bitcoin Magazine Coinbase (COIN) Misses Revenue Estimates as Users Fall, Armstrong Sets Up New Share Sales Coinbase had a mixed th...
Binance Hack: CZ Fires Back at Elon Musk, Cites $1B SpaceX Stake as Coinbase Offers Security Support
The dispute unfolded as Binance worked to contain the October 29 attack, freeze affected assets, and reassure customers that their...
Coinbase Says Prediction Markets Are Now a $200 Million-a-Year Business Despite a Slow Crypto Quarter
Coinbase’s prediction markets business is now bringing in more than $200 million a year on an annualized basis, while the number o...
Coinbase Says Customer Funds Safe After Analytics Vendor Contact-Data Incident
TL;DR: Coinbase said an incident involving analytics provider Amplitude affected contact information associated with a small subse...
Ripple USD Reaches Coinbase as RLUSD Expands Across Three Blockchains
TL;DR: Coinbase confirmed on October 28 that Ripple USD, or RLUSD, is available to eligible users on Coinbase Prime, Coinbase Exch...
Coinbase, Bitcoin Giant Strategy Fall as Binance Hack Rocks Crypto Stocks
Crypto-linked stocks plunged Friday as a multibillion-dollar Binance security breach collided with a broader technology selloff dr...