Coinbase CEO Brian Armstrong announced a 14% workforce reduction due to crypto market volatility and rapid AI-driven operational changes. The cuts aim to streamline the company for its next growth phase, focusing on efficiency and AI integration. Despite the downturn, Armstrong remains optimistic about crypto's future, highlighting stablecoins and tokenization as growth drivers. This move aligns with broader tech layoffs linked to AI advancements and comes ahead of Coinbase's Q1 earnings report.
Coinbase shares have fallen 29.34% year to date amid a downturn in the crypto market, with Q1 2026 revenue dropping 30.54% year over year and a net loss of $394 million. Despite this, Coinbase is expanding its offerings, including prediction markets ...
Bitmine now owns 4.66% of the total Ethereum supply and is close to reaching its goal of 5% ownership in 2026. The company raised approximately $273.8 million through a sale of 3.5 million shares of 9.5% Series A Perpetual Preferred Stock, which will...
In 2026, spot Bitcoin ETFs have struggled as Bitcoin's price fell over 29%, passing losses directly to investors. In contrast, the Amplify Transformational Data Sharing ETF (BLOK), which invests in blockchain and crypto-related companies rather than ...
Coinbase has introduced AI agents that can trade cryptocurrencies and pay for premium research on behalf of users. These agents can be linked to a user's main account or operate in a separate sandbox, using advanced tools like Coinbase Advanced for p...
