US stocks sink as investors prepare for earnings season to kick off
US stocks were lower to start the week after ending last week with a modest gain. Investors are bracing for earnings season, with several corporate giants on tap to report…
Bitcoin drops as much as 17%, falling below $23,000 as $200 billion wiped off crypto market over the weekend
Bitcoin tumbled below $23,000 on Monday, hitting its lowest level since December 2020, as investors dump crypto amid a broader sell-off in risk assets. Meanwhile, a crypto lending company called…
Senators introduce a bipartisan bill to regulate crypto
Sens. Kirsten Gillibrand, D-N.Y., and Cynthia Lummis, R-Wyo., on Tuesday unveiled a bipartisan bill to create a regulatory framework around crypto. The Lummis-Gillibrand bill, the product of months of Capitol…
Stabilising stablecoins: What can we learn from the collapse of TerraUSD?
In May 2022, TerraUSD (UST) – previously the third-largest stablecoin with a market cap of USD $18+ Billion – lost its peg to the US Dollar, falling almost 95 percent…
A coming crypto storm for central banks? Focus on digital money intensifies
Digital money, a curiosity just a few years ago, is emerging as an intense concern among central banks with the potential to erode the power of monetary policy, and even…