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Coinbase Is Rescinding Job Offers Via Email as Crypto Spirals
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 may be one thing, the company then decided to be the biggest of arseholes, saying that it would rescind…
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Japan’s New Law Says Stablecoins Can Only Be Issued By Registered Financiers
The Japanese are stepping out in front of the international crowd of hungry crypto-curtailing regulators, becoming the first nation to truly clarify the legal status of stablecoins and setting a precedent for more regulations on the largely-unregulated crypto industry.
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There’s No Place for Sheryl Sandberg in the Metaverse
Sheryl Sandberg, Meta’s second-in-command for 14 years, is leaving amid perhaps the most tumultuous and uncertain period in the company’s history. Meta is fundamentally pivoting its business, and that change will occur without the original architect of that business in the picture.
