There’s a particular type of corporate ad that tries to play it safe and be two things at once: a show of force on the one hand and an admission of reality on the other. Coinbase appears to have joined the group. The crypto exchange company announced that it will cut approximately 14% of its…
An anonymous Puerto Rico-based crypto whale sued Coinbase this week, accusing the cryptocurrency exchange of failing to release funds stolen from the user in a 2024 hack. Although key details of the lawsuit are redacted, the information contained in the filing about the hack closely resembles a massive exploit in August 2024 in which a…
Coinbase Global (COIN) said Tuesday that it will lay off 700 employees in the coming weeks. The move, which amounts to a 14% reduction in the crypto company’s workforce effective May 1, aims to manage operating expenses “in response to current market conditions” and “optimize the company’s operations for the AI ​​era,” according to a…
What happened: Cryptocurrency-related stocks rallied on Monday, with shares of Circle Internet Group (CRCL) and Coinbase Global (COIN) rising 15% and 5%, respectively. What’s behind the measure: Investors are digesting the long-awaited language on stablecoin performance that has delayed the key cryptocurrency industry bill in Congress. Coinbase and Circle share a long-term commercial distribution agreement…
Potential homebuyers who have invested in certain cryptocurrencies will be able to use their holdings as collateral to finance a down payment on a home as part of a new mortgage offer. Real estate services company Better Home & Finance Holding Co. plans to roll out the cryptocurrency-backed mortgage sometime in the next three months…
The country’s most powerful banker offered stern words for the digital asset industry this week, as traditional backers of finance and cryptocurrencies fight over key language in a stalled cryptocurrency market bill. The bill faces numerous hurdles, but the most prominent involves a dispute over the ability of cryptocurrency companies to pay rewards to customers…
In recent weeks, cryptocurrency-related stocks have been on edge as digital asset prices retreated. Bitcoin (BTCUSD) fell sharply in late January amid macroeconomic headwinds, wiping out much of its gains from last year. That decline has spread across the sector, with Coinbase Global (COIN) shares plunging roughly 32% in January. Technology and fintech stocks broadly…
Few changes in the stock market are as dramatic as that of Carvana (CVNA). The online used car retailer nearly collapsed in 2022, reversing eight straight years of margin improvement even as vehicle sales doubled from 2019 levels. Losses soared to nearly $2.9 billion amid growing bankruptcy concerns. The company has since recovered from the…
Dec 22 (Reuters) – Coinbase (COIN) said on Monday it will buy prediction markets startup The Clearing Company, as the crypto exchange looks to expand beyond its core digital assets business. Prediction markets allow users to “buy and sell contracts linked to the outcomes of real-world events, from elections and economic data to sports and…
As the cryptocurrency market experiences a resurgence, investors are looking for lucrative opportunities among a wide variety of options. Here are three notable cryptocurrencies set to make significant gains in April: Bitcoin (CRYPT: BTC): Recognized as the most valuable and secure cryptocurrency, Bitcoin stands out as a reliable investment option. With the recent launch of…
