Coinbase
Crypto Bounces After Fed Hike; Three Arrows Insolvency Concerns
Crypto markets react positively to the Federal Reserve’s largest hike since 1994, but longer term concerns remain. Singapore-founded Three Arrows Capital is in hot water over liquidation concerns, Coinbase lays out plans for development in India despite global job cuts, and Yahoo and Meta will use Hong Kong as a metaverse test bed.
Binance and Kraken Stick to Hiring Plans Amid Market Volatility
While many crypto companies likes Coinbase have laid off employees amid the recent market downturn, Binance and Kraken are tweeting about their plans to continue hiring. “The Hash” discusses the rivalries at play, along with Binance CEO Changpeng Zhao’s latest comments at Consensus 2022.
Tron Bolsters Reserve Again; Fed Decision Market Wobbles
$500 million in USDC added to Tron DAO USDD reserve. Coinbase cuts nearly a fifth of its workforce. Michael Saylor, Microstrategy stick to their guns on Bitcoin. Crypto market braces for U.S. Federal Reserve rate decision. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Coinbase Lays Off Roughly 1,100 Employees as Crypto Market Tumbles
Publicly traded crypto exchange Coinbase is letting go of roughly 1,100 employees to cut costs, according to a recent company filing Tuesday. This comes after BlockFi and Crypto.com also announced layoffs. "The Hash” group discusses the consequences, the dilemma that many of the big names in crypto are facing after over-expanding during the bull run.
Coinbase CEO Criticizes Online Petition Against Executives
Coinbase CEO Brian Armstrong is blasting an online petition calling for the removal of some top executives. In a Twitter post, Armstrong posted "This is really dumb on multiple levels."
Wendy O Thinks Big Crypto Companies Need To Do Better
"The Hash" co-host Wendy O discusses Coinbase's strategic investment in Asia's crypto exchange Zipmex at #Consensus2022. For her, big crypto companies like Coinbase need to set an example and start building in a recession. "These big crypto companies need to do better."
The Lack of Talent in the Crypto Space
"The Hash" panel discusses the opportunistic investments following Coinbase's hiring pause and Terra LUNA's collapse. Plus, a further conversation on the lack of talent in the crypto space, at #Consensus2022.