Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul class="summary-list"><li><keyword id="11895315" type="UNKNOWN" weightage="60" keywordseo="coinbase" source="Orion">Coinbase</keyword> CEO <keyword id="11908240" type="UNKNOWN" weightage="60" keywordseo="brian-armstrong" source="Orion">Brian Armstrong</keyword> told employees to quit in a Twitter thread criticising a petition.</li><li>The "Operation Revive COIN" petition called for three top executives to be ousted from Coinbase. </li></ul>Coinbase's CEO has told unhappy employees to quit the cryptocurrency exchange platform after a petition calling for the removal of top executives was leaked.In a lengthy Twitter thread, <a href="https://twitter.com/brian_armstrong/status/1535305015224434689">Brian Armstrong said</a> the petition labelled "<a href="https://web.archive.org/web/20220609202836/https://mirror.xyz/0x58E3a8Bc8CBFC10AC2972Fb9d0cF359E21eae56b/ZIO--5ywx1z-aKs0KCQ2PeTNutVKune7zhA1D09R0q0">Operation Revive COIN</a>", which first appeared on the cryptocurrency publishing platform, was "really dumb on multiple levels.""First of all, if you want to do a vote of <keyword id="14177282" type="UNKNOWN" weightage="60" keywordseo="no-confidence" source="Orion">no confidence</keyword>, you should do it on me and not blame the execs. Who do you think is running this company? I was a little offended not to be included :)," Armstrong tweeted.He added: "Second, if you have no confidence in the execs or CEO of a company then why are you working at that company? Quit and find a company to work at that you believe in!" Armstrong went on to suggest the move to air discontent externally hurt the company, and that it was "dumb" because any employees found to have circulated it would be fired.The petition aimed to remove chief operating office Emilie Choi, chief product officer Surojit Chatterjee, and chief people officer LJ Brock in a vote of no confidence. Employees said they were the executives most responsible for "executing plans and ideas that have led to questionable results and negative value."These included the failure of the Coinbase NFT platform, the unsustainable hiring for thousands of roles despite not hitting targets, and "a generally apathetic and sometimes condescending attitude." They said recent moves had hurt the company's share price and reputation. Shares in Coinbase, a <a href="https://fortune.com/company/coinbase/fortune500/">Fortune 500 company</a> with more than 4,900 employees, has fallen by three quarters this year as the wider crypto sector battles a downturn. The launch of Coinbase's NFT platform got off to a sluggish start last month, <a href="https://dune.com/hildobby/OpenSea-VS-LooksRare-VS-CoinbaseNFT">data show</a>, as the group traded at a fraction of competitors OpenSea and LooksRares.In February, <a href="https://www.businessinsider.com/how-to-work-at-coinbase-product-engineering-design-2022-2">the company announced it planned to hire another 2,000 employees</a>. But as the value of major cryptocurrencies <a href="https://markets.businessinsider.com/news/currencies/bitcoin-price-outlook-technical-analysis-katie-stockton-crypto-support-level-2022-5">including bitcoin fell</a> and wider economic pressures mounted, <a href="https://www.businessinsider.com/coinbase-slows-hiring-companywide-as-bitcoin-value-drops-2022-5">it said it was</a> "slowing hiring" in May, before <a href="https://www.businessinsider.com/coinbase-is-withdrawing-job-offers-and-extending-hiring-freeze-2022-6">withdrawing offers that had already been made to prospective employees</a> earlier this month. Coinbase is also <a href="https://www.businessinsider.com/coinbase-asking-staff-rate-each-other-thumbs-up-down-report-2022-5">reportedly testing out</a> having employees rate each other in an app after meetings. In the petition, Coinbase employees said they had been hurt by hurt by having "to deal with the unrealistic demands from said executives and the damage they have caused on a day-to-day basis." Coinbase declined to comment.

