The once cryptocurrency exchange giant FTX is facing an uncertain future following the current liquidity crunch and financial instability. The situation escalated after Binance backed out of a nonbinding agreement to buy out FTX. According to sources familiar with the
Several crypto firms have come out to distance themselves with exposure to FTX crypto exchange and its sister firm Alameda amid the financial crisis facing the two firms. This comes after calls from the crypto community for transparency to let
Put an arm around a Coinbase investor today. CEO and founder Brian Armstrong has announced he is selling 2% of his stake, in what amounts to another blow to the embattled cryptocurrency exchange. Coinbase going public was seminal moment for
Crypto exchange Coinbase has announced in a press release that it has received preliminary regulatory approval from Singapore’s monetary authority (MAS) to offer crypto services in Singapore. Following the in-principle approval, Coinbase can now offer “regulated digital payment token products
Crypto exchange Coinbase has launched Ethereum liquid staking token ahead of Ethereum’s migration to a proof of stake protocol. Coinbase, one of the leading crypto exchanges in the world, announced via a tweet on Wednesday, August 24th, that it has
Coinbase has been negatively affected by the ongoing bear market, and the exchange plans to cut costs. Coinbase’s CEO Brian Armstrong told CNBC’s Kate Rooney in an interview on Tuesday that the cryptocurrency exchange plans to cut costs. The company’s
Crypto winter has seen crypto prices fall to new cycle lows Coinbase CEO Brian Armstrong says its difficult to predict markets, but foresees the crypto market recovery taking a year or more. Armstrong hints at Coinbase being prepared for the
Cryptocurrency exchange Coinbase recorded huge losses in the last quarter as the bear market continues to affect businesses in the crypto space. Coinbase, one of the leading crypto exchanges in the world, reported its second-quarter earnings earlier this week. The
Bitcoin price fell below $21,000 on Tuesday as the market sentiment turned sour on reports the US Securities and Exchange Commission (SEC) was investigating US-based cryptocurrency exchange Coinbase. BTC has touched lows of $20,915 and with potential downside likely to
Key Takeaways Robinhood spent the most of any crypto company on lobbying expenditure in Q1 this year, donating $610,000 before laying off 9% of its full-time employees Coinbase donated 62% less in Q1 than the previous quarter, as SuperBowl ads
Ishan and his brother are in custody, arrested on Thursday and are facing fraud and conspiracy to commit fraud charges, while Ramini is yet to be arrested. Broadly, the SEC says Ishan violated securities laws, with this the first insider
Zipmex, a Thai-based crypto exchange, has halted withdrawals citing a combination of circumstances. The Southeast Asian exchange has halted withdrawals until further notice. A tweet by the exchange said: “Due to a combination of circumstances beyond our control including volatile
Coinbase added to its headcount by 200% year-over-year as crypto saw massive growth. The risks of that is what informed the decision to thin out the employee numbers in June. Now the focus on “driving efficiency” with scaling in mind
Facebook yesterday launched its new crypto wallet Novi, initially meant to hold Facebook’s own Diem stablecoin Social networking service company Facebook yesterday tagged Coinbase as its custody partner for Novi. The news was terrific for Coinbase, whose shares surged after