Crypto

Crypto exchange Coinbase is laying off 14 percent of its workforce.

The decision has been made public by CEO Brian Armstrong. In a post on X, he explained that the layoffs are mainly due to two concerns: Bear market, and 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 […]

• Coinbase is laying off 14% of its staff.
• Its CEO cited AI as the key reason for this, as it pivots to tiny teams and away from layers of management.
• The CEO's memo to staff had all the classic ingredients of a 2026 layoff letter.

Same story, different company.

Two years ago, Nscale was a cryptocurrency mining operation. On Tuesday, the company announced €695 million ($812 million) in new infrastructure investment in Portugal, an expansion of its partnership with Microsoft that will deliver more than 66,000 Nvidia Rubin GPUs to a site with 1.2 gigawatts of permitted capacity. Nscale is now valued at $14.6 […]

  Katie Haun has raised $1 billion for two new venture funds at Haun Ventures, split evenly between early and later-stage vehicles to be deployed over the next two to three years. The capital will go into crypto and blockchain companies, which have been the firm’s focus since Haun left Andreessen Horowitz in 2022 to […]

As institutional crypto adoption accelerates, security standards are becoming a defining factor in provider selection. CryptoProcessing by Coinspaid, a regulated crypto payment gateway serving enterprise and institutional merchants globally, has achieved Level 3 certification under the Cryptocurrency Security Standard (CCSS) for its Institutional-Grade Key Management and Wallet Infrastructure, the highest designation granted by the CryptoCurrency […]