Coinbase to Cut 18% of Workforce, CEO Wary of Potential Recession
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CEO Brian Armstrong warned a “crypto winter” could hurt the firm’s trading revenue The crypto exchange “grew too quickly” and “over-hired” since 2021, he said Coinbase will slash its workforce by 18%…
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Coinbase is embracing artificial intelligence at an unprecedented pace. CEO Brian Armstrong revealed on Wednesday that more than 40% of the company’s code is now generated by AI, and he expects that figure to reach 50% within a month. “Obviously it needs to be reviewed and understood, and not all…
Story Highlights Coinbase plans to hire 1,000 new employees in the U.S. this year. CEO Brian Armstrong announced the hiring plans after attending the White House Crypto Summit. Improved crypto regulations under President Trump support Coinbase’s expansion. Coinbase is set to expand its workforce by hiring 1,000 new employees in…
Coinbase is facing a lawsuit over frozen crypto linked to a $55M DAI phishing hack, with claims about delayed fund return and ownership disputes. Coinbase is facing a legal case in the United States over frozen cryptocurrency. The case is linked to a $55 million DAI phishing theft that happened…