Crypto exchange Coinbase announced a further restructuring plan that involves reducing its workforce by 950 employees to cut operational costs amid the bear market. Major cryptocurrency exchange Coinbase is starting 2023 with more layoffs, letting go of another 20% of its employees in a second major wave of layoffs. Coinbase CEO Brian Armstrong officially announced…
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Cathie Wood, CEO of investment management firm ARK Invest, has acquired more shares of major cryptocurrency exchange Coinbase which has lost almost 90% of its value over the past year. The company purchased approximately $5.8 million worth of COIN stock on Thursday, split between the ARK Next Generation Internet (ARKW) and ARK Fintech Innovation ETF (ARKF) ETFs,…
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Binance, the world’s largest cryptocurrency exchange, has remained the leader in the space, ending 2022 with a 66.7% market share compared to 48.7% at the start of the year. According to a report from CryptoCompare, Binance accounted for 66.7% of all trading volume on centralized crypto exchanges in the last quarter of 2022 following the…
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The US crypto exchange Coinbase has agreed to shell out a total of $100m to settle a complaint relating to “certain historical shortcomings” in its regulatory compliance work. The massive amount Coinbase is expected to pay is made up of a $50m penalty to the regulator, as well as another $50m committed to compliance program…
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On-chain data shows the Bitcoin inflows to Coinbase have spiked recently, a sign that may turn out to be bearish for the crypto. Bitcoin Exchange Inflows To Coinbase Register High Values As pointed out by an analyst in a CryptoQuant post, a total of 20k BTC was transferred to Coinbase recently. The “exchange inflows” is…
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Coinbase has agreed to pay a $100 million settlement with the New York Department of Financial Services (NYDFS), according to a consent order signed by the NYDFS superintendent Adrienne Harris on Jan. 4, 2023. New York’s financial regulator said compliance problems were detected and the exchange’s anti-money laundering controls were inadequate from 2020 through 2021.…
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Ethereum Name Service rounded off 2022 with over 2.2 million ENS domains registered, helped in part by integrations with exchanges and industry participants. 2022 proved to be a fruitful year for Ethereum Name Service, with the platform recording 2.2 million registered domains despite unfavorable market conditions for the cryptocurrency space. According to the service, over…
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As the FTX saga continues, all eyes are on crypto exchanges: Coinbase, Crypto.com, Binance and the like all have hefty sets of eyes on their next moves. There is plenty to be said for the state of crypto exchanges today, but Coinbase’s announcement of the delisting of several tokens: BCH, ETC, XLM, and XRP. Let’s dive…
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The crypto wallet plans to stop support for the four tokens on Dec. 5, but added any remaining funds would still be tied to users’ existing addresses. Starting on Dec. 5, the Coinbase Wallet will no longer support four major tokens. In a Nov. 29 notice on its help pages, Coinbase said the wallet will no…
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The FTX saga has made some crypto executives, researchers, analysts, and politicians more aligned on regulation than ever. Crypto executives and politicians are becoming louder in their calls for crypto regulation as the aftermath of the FTX collapse continues to reverberate through the industry. In just the last 24 hours, the European Central Bank (ECB)…
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