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Coinbase Dismisses 60 People due to the Intensifying Crypto Winter (Report)

The US-based cryptocurrency exchange – Coinbase – reportedly reduced its team by 60 people following the FTX saga and the consecutive plunge of the market. Chief Financial Officer Alesia Haas…

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Elephant in the Room: FTX Troubles Force Exchange Executives to Talk About Proof-of-Reserves

On Nov. 9, 2022, a day after the news broke regarding Binance planning to purchase the exchange FTX, the crypto economy dropped 11.17% in 24 hours. The crypto economy has…

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Disclosures Show Shopify’s CEO Bought $3M Worth of Coinbase Shares During the Past 2 Months

Public records show that Shopify’s CEO Tobias Lütke has purchased close to $3 million in Coinbase shares during the last 60 days. Lütke became a Coinbase board member last February…

Continue ReadingDisclosures Show Shopify’s CEO Bought $3M Worth of Coinbase Shares During the Past 2 Months

Proof-of-Work Proponents Question Validator Censorship as 59% of Staked Ethereum Is Held by 4 Companies

Prior to The Merge, Ethereum used to have dozens upon dozens of mining pools dedicating hashrate toward the blockchain network. That has all changed and most of the miners transitioned…

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Coinbase CEO Would Shutdown ETH Staking Service if Asked to Bend to Regulators

Brian Armstrong – CEO of Coinbase – stated on Thursday that he would refuse to censor the Ethereum blockchain using his platform’s concentrated stake in the protocol.  If compelled by…

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