Quit if you're not happy, Coinbase boss Brian Armstrong tells disgruntled workers in wake of petition

<ul class="summary-list"><li><keyword id="12012796" type="UNKNOWN" weightage="60" keywordseo="opensea" source="Orion">OpenSea</keyword> has notched a new all-time high in monthly ethereum-based trading volume of $3.5 billion this month.</li><li>This record surpasses both the previous record in August and December last year.</li><li>OpenSea is the largest marketplace for nonfungible tokens.</li></ul>OpenSea, the largest marketplace for nonfungible tokens, has already notched a new record in monthly <keyword id="11892696" type="UNKNOWN" weightage="60" keywordseo="ethereum" source="Orion">ethereum</keyword> trading volume in January as the digital collectible mania rages on.<keyword id="11919795" type="UNKNOWN" weightage="60" keywordseo="nft" source="Orion">NFT</keyword> trading volume on the ethereum blockchain exceeded the $3.5 billion mark even with almost two more weeks to go, data from <a href="https://dune.xyz/rchen8/opensea" target="_blank" rel="noopener nofollow external">Dune Analytics</a> shows.The new all-time-high surpasses both the previous records of <a href="https://decrypt.co/80849/ethereum-solana-nft-market-cools-late-summer-surge" target="_blank" rel="noopener">$3.42 billion</a> in August 2021 and the <a href="https://decrypt.co/89653/ethereum-nft-market-soars-first-days-2022-opensea-3b" target="_blank" rel="noopener">$3.24 billion</a> in December of the same year.<div type="image" title="OpenSea monthly volume (Ethereum)" height="350" width="701" msid="88979634" hostid="261"></div>Daily ethereum trading volume for the first month of the year did not fall below $169 million, even notching $261 million peak on January 9.The record-breaking sales do not come as a surprise as the popularity of NFTs — <a href="https://www.businessinsider.com/non-fungible-tokens-nfts-have-taken-over-heres-why-theyre-important-2021-4?utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_source=markets&amp;utm_source=markets&amp;utm_source=markets" target="_blank" rel="noopener">digital representations</a> of artwork, sports cards, or other collectibles tied to a blockchain — shows no signs of abating.Collections such as CryptoPunks, considered one of the original NFT collections since it came out in 2017, and Bored Ape Yacht Club, which launched in April 2021, have been highly coveted by investors from Wall Street and Hollywood. Each digital collectible can command up to millions. NFTs recorded over $12 billion in sales on the ethereum blockchain in 2021, marking a stunning 17,864% year-on-year growth compared to 2020's $67 million, according to data from <a href="https://nonfungible.com/market/history" target="_blank" rel="noopener">NonFungible.com</a>.As a result, newcomers, such as <a href="https://looksrare.org/" target="_blank" rel="noopener">LooksRare</a>, are attempting to ride the wave too. Just 24 hours after the new NFT marketplace launched, it has already hosted $105 million in trading volume based on Dune Analytics data as reported by <a href="https://www.coindesk.com/tech/2022/01/11/one-day-after-launch-opensea-competitor-looksrare-sells-over-100m-in-nfts/">CoinDesk</a>. As a whole, NFTs still have yet to fully break into the mainstream due to their highly speculative nature. Many also still question the intrinsic value of these tokens.Still, this has not stopped figures such as NBA star <a href="https://markets.businessinsider.com/news/currencies/steph-curry-nft-bored-ape-yacht-club-180000-ethereum-nba-2021-8?utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_source=markets" target="_blank" rel="noopener">Stephen Curry</a> and hip hop artist <a href="https://markets.businessinsider.com/news/currencies/eminem-bored-ape-yacht-club-nft-opensea-celebrity-music-grammy-2022-1?utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_source=markets" target="_blank" rel="noopener">Eminem</a> from hopping in on the craze.

NFT platform OpenSea hits monthly record of $3.5 billion in ethereum trading volume as digital collectible mania rages on

