Coinbase is laying off about 700 workers, or 14% of its workforce, as CEO Brian Armstrong says the company is restructuring to become “lean, fast, and AI-native.” Armstrong claimed he’d seen engineers “use AI to ship in days what used to take a team weeks” and that non-technical teams in Read more…
Officials working with Donald Trump’s “Board of Peace” are exploring setting up a stablecoin for Gaza as part of efforts to reshape the devastated Palestinian enclave’s economy, according to five people familiar with the discussions. The talks around introducing a stablecoin — a type of cryptocurrency whose value is pegged Read more…
Last Sunday, Bitcoin had dropped 13% in three days, to $76,790. By Thursday it had dropped another 21%, to $60,062. This morning it’s at $69,549 — up from Thursday, down from Sunday, but 44% lower than its all-time high in October of $123,742. In short, Bitcoin “is down almost 30% Read more…
October saw Bitcoin reach $123,742. But less than four months later, the world’s largest cryptocurrency slipped below $76,000, dropping about 40% from its 2025 peak. What began as a sharp crash in October has morphed into something more corrosive: a selloff shaped not by panic, but by absence of buyers, Read more…
Texas has purchased $5 million worth of BlackRock’s bitcoin ETF as an initial step toward creating the first state-level bitcoin reserve in the U.S. “[O]ther states having previously invested in such funds with public-employee retirement money,” notes CoinDesk. “Michigan has been building such an investment, and Wisconsin sold its $350 Read more…
Just a little more than a month after reaching an all-time high, Bitcoin has erased the more than 30% gain registered since the start of the year. The dominant cryptocurrency fell below US$93,714 on Sunday, pushing the price beneath the closing level reached at the end of last year, when Read more…
A group representing the world’s biggest stock exchanges has called on securities regulators to clamp down on so-called tokenised stocks, arguing that the blockchain-based tokens create new risks for investors and could harm market integrity. Crypto exchange Coinbase and broker Robinhood are among those making a push into the nascent Read more…