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Mississippi Senator Cindy Hyde-Smith speaks to a reporter from One America News Network (OANN) from a bus window after a tour around a section of the U.S.-Mexico border on a Texas Highway Patrol vessel in Mission, Texas, U.S., March 26, 2021. REUTERS/Go NakamuraRegister now for FREE unlimited access to Reuters.comRegisterWASHINGTON, Jan 15…

The founder of the failed crypto exchange FTX has written to its former employees apologising for his role in its collapse and continuing to insist its downfall can be solely explained by a misplaced $8bn (£6.7bn). In the letter, first published by the industry news site CoinDesk, Sam Bankman-Fried wrote: “I deeply regret my oversight failure.…

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. New York CNN Business  —  The meltdown of FTX has sent the price of bitcoin and other cryptocurrencies tumbling more than 60% this year…and the…

A painful retracement in the Bitcoin (BTC) market earlier this week sent the price below $40,000 for the first time since September 2021. Many analysts predicted the decline to continue toward the $30,000 to $35,000 range, but the price reclaimed $40,000 as support again and on Wednesday BTC made an abrupt move above $44,000. This rekindled…

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Wall Street mounted a remarkable comeback during Monday's session, and CNBC's Jim Cramer believes investors who bought during the early declines should be content with that choice even if the stock market later retests its lows."These kinds of bottoms tend to be revisited, as the now fallen 10% from its high, and those who bought at the lows…

Bitcoin (BTC) will recover from the FTX “black swan event” just like other setbacks, trading team Stockmoney Lizards believes.In a tweet on Nov. 12, the popular commentator argued that the week’s events were actually nothing new for Bitcoin.FTX "a real black swan event"Despite falling 25% in days, BTC/USD is not doomed as a result of the…

Dow Jones futures were little changed overnight, along with S&P 500 futures and Nasdaq futures. The stock market rally fell Thursday morning on hawkish Fed statements, extending Wednesday's losses. But the major indexes rebounded from some key levels to close slightly lower. X Treasury yields rebounded while crude oil prices tumbled.…

Major U.S. crypto exchange Coinbase, the third largest in the world by 24 hour volume, intends to enter the derivatives trading markets, having acquired the FairX derivatives exchange.FairX is a Designated Contract Market (DCM) derivatives exchange regulated by the Commodity Futures Trading Commission (CFTC). Despite being relatively new to the…

The stock market weakened at midday Tuesday, sending the main indexes near the day's lows. An apparent easing of Covid restrictions in China could not offset the stock market's apprehension about upcoming data and Jerome Powell's speech. X The Nasdaq composite slid 0.6% and the S&P 500 fell 0.4%. The Dow Jones Industrial Average was…