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Coinbase booked a $394 million net loss in the first quarter, missing Wall Street targets as crypto trading volumes collapsed. Earnings Miss The largest U.S. crypto exchange posted a $1.49 per-share loss for the quarter ended Mar. 31, according to a Thursday earnings release. Analysts polled by LSEG

Coinbase (COIN) will cut roughly 14% of its workforce as CEO Brian Armstrong moves to rebuild the exchange around artificial intelligence and a flatter management structure. Coinbase Layoff Announcement Armstrong disclosed the cuts in an internal email shared publicly on Monday, framing the reductio

Coinbase CEO Brian Armstrong told CNBC Wednesday that cryptocurrency market structure legislation has a "path forward" following month-long negotiations, after the company's withdrawal of support caused the Senate Banking Committee to postpone a critical vote in January. Senator Bernie Moreno said h

Animoca Brands co-founder Yat Siu on Wednesday said the crypto industry is unlikely to “win” the stablecoin battle against traditional banks, arguing that the biggest fight will be shaped by bank distribution power and the political compromises that come with legislation. “I don’t think he’s going t

“You are full of s—” was the blunt message from JPMorgan Chase CEO Jamie Dimon to Coinbase founder Brian Armstrong during an unexpected confrontation at the World Economic Forum in Davos last week, after Armstrong publicly accused banks of trying to sabotage crypto legislation in Washington. Dimon D