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Coinbase is cutting 14 per cent of its workforce. The reason it gave was not the crypto downturn. It was AI.

Coinbase is cutting 14 per cent of its workforce, roughly 660 employees from a company of 4,700, two days before it reports the worst quarterly earnings in its history as a public company. CEO Brian Armstrong announced the layoffs on Tuesday in a letter to staff that mentioned the crypto market downturn in passing and […]
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Coinbase says Trump’s SEC has ended its enforcement case against the crypto company
Coinbase says Trump’s SEC has ended its enforcement case against the cryp

<p>Coinbase says that the SEC <a data-i13n="cpos:1;pos:1" href="https://investor.coinbase.com/financials/sec-filings/sec-filings-details/default.aspx?FilingId=18209257"> [...]

Match Score: 197.79

Trump's federal Bitcoin reserve order leaves the crypto market unenthused
Trump's federal Bitcoin reserve order leaves the crypto market unenthu

<p>With US stocks <a data-i13n="elm:context_link;elmt:doNotAffiliate;cpos:1;pos:1" class="no-affiliate-link" href="https://www.cnn.com/2025/03/06/investing/us-stocks- [...]

Match Score: 112.90

The SEC is dropping an investigation into Robinhood
The SEC is dropping an investigation into Robinhood

<p>In <a data-i13n="cpos:1;pos:1" href="https://www.engadget.com/ai/crypto-evangelist-david-sacks-will-serve-as-trumps-ai-and-cryptocurrency-advisor-170522273.html">ano [...]

Match Score: 84.61

Extortionists bribed Coinbase employees to give them customer data
Extortionists bribed Coinbase employees to give them customer data

<p>Coinbase has been betrayed from within. The cryptocurrency exchange <a data-i13n="elm:context_link;elmt:doNotAffiliate;cpos:1;pos:1" class="no-affiliate-link" href=&quo [...]

Match Score: 73.43

Bybit hacked for almost $1.5 billion in the biggest crypto theft ever
Bybit hacked for almost $1.5 billion in the biggest crypto theft ever

<p>While 20th-century heists involved scoping out a location, recruiting a person on the inside and having a daredevil getaway driver waiting outside, the 21st-century version looks more like wh [...]

Match Score: 49.61

Epic is laying off more than 1,000 workers, citing a downturn in Fortnite engagement
Epic is laying off more than 1,000 workers, citing a downturn in Fortnite e

<p>Epic Games has announced sweeping layoffs of more than 1,000 employees. “The downturn in <a target="_blank" class="link" href="https://www.engadget.com/gaming/fo [...]

Match Score: 49.42

DOJ to disband its cryptocurrency enforcement unit
DOJ to disband its cryptocurrency enforcement unit

<p>The US Department of Justice has disbanded its unit focused on prosecuting cryptocurrency scams. Deputy Attorney General Todd Blanche announced the end of the National Cryptocurrency Enforcem [...]

Match Score: 46.56

Kuwait cracks down on crypto miners to cut down on electricity usage
Kuwait cracks down on crypto miners to cut down on electricity usage

<p>Kuwait is cracking down on cryptocurrency miners throughout the country, <a data-i13n="cpos:1;pos:1" href="https://www.reuters.com/business/energy/kuwait-cracks-down-cryptoc [...]

Match Score: 45.20

Coinbase buys Deribit for $2.9 billion
Coinbase buys Deribit for $2.9 billion

<img class="type:primaryImage" src="https://i.kinja-img.com/image/upload/c_fit,q_80,w_636/2c4ab3c5314bf54415feac2724214de5.jpg"/><p>Crypto exchange Coinbase (<a clas [...]

Match Score: 43.67