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 […]
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Back to news homeCrypto Crackdown: Coinbase and Binance Lawsuits Shake Markets
In more blows to the cryptocurrency sector, two of its biggest players were sued this week by the Securities and Exchange Commission: On Monday, the agency filed charges against Binance, […]
Tech Layoffs Shock Young Workers. The Older People? Not So Much.
“This is a gift,” Mr. Pulliam said. “I don’t think that story is told. It’s always doom and gloom.”But for tech workers experiencing their first economic downturn, the cuts have […]
Coinbase Reaches $100 Million Settlement With New York Regulators
Coinbase, a publicly traded cryptocurrency trading exchange based in the United States, agreed to pay a $50 million fine after financial regulators found that it let customers open accounts without […]
The Crypto Industry Struggles for a Way Forward After FTX Collapse
“For us, this is actually a great moment,” said Jeremy Allaire, the chief executive of the crypto payments company Circle. “We’re delivering real value, and the people who focused on […]
Coinbase 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 […]
Crypto Firms Quake as Prices Fall
SAN FRANCISCO — No one wanted to miss out on the cryptocurrency mania.Over the last two years, as the prices of Bitcoin and other virtual currencies surged, crypto start-ups proliferated. […]
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 […]