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UNUS SED LEO24h $9.33+0.50%

Crypto lender Vauld halts withdrawals and deposits weeks after promising not to

Vauld’s crypto platform suspended customer trading, withdrawals and deposits despite layoffs and previous assurances of “operation as usual”.

More trouble for Coinbase as Goldman Sachs predicts 60% drop in profits

A Goldman Sachs analyst downgraded Coinbase stock to sell. The first crypto exchange to list on the NASDAQ is down 80% since listing.

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.

Many applicants turned down other opportunities after confirming a job at Coinbase, others are facing losing their visas.

Coinbase staff will be encouraged to give positive, neutral, or negative feedback based on 10 core values after every interaction.