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AI Is Causing A Tidal Wave Of Job Cuts At Crypto Firms
AI Is Causing A Tidal Wave Of Job Cuts At Crypto Firms
Layoffs are spreading across crypto and fintech — and executives increasingly say AI is part of the reason, according to Bloomberg.
Coinbase, PayPal, Gemini, and Crypto.com have all recently cut jobs while emphasizing efficiency and automation. On Tuesday, Coinbase CEO Brian Armstrong framed the shift in stark terms, warning that “the biggest risk now is not taking action” as the company tries to become “lean, fast, and AI-native.”
Bloomberg writes that the trend gained momentum after Block, Inc. — the...
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Mar 25, 2026 / Tyler Durden
Days After Trump Delays Xi Summit, Chinese Carrier Unveils 101-Jet Airbus Deal
Days After Trump Delays Xi Summit, Chinese Carrier Unveils 101-Jet Airbus Deal
Days after President Donald Trump delayed a planned meeting with Chinese President Xi Jinping over the now 26-day-old U.S.-Iran conflict, one of China's top state-owned airlines unveiled a major narrow-body aircraft deal with Airbus.
China Eastern Airlines announced a $15.8 billion deal for 101 Airbus A320neo aircraft on Wednesday, with deliveries scheduled between 2028 and 2032.
The Shanghai-based carrier, which operates domestic and international passenger and cargo flights, said it negotiated prices well below list value and expects to fund...
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May 23, 2026 / Tyler Durden
"Some Progress Made" In Iran Peace Talks, Mediators Claim; Trump Says 'Solid 50/50' On 'Blowing Them To Kingdom Come'
May 31, 2026 / Tyler Durden
"Well-Funded" NGO Machine Behind Newark Anti-ICE Chaos; Bessent Signals Nonprofit Crackdown
"Well-Funded" NGO Machine Behind Newark Anti-ICE Chaos; Bessent Signals Nonprofit Crackdown
Anti-ICE demonstrations outside Delaney Hall in Newark, New Jersey, an ICE immigration detention facility, escalated in the overnight hours as the far-left and well-funded maximum pressure campaign entered its ninth day on Saturday. The continued mobilization only suggests a coordinated pressure operation, with dark-money-funded NGOs appearing to provide organizational and financial support.
Citizen journalist Nick Sortor went undercover at the anti-ICE encampment outside Delaney Hall in Newark on Saturday night, documenting what he described as far-left revolutionaries training their...
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