Coinbase Is Rescinding Job Offers Via Email as Crypto Spirals

The crypto spiral is turning Coinbase into that employer who rescinds job offers via email.Drawing: Leon Neal (Getty Images) Late Thursday, the once-mighty cryptocurrency exchange Coinbase, which reported a 4,900% increase in profits in 2021, announced that it was pausing hiring “for the foreseeable future” because of the current market conditions. And while pausing hiring … Read more

Terra Collapse Teaches About ‘Crypto’ And Bitcoin

Terra is crumbling. The blockchain project home to the popular algorithmic stablecoin TerraUSD (UST), which had recently become the fourth-largest stablecoin by market value but now sits at fifthis near collapse as UST repeatedly fails to sustain its $1 peg and LUNA, the blockchain’s native token, nears zero. Terraform Labs, the tech start-up behind the … Read more