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Coinbase Slashes Jobs by 14% to Become ‘Lean, Fast, AI-Native’

Leave a Comment / Coinbase, Slashes / Admin

Coinbase will experiment with smaller teams, including one-person teams, as it restructures operations. Coinbase will reduce its workforce by about 14% as the company adjusts to current market conditions and changes driven by artificial intelligence. In a post on X, the exchange’s CEO Brian Armstrong explained that two major factors influenced the move. Smaller Teams, […]

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Jack Dorsey Slashes Block Workforce by 4,000 in Sweeping AI-Driven Overhaul

Leave a Comment / Dorsey, Slashes / Nisha

Dorsey said AI-driven efficiency demands smaller teams, triggering one of the largest layoffs in Block’s history. Jack Dorsey announced that Block is reducing its workforce by nearly half, cutting more than 4,000 employees and bringing total headcount from over 10,000 to just under 6,000. In a note shared publicly on X, Dorsey described the move

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US Fed Slashes Interest Rates by 25 BPS: How Will Bitcoin’s Price React?

Leave a Comment / Interest, Slashes / Avery Clarkson

In line with most expectations and its hint last month, the US Federal Reserve made the first interest rate cut for 2025, reducing it by 25 bps. Most market commentators believed crypto and the rest of the financial markets had already priced in this cut, so it would be interesting to follow how BTC will

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Coatue Slashes OpenSea’s NFT Marketplace Valuation by 90%: Report

Leave a Comment / Coatue, Slashes / azlan90

American tech-focused investment manager Coatue Management has reportedly marked down its stake in OpenSea, one of the leading NFT platforms. According to documents reviewed by The Information, Coatue reduced its previously valued $120 million stake in OpenSea to just $13 million during the second quarter of 2023. Based on documents examined by The Information, Coatue

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