Download the app
App StorePlay Store
Beige
Login
← All tags

coinbase

Amazon cloud outage hits CME and Coinbase after Virginia data center overheats

Amazon cloud outage hits CME and Coinbase after Virginia data center overheats

Amazon Web Services reported a northern Virginia data center zone outage linked to high temperatures. The disruption affected services used by CME Group and Coinbase. Coinbase said its trading problems were caused by the AWS outage, while CME pointed to technical and latency issues. AWS is working to restore full service, but an exact timeline hasn’t been shared.

Summarised by Beize from a story on The Economic Times on 8 May 2026
Coinbase lays off 700 and reveals severance terms for Indian visa holders

Coinbase lays off 700 and reveals severance terms for Indian visa holders

Coinbase is cutting about 14% of its global workforce, affecting roughly 700 employees, citing tough market conditions and the shift toward an AI-first operation. The company says severance will be provided, including tailored provisions for international staff and employees on work visas, as it restructures to stay lean and move faster with automation.

Summarised by Beize from a story on The Economic Times on 6 May 2026

Your news, in seconds

App StorePlay Store
Coinbase cuts 14% jobs as Brian Armstrong bets AI can do more with less

Coinbase cuts 14% jobs as Brian Armstrong bets AI can do more with less

Coinbase announced layoffs affecting about 14% of its workforce, with CEO Brian Armstrong pointing to a weak crypto market and AI’s ability to help smaller teams deliver more. The company plans to reorganize to stay resilient across future market cycles and position itself for the next wave of crypto adoption. Armstrong also addressed key support areas including severance, healthcare, and ongoing assistance.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Coinbase cuts 14% of staff and shifts company to an AI-first structure

Coinbase cuts 14% of staff and shifts company to an AI-first structure

Coinbase says it will lay off about 14% of its workforce and restructure the company around AI priorities. The move follows a broader wave of tech job cuts as companies automate parts of product and operations. While Coinbase frames the change as efficiency and faster decision-making, employees and observers are asking what roles are being eliminated and what skills are being prioritized.

Summarised by Beize from a story on Office Chai on 5 May 2026
Coinbase to cut 700 jobs in major restructuring ahead of AI era

Coinbase to cut 700 jobs in major restructuring ahead of AI era

Crypto exchange Coinbase says it will cut about 700 jobs, roughly 14% of its global workforce, as it restructures to reduce costs and reposition for the next wave of AI-led trading and operations. The company expects most layoffs to be completed by the second quarter of 2026, signaling a long runway for transformation rather than a quick headcount reset.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Crypto backed mortgages let buyers pledge Bitcoin or USDC but monthly payments jump hard

Crypto backed mortgages let buyers pledge Bitcoin or USDC but monthly payments jump hard

A new crypto backed mortgage model lets homebuyers partner with Coinbase to use Bitcoin (BTC USD) or USDC stablecoins as collateral for down payments, aiming to avoid immediate crypto sales and related tax events. But the tradeoff is steep: monthly payments can become much higher than traditional mortgages, squeezing affordability for many would be buyers.

Summarised by Beize from a story on The Economic Times on 28 Apr 2026

Never miss a story

App StorePlay Store
CFTC sues New York to stop state oversight of prediction markets and crypto firms

CFTC sues New York to stop state oversight of prediction markets and crypto firms

The US Commodity Futures Trading Commission (CFTC) has sued New York, arguing the state’s legal actions against prediction market platforms such as Coinbase and Gemini unlawfully encroach on federal authority. New York’s attorney general says the products function as gambling and violate state consumer protection rules. The CFTC calls the state’s approach overreach and seeks to block it.

Summarised by Beize from a story on The Economic Times on 25 Apr 2026
Page 1

The full experience is on mobile.

Swipe through stories, personalise your feed, and save articles for later — all on the app.

Download on the App StoreGet it on Google Play