<ul><li>Early rumours indicated that NFTs worth more than $200 million had been stolen from the world’s largest <keyword id="11046450" type="General" weightage="20" keywordseo="nft-marketplace" source="Orion">NFT marketplace</keyword>, <keyword id="11928103" type="General" weightage="50" keywordseo="opensea" source="Orion">OpenSea</keyword>.</li><li>According to the company, only $1.7 million worth of Ether has been stolen.</li><li>OpenSea is still conducting an investigation into the incident. </li></ul>OpenSea was hacked, and then it wasn’t. Early on Saturday, a hacker or a group of hackers stole millions in non-fungible tokens (<a href="http://sinsider.in/investment/news/nfts-are-the-new-crypto-wild-west-artists-and-brands-with-big-pockets-are-the-only-ones-who-can-afford-to-fight-back/articleshow/89613624.cms">NFTs</a>) from OpenSea users, sending the crypto and <keyword id="4668945" type="General" weightage="100" keywordseo="nft" source="Orion">NFT</keyword> community in a tizzy. The <a href="https://www.businessinsider.in/investment/news/openseas-nft-trade-quadruples-to-10-billion-in-under-three-months-but-axie-infinity-continues-to-be-the-crowd-favourite/articleshow/87609137.cms">world’s largest NFT platform</a> has since denied the rumours of a <keyword id="99084" type="General" weightage="20" keywordseo="hack" source="Orion">hack</keyword>, which some said led to $200 million worth of NFTs being stolen from users. Instead, it turns out that the attacker stole $1.7 million worth of Ether, according to Devin Finzer, co-founder and chief executive of OpenSea. <cmsannotation type="cmsannotation" annotationid="wazirx" comment="wazirx" text="wazirx">wazirx</cmsannotation> In a series of tweets, Finzer said that the company is conducting an in-depth investigation into the incident. "As far as we can tell, this is a <keyword id="6359049" type="General" weightage="20" keywordseo="phishing" source="Orion">phishing</keyword> attack. We don’t believe it’s connected to the OpenSea website. It appears 32 users thus far have signed a malicious payload from an attacker, and some of their NFTs were stolen,” Finzer said. <div type="twitter" handle="dfinzer" handlename="Devin Finzer (dfinzer.eth)" image="http://pbs.twimg.com/profile_images/1479933927255019520/qNhC2Zln_normal.jpg" favoritecount="1213" retweetcount="436" status="Another update: over the last few hours we’ve talked to dozens of people, teams, and projects across the NFT space. https://t.co/fB5r3cMA1r" createdat="1645342939000" id="1495302784689704966"></div> Finzer said that the hackers used a phishing attack on the victims, which should mean that they sent malicious emails to the users, which were used to steal their passwords or other personal details. The incident could also be similar to what <a href="https://www.artnews.com/art-news/news/todd-kramer-nft-theft-1234614874/">happened to</a> Todd Kramer, a gallery owner, who said that he had lost 15 NFTs, worth $2.2 million, from his Ethereum wallet through a phishing scam. That hack included four Bored Ape Yacht Club NFTs among others. <cmsannotation type="cmsannotation" annotationid="The significance of the OpenSea hack" comment="subhead" text="The significance of the OpenSea hack">The significance of the <keyword id="13035909" type="General" weightage="100" keywordseo="opensea-hack" source="Orion">OpenSea hack</keyword></cmsannotation> At a valuation of over $13 billion, OpenSea is often called the largest NFT marketplace in the world. The company claims it has over a million active user wallets. Blockchain tracking platform DappRadar <a href="https://dappradar.com/nft">shows</a> that the platform has conducted $21.8 billion in lifetime trades, which is about $5 billion more than the second largest platform — LooksRare. The incident at OpenSea also highlights a growing wave of crypto crimes that has been recorded by many in the industry. In fact, a <a href="https://markets.businessinsider.com/news/currencies/crypto-scams-7-billion-2021-bitcoin-ethereum-defi-tokens-chainalysis-2021-12">report by Chainalysis</a> from earlier this month noted that illicit wallets had amassed over $11 billion in crypto over 2021 alone. Phishing attacks are amongst the most common means used by cybercriminals to steal crypto and NFTs. The Chainalysis also noted that NFT rug pulls, where hackers create hype over a project to raise prices only to abandon it later, have also grown over the past year or so. SEE ALSO: <a href="https://www.businessinsider.in/cryptocurrency">Solana gains even as the rest of the crypto market continues to struggle</a> <a href="https://www.businessinsider.in/cryptocurrency/news/el-salvadors-nayib-bukele-is-a-president-for-the-meme-stock-generation-hes-obsessed-with-stonks-silly-numbers-bitcoin-and-the-dip/articleshow/89689749.cms">El Salvador's Nayib Bukele is a president for the meme-stock generation: He's obsessed with stonks, silly numbers, bitcoin, and the 'dip'</a> <a href="https://www.businessinsider.in/cryptocurrency/news/more-than-half-of-social-media-influencers-are-looking-to-cash-in-on-the-metaverse-and-want-bitcoin-as-payment-for-their-work/articleshow/89689201.cms">More than half of social media influencers are looking to cash in on the metaverse - and want bitcoin as payment for their work</a>

You Searched For "looksrare" and got 3 results

Quit if you're not happy, Coinbase boss Brian Armstrong tells disgruntled workers in wake of petition

Ryan Hogg

NFT platform OpenSea hits monthly record of $3.5 billion in ethereum trading volume as digital collectible mania rages on

Isabelle Lee

OpenSea claims that its hack was never a hack, users fell for phishing scams

BI India Bureau

Popular Keywords

Buying Guides