May 16, 2026

Crypto

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Coinbase outage: Crypto trading platform goes down a day after CEO Brian Armstrong predicted a future where non-technical people will be able to write code

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Coinbase experienced a service disruption last night attributed to “increased temperatures” in the AWS Health Dashboard. The crypto platform pointed to regional failure “in the AWS US-EAST-1 Region” – which is US East (N. Virginia) region. The outage, now resolved, came a day after Coinbase CEO Brian Armstrong predicted a future where he said that…

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Brian Armstrong, CEO of America’s largest crypto exchange, Coinbase in layoff email to employees: Over the past year, I have watched engineers use …

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Coinbase has announced plans to cut around 700 jobs, or about 14% of its global workforce. The latest round of layoffs comes as part of America’s largest crypto exchange’s restructuring effort aimed at reducing costs and aligning operations with the growing role of artificial intelligence.In an email sent to employees (later shared on the microblogging…

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Controlled movement, alternate routes, crypto tolls: Strait of Hormuz under new order — what has changed

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Strait of Hormuz (AP image) The Strait of Hormuz, which links the Gulf of Oman with the Persian Gulf, has become the focal point of global energy tensions since the war began on February 28.Ever since Iran and the US announced a two-week ceasefire, traffic through the critical waterway has remained severely restricted, with as…

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Strait of Hormuz toll? Iran to demand crypto payment from shipping firms – report

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Iran is seeking to tighten its grip over the Strait of Hormuz during the fragile two-week ceasefire, proposing an unusual system that would require oil tankers to pay transit tolls in cryptocurrency while undergoing strict scrutiny.Hamid Hosseini, spokesperson for Iran’s Oil, Gas and Petrochemical Products Exporters’ Union, said Tehran intends to monitor every vessel moving…

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Oil prices soar, crypto sinks, Asian stocks tank: How markets reacted to Trump speech on Iran

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US President Donald Trump said the month-long Iran conflict was nearing completion, stating that the US had “nearly achieved its military goals” and framing the situation as a military success. He also indicated earlier that the US could leave Iran within a two- to three-week timeframe, which had raised expectations of a possible end to…

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‘Biplomacy’: The ‘crypto bro’ who found Pakistan a seat at Trump’s table

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Bilal Bin Saqib (Photo credit: X/@Bilalbinsaqib) In January 2026, Pakistan’s top civilian and military leadership hosted Zachary Witkoff, CEO of the crypto platform World Liberty Financial, for an engagement that closely resembled a state-level visit. While the formal centerpiece was a non-binding letter of intent to explore stablecoin integration for cross-border payments, the high-profile attendance…

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David Sacks time as Donald Trump’s crypto and AI czar is over; says: Moving forward, I will …

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David Sacks, a longtime venture capitalist and former member of PayPal Mafia has now announced that the is stepping aside from his role as President Donald Trump’s special adviser on artificial intelligence and cryptocurrency. Sacks told Bloomberg that he has ‘used up’ his 130 days as a special government employee and will now serve as…

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ElonTrades’s Dubai rant goes viral amid Iran vs US-Israel war: Why crypto trader says he was asked to get license to post online in the UAE emirate

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Crypto Twitter Explodes After Influencer Claims Dubai Demanded Permit to Post A viral tweet by crypto trader ElonTrades, founder of Signal Labs, has sparked fresh debate about the rapidly evolving rules governing social media content in the United Arab Emirates. The trader, who describes himself on X (formerly Twitter) as “Crypto since 2017” and known…

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Tether Buying Gold: ‘James Bond-style’ bunker: Why a crypto firm is buying more gold than most central banks

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Gold is not just another metal. For centuries, the yellow metal has been a symbol of safety and stability, serving as a reliable hedge when markets turn volatile. Centuries ago, kings hoarded it to display their power, then, as nations modernised, central banks began stockpiling gold to shield their economies against crises. But recently, gold…

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$2 trillion wiped off crypto markets! Bitcoin halves since October; investor company shares sink to multiyear lows

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Cryptogiant Bitcoin has suffered sharp losses since the beginning of 2026, tumbling over 20%. The digital currency has given up almost half of its value since October’s record peak of over $124,000, sliding to $67,000, now worth less than it was at the start of President Donald Trump’s second term. Bitcoin is often pitched as…

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