Coinbase

Tyler and Cameron Winklevoss, the founders of Gemini Trust Company, are some of the biggest names in the crypto exchange game.Photo: Joe Raedle (Getty Images)Cameron and Tyler Winklevoss, AKA the Winklevoss Twins, AKA the “Winklevii,” are losing a bit of that crypto-based twinkle in their eyes. Not only is the pair’s crypto company Gemini looking to cut over 100 staff due to a market downturn, they were also sued Thursday over their company allegedly lying to federal regulators in order to be the first DeFi company to…

Brian Armstrong, cofounder and CEO of Coinbase speaks onstage during 'Tales from the Crypto: What the Currency of the Future Means for You' at Vanity Fair's 6th Annual New Establishment Summit at Wallis Annenberg Center for the Performing Arts on October 23, 2019 in Beverly Hills, California.Matt Winkelmeyer | Getty ImagesTwo weeks after announcing plans to slow hiring, crypto exchange Coinbase now says the freeze will extend into the "foreseeable future." The company will also be pulling some accepted job offers.Coinbase…

Pedestrians walk by a Chipotle restaurant on April 26, 2022 in San Francisco, California. Photo: Justin Sullivan (Getty Images)Customers at Chipotle will now be able to pay for their burritos with cryptocurrencies, including bitcoin, ether, and dogecoin, in a move that could help crypto become more mainstream, according to trade publication Restaurant Business. But there’s just one important caveat: Chipotle will accept the crypto through a payments system called Flexa, which is far from the decentralized technologythat…

Crypto may be on the downfall right now, but experts are still warning against its lobbying influence. Photo: Kin Cheung (AP)A group of technology experts is trying to warn the government of the dangers of the crypto industry. In a letter to U.S. policy makers, 26 computer scientists and engineers called on lawmakers to block efforts to create a ‘regulatory safe haven’ for cryptocurrency. They want leaders in Washington to instead focus on what they’re calling ‘responsible fintech policy.’“The claims that the blockchain…

The crypto exchange Coinbase is testing a real-time workplace feedback tool called Dot Collector, created by hedge fund billionaire Ray Dalio, founder of Bridgewater Associates. Slack your colleague to say hello? Perhaps you’ll be rated as being off-task. Babbling too much in a meeting? You’ll get a low rating in efficiency. Tired after a night awake with your sleepless toddler? That’s a low enthusiasm rating. At any moment of the work day, you can rate and be rated, watching as your scores fluctuate up and down. Per…

Michelle Ma / Protocol: Layoffs.fyi data: 60 tech companies cut 16,000+ jobs in May 2022; Microsoft, Nvidia, Lyft, Snap, Uber, Coinbase, Salesforce, Meta, and Twitter slowed hiring — What goes up must come down. — High-flying startups with record valuations, huge hiring goals and ambitious expansion plans … Michelle Ma / Protocol: Layoffs.fyi data: 60 tech companies cut 16,000+ jobs in May 2022; Microsoft, Nvidia, Lyft, Snap, Uber, Coinbase, Salesforce, Meta, and Twitter…

Coinbase reported a 27% decline in revenues in the first quarter as usage of the platform dipped.Chesnot | Getty ImagesCoinbase has become the latest tech company to warn of a slowdown in hiring.The crypto exchange told staff Tuesday it would slow hiring and reevaluate its headcount, reversing earlier plans to triple its workforce in 2022."Given current market conditions, we feel it's prudent to slow hiring and reassess our headcount needs against our highest-priority business goals," Emilie Choi, Coinbase's chief…

Coinbase users are reporting difficulty withdrawing funds, heightening fears amid a widespread crash in cryptocurrency prices. The company confirmed the issues in a tweet on Thursday. “We are aware that some customers are having issues trading and accessing accounts on Coinbase and Coinbase Pro,” the company said. “Your funds are safe, and we are actively working on the issue. We’ll provide an update here soon.” Shortly afterward, the company indicated the situation might be resolving: “We’re seeing recovery after…

Monitors display Coinbase signage during the company's initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Wednesday, April 14, 2021.Michael Nagle | Bloomberg | Getty ImagesCoinbase reported first-quarter results that missed analysts' revenue estimates after the bell on Tuesday. Shares fell more than 15% in after-hours trading, building on a drop of 12.6% during regular trading hours before the results dropped.Here are the key numbers:Loss per share (EPS): $1.98Revenue: $1.17 billion, versus $1.48…