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Coinbase Discloses Restructuring Plan Amid Macro Headwinds, Pfizer Rebuts Generic Version Of COVID-19 Oral Treatment In China, Microsoft Mulls $10B Investment In ChatGPT Owner: Today's Top Stories

Benzinga

Coinbase Bows Down To Macro Headwinds, To Let Go Of 950 Employees. Coinbase Global, Inc (NASDAQ: COIN ) disclosed a restructuring plan letting go of 950 employees, helping it reduce its operating expenses by 25% amid the crypto meltdown. billion declined 13.5% month-over-month. The revenue grew by 23.9% billion ($20.6

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Valuation of Coinbase Inc.

Valutico

Coinbase Inc. Just over a year after its IPO via direct listing in April 2021, Coinbase shares have already received their first sell recommendation from an analyst. Coinbase earns the bulk of its revenue from trading fees that retail investors must pay when buying crypto through the popular trading platform.

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Major Mergers And Acquisitions Will Have A Direct Impact On The Crypto Market In 2023

Benzinga

Vodafone Group plc (LON:VOD) paid more than $180 billion for its archrival Mannesmann AG in 1999, American Online (NYSE: AOL ) acquired Time Warner for $165 billion in 2000, and Dow Inc. Coinbase Global Inc (NASDAQ: COIN ) then bought the Cipher Browser mobile wallet and Earn.com social network.

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Could Terra's Stablecoin Struggles Affect The Circle SPAC Deal And Valuation?

Benzinga

The downward moves and negative connotations building for stablecoins could spell trouble for a SPAC deal that involves a leading stablecoin company. Circle helped launch the USD Coin (CRYPTO: USDC ), a stablecoin, with partner Coinbase Global Inc (NASDAQ: COIN ) in 2018. billion to $9 billion.

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Morning Brief: Top Financial Stories Dominating on Wednesday, May 11

Benzinga

District Judge Edward Chen of San Francisco ruled that Elon Musk’s 2018 tweets of secured funding to take Tesla, Inc (NASDAQ: TSLA ) private were inaccurate and reckless. billion the company set aside in February to cover litigation and U.S. Coinbase CEO Armstrong Clarifies New Disclosure Does Not Mean Bankruptcy Risk.

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SEC Chair Gensler Supports Denial of Coinbase Petition for Crypto Rulemaking

Reynolds Holding

Today [December 15], the Commission denied a Petition for Rulemaking [1] filed on behalf of Coinbase Global, Inc. An issuer need not be a formal company issuing stock; it also includes a person or entity that organizes or sponsors the organization that is investing funds in an enterprise for profit. LBRY, Inc. ,

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SEC Announces Enforcement Results for Fiscal Year 2023

Reynolds Holding

The stand-alone enforcement actions spanned the securities industry, from billion-dollar frauds to emerging investor threats involving crypto asset securities and cybersecurity, and charged violations by diverse market participants, from public companies and investment firms to gatekeepers and social media influencers.