cryptocurrencies
InvestingGenius Group Investor Summit Highlights Top Investment Trends in Uncertain Times
InvestingRegulators Circle Ftx as Rival Exchanges Try to Calm Investors
Top StoriesShares Mixed on Fed Warning, China Acts on Property
TradingDollar Set for Biggest Two-Day Fall Since 2009 as Rate Outlook Shifts
Analysis-FTX Debacle Sparks Investor Rethink of Battered Crypto Market
Date: November 11, 2022
By Gertrude Chavez-Dreyfuss and Elizabeth Howcroft NEW YORK/LONDON (Reuters) – With major cryptocurrency exchange FTX on the brink of collapse, some investors are beginning to question the viability of a sector already bruised by the bitcoin bubble bursting and closures of key market players. Crypto markets have come under intense pressure this year, as rising...
Behind FTX’s Fall, Battling Billionaires and a Failed Bid to Save Crypto
Date: November 10, 2022
By Angus Berwick and Tom Wilson (Reuters) – On Tuesday morning, Sam Bankman-Fried, owner of cryptocurrency exchange FTX, caught his employees off-guard with a somber message. “I’m sorry,” he told them. “I fucked up.” The reason for the mea culpa: His announcement half an hour earlier that FTX’s arch-rival, Binance, planned to mount a shock...
Shares Dip, Dollar Strengthens as Markets Eye U.S. Inflation Data
Date: November 10, 2022
By Stella Qiu and Alun John SYDNEY/LONDON (Reuters) – Shares dipped slightly and the dollar firmed on Thursday, ahead of U.S. inflation data that will influence the Federal Reserve’s rate plans, while the likely collapse of a major digital asset exchange rattled crypto investors. MSCI’s world stock index slipped 0.36%, dragged down by losses in...
Dollar Climbs Ahead of Inflation Data; Cryptos Crumble
Date: November 10, 2022
By Rae Wee SINGAPORE (Reuters) – The dollar inched higher ahead of U.S. inflation data due later on Thursday, while cryptocurrencies remained under pressure after crypto exchange Binance scrapped plans to rescue its ailing rival FTX. The greenback surged on Wednesday against its peers but later pared some of those gains, with investors also digesting...
Asian Shares Fall Ahead of U.S. Cpi, Crypto Worries Mount
Date: November 10, 2022
By Stella Qiu SYDNEY (Reuters) – Asian share markets pulled back on Thursday and the dollar held its overnight gains before the big test of a U.S. consumer inflation report, while market sentiment took a dive as the likely collapse of a major crypto exchange spooked investors. With no final results available from the U.S....
World Stocks Slip as Markets Await U.S. Midterms Outcome
Date: November 9, 2022
By Herbert Lash NEW YORK (Reuters) – World stocks slid below recent seven-week highs and the dollar rose on Wednesday as investors awaited both the results of the U.S. midterm elections and key data on consumer prices that could alter the Federal Reserve’s policy on interest rates. Bitcoin, the biggest cryptocurrency by market value, fell...