Crypto.com announces more layoffs as digital currency market rout continues
Singapore-based Crypto.com announced that it would lay off 20% of its workforce, just days after Silicon Valley exchange Coinbase announced further layoffs.
Singapore-based Crypto.com announced that it would lay off 20% of its workforce, just days after Silicon Valley exchange Coinbase announced further layoffs.
New filings in the FTX bankruptcy case have revealed the full list of investors, and among Tom Brady and Gisele Bundchen sits Coinbase, which holds the bag on millions of FTX shares.
The cuts amount to 950 people, on top of the 1,100 Coinbase cut back in June; its CEO Brian Armstrong says the layoffs are part of a plan to cut operating expenses by 25%.
The New York DFS announced that it had reached a $100m settlement with Coinbase after a probe identified failures in its AML program, including its KYC/customer due diligence (CDD).
Coinbase is about to launch its ERC-20 self-service asset recovery tool, designed to help users regain assets they may have lost in mistaken transactions to Coinbase wallets.
The 'crypto' industry got in the wrong direction long ago and has gone too far by turning the original Bitcoin into a multitrillion-dollar gambling of speculations over other people's speculations.
Coinbase is slamming bankrupt rival digital asset exchange FTX’s accounting practices, Apple’s NFT policies, and any other bad news, while Circle plans to go public.
The regulator disclosed that Block Earner, a firm backed by Coinbase and Aave, also operates an unregistered managed investment scheme that violates Australia’s capital market laws.
Digital Currency Group boss Barry Silbert has issued a note to shareholders, noting the “difficult industry conditions” plaguing the digital asset sector.
There’s trouble brewing with the big players in the digital currency industry in the wake of the FTX implosion, with Genesis, Gemini, and DCG allegedly struggling financially.
Digital asset exchange Coinbase was reprimanded by German financial supervisory authority BaFin over corporate deficiencies, with the latter demanding the firm carry out organizational change.
The lone bright spot on Coinbase’s subscription and services chart was interest income, which shot up 213% to $101.8 million, thanks largely to the U.S. Federal Reserve hiking its lending rates.