Coinbase
Binance, Kraken and Polygon Accelerate Hiring in Response to Industry-Wide Job Cuts
Coinbase, BlockFi and Crypto.com are among the crypto-related companies announcing layoffs this week.
Coinbase Layoffs Include 8% of India Team
The company said Tuesday it is shedding 1,100 employees, or 18% of its global workforce.
Tron Bolsters Reserve Again; Fed Decision Market Wobbles
$500 million in USDC added to Tron DAO USDD reserve. Coinbase cuts nearly a fifth of its workforce. Michael Saylor, Microstrategy stick to their guns on Bitcoin. Crypto market braces for U.S. Federal Reserve rate decision. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Coinbase Lays Off Around 1,100 Employees
The exchange is reducing its workforce by roughly 18%. CEO Brian Armstrong admits the company "grew too quickly."
Coinbase Lays Off Roughly 1,100 Employees as Crypto Market Tumbles
Publicly traded crypto exchange Coinbase is letting go of roughly 1,100 employees to cut costs, according to a recent company filing Tuesday. This comes after BlockFi and Crypto.com also announced layoffs. "The Hash” group discusses the consequences, the dilemma that many of the big names in crypto are facing after over-expanding during the bull run.
JPMorgan Cuts Coinbase to Neutral With $68 Price Target; Shares Slump
It will be challenging for the exchange to generate a profit in the near future, the bank’s analysts said.
Michael Saylor's MicroStrategy Leads Plunge in Crypto-Related Stocks
Bitcoin has tumbled below $24,000 for the first time in 18 months, and ether dropped to a 15-month low.
