:Coinbase Global Inc reported a larger-than-expected quarterly loss on Tuesday as investors worried by this year's rout in risky assets shied away from trading in cryptocurrencies, sending its shares down 6 per cent.
Investors have dumped speculative assets from stocks to crypto this year on fears that aggressive central bank policy tightening could tip the U.S. economy into a recession.
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HKMA buys HK$2.98 billion from market as currency hits weak end of trading bandHONG KONG : Hong Kong's de-facto central bank bought HK$2.975 billion ($378.99 million) from the market in New York trading hours to stop the local currency from weakening and breaking its peg to the U.S. dollar.The Hong Kong dollar is pegged to a tight band of between 7.75 and 7.85 versus the U.S. dolla
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