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The Latest Breaking News from Brian Armstrong

Coinbase to Lay Off 18% of Staff Amid Crypto Meltdown

Further waves of reckoning swept through the cryptocurrency industry on Tuesday, with exchange company Coinbase Global Inc. saying it would cut almost a fifth of its staff and crypto lender Celsius Network LLC hiring a law firm to examine restructuring options.

Bangkok Post

Coinbase lays off 18% of its workforce. The CEO cites an upcoming crypto winter

The company's platform allows people to buy and sell cryptocurrency. It had just gone public last year.

WEKU

What Is The Price Of Bitcoin Right Now?

The worldwide cryptocurrency market capitalization is at $947.8 billion, up from $943.6 billion on Tuesday morning.

Benzinga

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Coinbase lays off 1,100 full-time workers over recession fears

CEO Brian Armstrong said managing costs would be critical with the possibility of recession leading to a crypto winter.

Axios

Coffee And Crypto: What's The Price Of Bitcoin Right Now?

The worldwide cryptocurrency market capitalization is at $943.6 billion on Tuesday morning, down from $968 billion just 24 hours ago. Investors are continuing to sell off crypto assets amid heightened inflationary pressures and a looming recession.

Benzinga

'Plan For The Worst So We Can Operate The Business Through Any Environment,' Coinbase CEO Announces 18% Staff Reduction

Cryptocurrency trading platform Coinbase Global (NASDAQ: COIN) announced a restructuring plan and the expectation for job cuts Tuesday morning, sending shares lower. Here are the details.

Benzinga

Coinbase CEO Brian Armstrong Sees Bitcoin To Become A Global Reserve Currency, But These 3 Investors Disagree

Coinbase Global Inc. (NASDAQ: COIN) CEO Brian Armstrong stated his confidence that Bitcoin (CRYPTO: BTC) may become the new global reserve currency for the world.

Benzinga

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Coinbase's 'Audacious' India Strategy Deemed A Mistake By Crypto Experts

From suggesting a legal move against RBI in a tweet to calling out the government's "

Benzinga

Why India's Crypto Lobby Won't Legally Challenge Central Bank's Curbs On UPI

Internet & Mobile Association of India (IMAI), a body representing the interests of Indian crypto investors, said that it has no plans to file a legal challenge against the Indian central bank after it restricted the use of UPI for crypto exchanges.

Benzinga

DraftKings CEO Jason Robins Calls For Crypto Centralization, Compares Sector To Early Internet Struggles

The CEO of a sports betting platform that has entered the non-fungible token market is calling for more centralization in the cryptocurrency space.

Benzinga

Trillions lost and lives ruined: inside crypto’s ‘Lehman Brothers’

More than a $1 trillion was wiped off the value of cryptocurrency markets in the last six months, ruining countless lives and prompting insiders to speculate that the Bitcoin bubble may finally have burst. Giulia Crouch goes inside the start of crypto’s ‘Ice Age’

Evening Standard

$400 billion crypto sell-off worsens as bitcoin slumps 10%

Trouble at a major “stablecoin” called TerraUSD, combined with interest rate rise fears, has sparked “extreme fear across the crypto market”

Evening Standard

Bitcoin Bull Jack Dorsey Likens Coinbase To A Casino

Twitter Inc (NYSE: TWTR) founder and CEO of Block Inc (NYSE: SQ) Jack Dorsey equated rival Coinbase Gobal, Inc (NASDAQ: COIN) with a cas

Benzinga

Coinbase CEO Armstrong Clarifies New Disclosure Does Not Mean Bankruptcy Risk

Coinbase Global Inc (NASDAQ:COIN) chief executive stated that the disclosure in its latest quarterly filing did not indicate the cryptocurrency exchange operator faced a bankruptcy risk, and it had been made to meet SEC requirements, Reuters reported. Related: Coinbase Sees Crypto Trading Volume Declines 44% In Q1 The company's 10-K on page 83 stated that…

Benzinga

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Benzinga

Indian Government Informally Intimidated Coinbase To Halt Trading Of Bitcoin, Dogecoin, Says CEO

American cryptocurrency exchange platform Coinbase Global Inc's (NASDAQ: COIN) chief blamed India's central bank for putting "informal pressure" weeks after it halted trading service in the country.

Benzinga

Washington Warming To Crypto? Coinbase's Brian Armstrong Says Over 50% Of People In D.C. Are 'Pro Crypto' Now

Policymakers may be slowly and steadily warming to the concept of cryptocurrencies and its adoption, according to Coinbase Global, Inc. (NASDAQ: COIN) co-founder and chief executive officer Brian Armstrong.

Benzinga

Coinbase CEO Brian Armstrong Changes Rules To Counter Insider Trading Allegations

Brian Armstrong — the CEO of major U.S.-based cryptocurrency exchange Coinbase Global Inc. (NASDAQ: COIN) — responded to insider trading accusations by changing internal rules concerning listings.

Benzinga

Coinbase CEO: Elon Musk Buying Twitter Is A 'Great Win' For Free Speech

Brian Armstrong, founder and chief executive of cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN), has voiced his approval of Tesla Inc (NASDAQ: TSLA) CEO Elon Musk

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Benzinga

Bitcoin, Ethereum 'Pretty Clearly' Commodities, Says Coinbase CEO

Brian Armstrong, the founder, and CEO of crypto exchange Coinbase Global Inc (NASDAQ: COIN), said that Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO:

Benzinga

'Let's Get Started:' Coinbase Sets Up For India Foray, CEO Says 'Excited To Be On The Ground'

American cryptocurrency exchange company Coinbase (NASDAQ: COIN) is all set to enter India as it eyes the growing interest in digital assets in the country despite regulatory woes.

Benzinga

Coinbase CEO Slams EU Over New Proposals For Bitcoin, Ethereum, Dogecoin Transactions; Parliament Passes It Anyway

European Union lawmakers on Thursday voted in favor of an extension of anti-money laundering (AML) requirements that would effectively end anonymous transactions involving cryptocurrencies such as Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO:

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