Coinbase said it is laying off more than 60 employees who work in its human resources division amid a turbulent market startled by the possible demise of fellow cryptocurrency exchange FTX.
“The administration has consistently maintained that without proper oversight cryptocurrencies risk harming everyday Americans,” said White House Press Secretary Karine Jean-Pierre during today’s White House press briefing.
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Coinbase says it has no material exposure to FTX or FTTCoinbase CEO Brian Armstrong aimed to ease jitters triggered by news that FTX would sell its non-U.S. assets to Binance amid a liquidity crunch by saying the exchange he runs has no material exposure to either FTX its FTT token.
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Tether, Circle and Coinbase deny having exposure to FTX and AlamedaCircle CEO Jeremy Allaire clarified that the firm has not made loans, received FTX tokens (FTT) as collateral, or taken any positions on FTT.
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SEC Investigating Binance and Coinbase after FTX Implosion: WSJBinance, Coinbase come under SEC's regulatory scrutiny following FTX implosion Cryptocurrency
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Coinbase could benefit as crypto exchanges brace for regulatory scrutiny after FTX fallout, analysts sayRegulators are likely to take a closer look at U.S. crypto exchanges after the FTX saga. Coinbase can weather any potential storms, analysts say.
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FTX Website Experiences Temporary Outage, Warns Users Not to Make Deposits.FTX_Official’s website experienced a temporary outage on Wednesday, and it now has a banner warning users not to make deposits. cheyenneligon reports
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Binance Bails On FTX Acquisition — Here’s What Led To The FTX Crypto CrashBinance will reportedly back out of its agreement to buy rival cryptocurrency exchange FTX, the latest in the sudden unraveling of billionaire Sam Bankman-Fried’s crypto titan FTX once valued at $32 billion, taking down the value of digital assets with it.
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