COIN
Coinbase to Cut Around 20% of Workforce as Crypto Winter Lingers
Crypto exchange Coinbase (COIN) said it is planning to reduce its headcount by around 950 employees as part of a restructuring that it expects to be complete by the end of the second quarter. "First Mover" hosts weigh in on the latest string of layoffs amid crypto winter.
Cathie Wood's ARK Invest Buys Almost $6M of COIN, Sells Silvergate Stock
The firm sold about $5 million of Silvergate Capital shares.
Marex Issues Coinbase-Linked Structured Product Offering a 40% Coupon
Many investors see the crypto exchange gaining market share in the wake of rival FTX's collapse and prefer to express their view via structured products, Marex Solutions' Ilan Solot said.
Cathie Wood Buys More Coinbase Shares on the Cheap
The investor's ARK's Fintech Innovation ETF purchased 158,000 shares that have lost almost 90% this year.
Cathie Wood's ARK Continues to Buy Coinbase's Dip, Adding $3.2 Million of COIN to Portfolio
The latest purchase means ARK's Innovation ETF holds 5.8 million COIN shares.
Cathie Wood's Ark Invest Buys More Coinbase as Stock Has Fallen Over 20% In Past Month
Cathie Wood's Ark Investment Management said in an email it bought 78,982 shares in cryptocurrency exchange Coinbase (COIN), its first investment in the crypto exchange in a month. This comes as Coinbase confirms that its 2022 revenue is on track to be just half of 2021 levels. "The Hash" team discusses what to make of Ark Invest's latest crypto bets.
Bitcoin Falls Below $16K; Coinbase Hits Lowest Price Since Going Public
Shares of Coinbase (COIN) hit their lowest price since the the U.S.-based cryptocurrency exchange went public in April 2021. The Grayscale Bitcoin Trust (GBTC) is drawing market attention after sister company Genesis Global Capital said its lending unit would halt customer withdrawals in the wake of the collapse of Sam Bankman-Fried’s FTX crypto empire, Bernstein said in a research report Monday.
Crypto Exchange Coinbase's Shares Sink to All-Time Low
The U.S. crypto exchange went public in April 2021 in a high-profile listing, but shares have lost nearly 90% of their value over the past year, with the FTX contagion causing the latest leg down.
Crypto-Linked Stocks Tumble After FTX Files for Bankruptcy
Bitcoin and ether both fell about 6% following the Chapter 11 filing Friday morning.
Cathie Wood’s ARK Loads Up on COIN Despite FTX Crisis
ARK says it's buying 420,949 COIN shares, which would equate to $21 million, given current market prices.
