Besides Coinbase Global Inc, a host of other stocks in the US that are connected to the crypto economy, are largely suffering the same faith as it relates to stock devaluation.
Gensler said the SEC needs to work together with token issuers and trading platforms to regulate the industry.
Over the last two years, the company has invested over $500 million dollars into Celsius Mining to make crypto mining its other revenue-generating stream.
Twitter stock was trading at $37.39 on Monday, representing a complete reversal of gains acquired after Musk announced minority ownership.
Tencent Music published a report for Q1 2022 that showed an expected revenue decline as the platform struggles with stiff competition.
Former US President Donald Trump has also voiced his opinion about Musk’s offer to acquire Twitter. He said on Truth Social that Musk will not buy Twitter “at such a ridiculous price.”
McDonald’s Russian business took a good footing in the country around the time when the Soviet Union was falling apart.
Goldman Sachs’ digital asset head Matthew McDermott noted that the company is expanding its presence in tune with the rise in institutional demand for crypto.
Earlier, Jeff Bezos also accused Biden of spreading disinformation. It followed the president’s proposal to reduce inflation by ensuring “the wealthiest corporations pay their fair share” that he shared on Twitter.
Saudi Aramco says its Q1 2022 net profit increased 80%, aided by rising crude prices, higher volumes sold, and improved downstream margins.
Currently, Musk’s acquisition of Twitter is “temporarily on hold” as the billionaire is still waiting for the accurate number of spam accounts to see if it is really less than 5 % as the social media company claims.
Musk put the deal to buy Twitter on hold following unconfirmed reports of the platform’s fake-account volume.
US stock futures saw their leading indexes advance even as the S&P 500 sits just 2% off impending bear market territory.
Just as US stocks shrink, Asia companies are also recording significant losses as Bitcoin, and other major cryptocurrencies face declines.
Even though details of the acquisition were not disclosed, it is reported that Icy Tools will keep its platform functionality intact.