OpenSea lays off 20% of its staff, citing ‘crypto winter’
The bear market in Bitcoin and altcoins has had a negative impact on staffing levels at major crypto companies, including exchanges, lending platforms and marketplaces.
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Why Coinbase is banning slide decks and ‘endless meetings’
Coinbase CEO Brian Armstrong is looking for enhanced efficiency from its internal teams, noting that rapidly growing firms often become complacent and slow.
Despite the Price Drop, Number of Bitcoin Held on Exchanges Continues to Slide
Roughly 49 days ago, the number of bitcoin held on exchange was around 2.503 million, according to statistics recorded by cryptoquant.com. Since then, $4.76 billion worth of bitcoin has been…
Coinbase Pro Buyers Trigger Spike in Bitcoin Premium
After weeks of treading in the red, the market briefly climbed to the $1 trillion mark. The world’s largest cryptocurrency – Bitcoin – as well as some major altcoins, raked…
EU-regulated firm Banking Circle adopts USDC stablecoin
Banking Circle was launched in 2016 with a mission to help payments businesses reach new global markets, avoiding the burdens of traditional banking.
Three Months in, Coinbase NFT Has Been a Disaster
Coinbase has one product that’s performing even worse than its sluggish stock: its NFT marketplace. Coinbase NFT Flops Three months in, Coinbase’s NFT platform is proving to be a complete...
Cumberland Says Financially Burdened Crypto Firms Are ‘Hanging Over the Market Like a Cloud’
Following the over-the-counter (OTC) firm’s Twitter thread on June 14, Cumberland explained on July 5 that “rangebound price action belies a volatile picture below the surface,” while crypto markets consolidated…
Macroeconomic Factors to Blame for Crypto Crash With More Pain Likely to Come: Coinbase Report
It comes as no surprise that worsening macro-factors have been the cause of the current crypto bear market. However, Coinbase confirmed the notion in a blog post on July 5,…
Circle’s USDC on track to topple Tether USDT as the top stablecoin in 2022
The USDT-to-USDC market cap ratio fell to its lowest ever in July 2022.
Coinbase Responds to Reports of Selling Customer ‘Geo Tracking’ Data to US Government
The Nasdaq-listed cryptocurrency exchange Coinbase has insisted that it does not sell “proprietary customer data” after reports surfaced that its Tracer product is providing “historical geo tracking data” to the…
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