The SEC announced this week a barrage of lawsuits against crypto exchanges Coinbase and Binance. The outcome could help define the future of the cryptocurrency sector.
This latest round of job cuts, around 950, comes after the company laid off about 1,100 people back in June.
A review found that the exchange's compliance program violated state laws, making it "vulnerable to serious criminal conduct." It will pay a $50 million fine and spend the rest beefing up oversight.
FTX CEO Sam Bankman-Fried says that, until investors get used to higher interest rates, risk assets, including cryptocurrency, won't recover.
Bitcoin and other cryptocurrencies are plunging. Here's what to know about a market that just a few months ago was being touted as the future of finance.
The company's platform allows people to buy and sell cryptocurrency. It had just gone public last year.
Coinbase's public debut comes as more institutions warm up to the idea of cryptocurrency and its popularity among investors soars.