Chairman Tim Scott, R-S.C., listens to testimony by Kevin Warsh in Dirksen building on Tuesday, April 21, 2026. Tom Williams | CQ-Roll Call, Inc. | Getty Images A major rules-of-the-road bill for the crypto industry is set to get an initial vote on May 14 in the Senate Banking Committee. The step to move the…
Mateusz Slodkowski | SOPA Images | Lightrocket | Getty Images Amazon Web Services, a leading cloud provider, started reporting operational issues on Thursday that affected trading on platforms including Coinbase and FanDuel. “Full recovery is still expected to take several hours,” AWS wrote in its latest update at 3:29 p.m. ET on Friday, adding that…
Coinbase posted lower-than-expected results for the first quarter as crypto prices fell, weighing on one of the companies’ major revenue drivers — spot trading in digital assets . Here’s how Coinbase performed in its quarter ended March 31, compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. The S & P 500 is retreating from record highs Thursday, and the losses picked up steam in the afternoon after The Wall Street Journal reported…
Coinbase CEO Brian Armstrong said Tuesday that the company will cut roughly 14% of its workforce, or about 700 employees, citing a combination of market volatility and AI quickly changing how the company operates. The move comes ahead of Coinbase’s first-quarter earnings, which the company is scheduled to report Thursday. Shares fell 3% midday, after…
Nikolas Kokovlis | Nurphoto | Getty Images Prediction markets platform Polymarket is expanding into trading of perpetual futures contacts, the company said Tuesday. The announcement comes on the heels of a report from The Information that its main rival Kalshi has plans to offer crypto trading, including perpetuals. These are futures contracts that stay open…
Cheng Xin | Getty Images News | Getty Images Charles Schwab is rolling out crypto trading, allowing clients to buy bitcoin and ether through a new arm called Schwab Crypto, the company said Thursday. The move places the brokerage in direct competition with companies like Robinhood, which serves a comparatively younger clientele and also blends…
Costfoto | Future Publishing | Getty Images Coinbase received conditional approval from the U.S. Office of the Comptroller of the Currency, or OCC, to operate as a trust bank, the company said Thursday. If finalized, the crypto exchange will be able to operate payment products in addition to its custody business under federal supervision, Coinbase’s…
MicroStrategy founder Michael Saylor speaks at the Bitcoin 2021 Conference in Miami on June 4, 2021. CFOTO | Nurphoto | Getty Images Demand for bitcoin as a corporate treasury asset is once again concentrated in Michael Saylor’s Strategy as the company steps up its bitcoin buying pace. The craze of public companies that once sought…
Fannie Mae will now accept crypto-backed mortgages via a new product by mortgage company Better Home and Finance and Coinbase. It’s not the first crypto backed mortgage, but it is the first accepted by Fannie Mae, which is under government conservatorship. The offering allows homebuyers to use their crypto assets as collateral. Fannie Mae will…
