Tag: Crypto

Coinbase Slashes Jobs by 14% to Become ‘Lean, Fast, AI-Native’

Coinbase will reduce its workforce by about 14% as the company adjusts to current market conditions and changes driven by artificial intelligence. In a post on X, the exchange’s CEO Brian Armstrong explained that two major factors influenced the move. Smaller Teams, Bigger Roles First, he cited the ongoing...
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Crypto Exchange Bullish Strikes $4.2B Deal to Acquire Equiniti

The digital assets exchange Bullish is all set to acquire Equiniti, a global ​transfer agent, in a deal valued at $4.2 billion. The transaction includes $1.85 billion in assumed debt and about $2.35 billion to be paid in Bullish stock. Bullish said the deal will bring together its blockchain-based...
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Bitcoin Hits $81,000, Analysts Laud Buying Opportunity: What Is Going On?

Bitcoin (CRYPTO: BTC) tapped $81,000 on Tuesday morning as several indicators signal a buying opportunity, according to crypto analyst Michaël van de Poppe. The Q4 2022 Parallel Van de Poppe noted that the current perpetual funding rate remains negative at 5% annualized, meaning shorts are paying longs. This doesn’t...
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