Coinbase proves strategy works by axing 1,000 employees
Armstrong says that Coinbase needs to reduce expenses to increase its chances of doing well in every scenario.
Bitcoin24h
$63,605.50+3.02%
Ethereum24h
$3,126.93+1.46%
BNB24h
$591.13+2.20%
Solana24h
$146.06+2.54%
XRP24h
$0.5360+1.61%
Dogecoin24h
$0.1630+17.13%
Toncoin24h
$5.70+3.95%
Cardano24h
$0.4677+0.17%
Shiba Inu24h
$0.0000+6.41%
Avalanche24h
$36.18+2.90%
Armstrong holds no Coinbase common stock but who has GBTC’s bitcoin?
Brian Armstrong says he’s bullish on crypto, but eyebrows were raised when it was revealed he’s sold all of his Coinbase common stock.
Coinbase staff told to wait an hour to discover if they were fired
According to an SEC filing, the cuts will leave Coinbase with around 5,000 remaining staff and will cost somewhere in the region of $40 million.
-
Scoop: Justin Sun falsely claimed diplomatic immunity in lawsuit—by Protos Staff
-
Nearly 9,000 KGB agents doxxed by Belarus hacking group—by Protos Staff
-
Poloniex WBTC depegs threatening Justin Sun’s empire—by Protos Staff
-
Russian crypto exchange Beribit freezes withdrawals, offers chocolate instead—by Protos Staff
-
Nilam Resources gives up, no more 24,800 bitcoins—by Protos Staff
-
Who are Samourai Wallet’s Keonne Rodriguez and William Lonergan Hill?—by Protos Staff
-
Hacker leaks source code for El Salvador Chivo ATMs—by Protos Staff
-
Do Kwon can’t leave Montenegro, but owes the US millions—by Protos Staff
-
Crypto markets inspire New York Stock Exchange 24/7 trading plan—by Protos Staff
