A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. The meltdown of FTX has sent the price of bitcoin and other cryptocurrencies tumbling more than 60% this year…and the carnage has spread to publicly traded companies with exposure to digital assets.
“FTX’s rapid failure will invite further regulatory oversight and scrutiny of the sector, which we expect will ultimately translate into clearer guidelines for crypto market participants,” said Fadi Massih, vice president of the financial institutions group with Moody’s Investors Service. “This would likely benefit Coinbase, given its size and more established position in the sector.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
The banks surely do hate decentralized crypto.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hate speech dramatically surges on Twitter following Elon Musk takeover, new research shows | CNN BusinessTwo watchdog groups have published research that indicates Elon Musk’s claim that hate speech dramatically decreased on Twitter since he took over simply does not hold water Lol these watchdog groups have better access to Twitter mechanics than the OWNER of twitter!?!? Yeah gtfo here 😂 How about cutting out the Trump hate speech Let them debate Elon in public live.
Source: CNN - 🏆 4. / 95 Read more »
Europe agrees to cap the price of Russian oil at $60 a barrel | CNN BusinessThe European Union has reached a consensus on the price at which to cap Russian oil just days before the deadline. I hope it won't backfire as Putin always laughs last. STOP FUCKING BUYING IT! And Russia already has a plan to retaliate.
Source: cnni - 🏆 326. / 59 Read more »
'Saturday Night Live' tackles Herschel Walker's campaign in Georgia runoff election | CNN BusinessThe runoff for Georgia’s remaining US Senate seat took the spotlight during the latest episode of “Saturday Night Live.” Kids wear Meanwhile, left wing goes radio silent when it’s revealed that the DNC & the Biden campaign used Twitter to restrict free speech & deep 6 the Hunter Biden laptop story during a national election. left wing corruption
Source: CNN - 🏆 4. / 95 Read more »
UK government could mitigate strike action with military to help keep public services running | CNN BusinessThe British government is looking into bringing in the military to mitigate industrial action and keep public services running, the chairman of the governing Conservative Party said Sunday, after a wave of strikes that were sparked by a cost-of-living crisis and an economy sliding into recession. The UK far right extremist gov. is just like the US right wing gov. anti-worker and anti-union. People need to stop voting for the two Oligarch owned parties in US if they want change that can make everyone happier and live a better life. Morality Police has not been abolished in Iran.This is a lie of the IR to prevent the protests from continuing. The problem of the Iranian people is not only the hijab police,Iranian people do not want the terrorist Islamic Republic.They must pay for their murders MahsaAmini Do it
Source: cnni - 🏆 326. / 59 Read more »
Elon Musk speaks out on 'Twitter Files' release detailing platform's inner workings | CNN BusinessTwitter owner Elon Musk spoke out on Saturday evening about the so-called 'Twitter Files,' a long tweet thread posted by journalist Matt Taibbi, who had been provided with details about behind-the-scenes discussions on Twitter's content moderation decision-making, including the call to suppress a 2020 New York Post story about Hunter Biden and his laptop. What mtaibbi did not do was go through each account that got handled and look at the tweets that got them banned. Did it violate twitter rules? Were they all dick pics? If so, what is the scandal? Do you trust Elon Musk 🤔
Source: CNN - 🏆 4. / 95 Read more »