Tag: Front page

Coinbase Cuts 14% of Workforce as It Shifts to AI-Native Operations

Written on May 6, 2026.

Coinbase to cut roughly 700 jobs, representing 14% of its workforce of about 4,900-5,000 employees. CEO Brian Armstrong cites converging forces of market downturn and AI advancements changing workflows. Company moving to flatter organization with no pure managers, player-coach leaders, and smaller AI-native teams. Restructuring costs estimated at $50-60 million, expected to complete in Q2 2026. Crypto exchange Coinbase...

Cryptocurrencies, Exchanges, Front page, News

Western Union Launches USDPT Stablecoin on Solana for 24/7 Global Settlements

Written on May 5, 2026.

Western Union launched USDPT, a U.S. dollar-denominated payment stablecoin fully backed by USD and issued by Anchorage Digital Bank on the Solana blockchain. The token targets 24/7 treasury management and agent settlements, initially rolling out in the Philippines and Bolivia. Fireblocks provides the underlying wallet, settlement, and operations infrastructure; plans include broader exchange availability and consumer access via...

Crypto adoption, Cryptocurrencies, Front page, News, Stablecoins

Kraken Parent Payward Completes Bitnomial Acquisition

Written on May 4, 2026.

Payward completes acquisition of Bitnomial, unlocking CFTC-regulated derivatives on Kraken and NinjaTrader platforms. Deal provides full suite of licenses: Futures Commission Merchant, Designated Contract Market, and Derivatives Clearing Organization. Rollout begins with spot margin services, followed by perpetuals and options for eligible U.S. users. Payward, the parent company of cryptocurrency exchange Kraken, has...

Cryptocurrencies, Exchanges, Front page, News, Trading

Tether Posts $1.04 Billion Q1 Profit

Written on May 2, 2026.

Profit milestone: Tether generated $1.04 billion in net profit for Q1 2026 ending March 31. Reserve record: Excess reserves climbed to $8.23 billion, an all-time high. Asset breakdown: Total assets reached approximately $192 billion against $183.5 billion in liabilities, primarily from ~183 billion USDT in circulation. Key holdings: Reserves include $141 billion in U.S. Treasuries, $20 billion in physical gold, and $7 billion in...

Bitcoin, Cryptocurrencies, Front page, News, Stablecoins

Tether Proposes Three-Way Merger to Build Premier Listed Bitcoin Company

Written on May 1, 2026.

Merger structure: Tether Investments proposes a two-stage combination of Twenty-One Capital (NYSE: XXI) first with Strike, then with Elektron Energy. Strategic vision: The combined entity would become “the premier listed Bitcoin company in the world,” integrating BTC treasury management, financial services and mining operations. Key holdings: The new platform would control approximately 43,514 BTC from XXI’s treasury and leverage...

Bitcoin, Cryptocurrencies, Front page, News

Tag: Front page

Coinbase Cuts 14% of Workforce as It Shifts to AI-Native Operations

Western Union Launches USDPT Stablecoin on Solana for 24/7 Global Settlements

Kraken Parent Payward Completes Bitnomial Acquisition

Tether Posts $1.04 Billion Q1 Profit

Tether Proposes Three-Way Merger to Build Premier Listed Bitcoin Company

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Tag: Front page

Coinbase Cuts 14% of Workforce as It Shifts to AI-Native Operations

Western Union Launches USDPT Stablecoin on Solana for 24/7 Global Settlements

Kraken Parent Payward Completes Bitnomial Acquisition

Tether Posts $1.04 Billion Q1 Profit

Tether Proposes Three-Way Merger to Build Premier Listed Bitcoin Company

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