The wave of government enforcement against cryptocurrency companies is beginning to remake the industry.Coinbase, the largest crypto exchange in the United States, has opened a business in Bermuda. Gemini, a […]
Armstrong, Brian (1983- )
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Back to news homeCoinbase Reports 63% Drop in Revenue Amid Crypto Industry Slump
When the cryptocurrency exchange Coinbase went public in April 2021, it was a triumphant moment for the nascent crypto industry.But the company has endured a grim 2022, grappling with a […]
The Humbling of Coinbase
The bloat was especially severe on Coinbase’s customer-service team. New staff members often felt as if they didn’t have enough to do. “I got maybe four phone calls a day […]
Crypto Crash Widens Divide Between Rich and Amateur Traders
ENGLEWOOD, Colo. — The cryptocurrency market was in ruins. But Tyler and Cameron Winklevoss were jamming.The billionaire twins, best known for their supporting role in the creation of Facebook, twirled […]
Cryptocurrencies Melt Down in a ‘Perfect Storm’ of Fear and Panic
Cryptocurrency prices also dropped precipitously. The price of Bitcoin fell as low as $26,000 on Thursday, down 60 percent from its peak in November, before rising somewhat. Since the start […]
Why Coinbase’s Trading Debut Is a Cryptocurrency Coming-Out Party
SAN FRANCISCO — Digital currency, once mocked as a tool for criminals and reckless speculators, is sliding into the mainstream.Traditional banks are helping investors put their money into cryptocurrency funds. […]
‘Tokenized’: Inside Black Workers’ Struggles at Coinbase
SAN FRANCISCO — One by one, they left. Some quit. Others were fired. All were Black.The 15 people worked at Coinbase, the most valuable U.S. cryptocurrency start-up, where they represented […]