Coinbase Posts Loss as Crypto Market Turmoil Hits Trading Volumes

Coinbase Posts Loss as Crypto Market Turmoil Hits Trading Volumes

A representation of the cryptocurrency is seen in front of the Coinbase logo in this illustration taken March 4, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register Aug 9 (Reuters) – Coinbase Global Inc (COIN.O) reported a bigger-than-expected quarterly loss as investors worried about the rout of risky assets this year … Read more

Nasdaq closes lower as chipmaker Micron’s warning renews tech rout

Nasdaq closes lower as chipmaker Micron’s warning renews tech rout

Micron stumbles on lower revenue forecasts Semiconductor stocks drop for third session Novavax plummets after halving revenue NEW YORK, Aug 9 (Reuters) – The Nasdaq closed on Tuesday after a dismal forecast from Micron Technology dragged chipmakers and tech stocks lower as investors await inflation data in the United States that could lead the Federal … Read more

Dreaded ‘dip’ slashes billions from startup valuations

Dreaded ‘dip’ slashes billions from startup valuations

Aug 9 (Reuters) – Several high-flying startups are being brought down to earth as recent carnage in global stock markets and lackluster demand for new listings force companies to raise funds at a huge discount to their exorbitant valuations. Easy money from venture capital deals is quickly evaporating in an inflation-driven high interest rate environment … Read more

Five injured as explosions rock Russian airbase in annexed Crimea

Five injured as explosions rock Russian airbase in annexed Crimea

This content was produced in Russia, where the law limits coverage of Russian military operations in Ukraine. MOSCOW, Aug 9 (Reuters) – Explosions rocked a Russian air base near resorts on the annexed Crimean peninsula on Thursday, injuring five people according to local authorities, which Moscow attributed to detonations in ordnance stories. Local witnesses told … Read more

Record rain kills at least 8 in South Korean capital

Record rain kills at least 8 in South Korean capital

SEOUL, Aug 9 (Reuters) – At least eight people have died in and around Seoul overnight, South Korean authorities said on Tuesday, after torrential rains knocked out power, caused landslides and left roads and subways submerged. The southern part of the nation’s capital received more than 100 mm (3.9 inches) of rain per hour Monday … Read more

Singapore-based crypto lender Hodlnaut suspends withdrawals

Singapore-based crypto lender Hodlnaut suspends withdrawals

Representations of the virtual currencies Ripple, Bitcoin, Etherum and Litecoin are seen on a PC motherboard in this illustrative image, February 14, 2018. REUTERS/Dado Ruvic/Illustration/File Photo Join now for FREE unlimited access to Reuters.com Register HONG KONG, Aug 8 (Reuters) – Hodlnaut, a Singapore-based cryptocurrency lender and borrower, has suspended withdrawals, exchanges and deposits, the … Read more

Tesla’s July sales of Chinese-made vehicles fall due to factory line upgrades

Tesla’s July sales of Chinese-made vehicles fall due to factory line upgrades

Chinese-made Tesla Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. REUTERS/Aly Song/File Photo Join now for FREE unlimited access to Reuters.com Register SHANGHAI, Aug 9 (Reuters) – Tesla (TSLA.O) sold 28,217 Chinese-made vehicles in July, nearly two-thirds less than a month earlier, as a planned … Read more

Cryptoverse: blockchain bridges fall into troubled waters

Cryptoverse: blockchain bridges fall into troubled waters

Representations of the cryptocurrencies Bitcoin, Ethereum and Dash dip in water in this illustration taken May 23, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register Aug 9 (Reuters) – Another day, another hack – and another blockchain bridge burned. When thieves stole around $190 million from US crypto firm Nomad last … Read more

EXCLUSIVE Russia begins stripping airliners for parts as sanctions bite

EXCLUSIVE Russia begins stripping airliners for parts as sanctions bite

This content was produced in Russia, where law restricts coverage of Russian military operations in Ukraine MOSCOW, Aug 8 (Reuters) – Russian airlines, including state-controlled Aeroflot (AFLT.MM), are retiring jetliners to get spare parts they can no longer buy from abroad in because of Western sanctions, four industry sources told Reuters. The measures are in … Read more

Myanmar’s ambassador to China died on Sunday

Myanmar’s ambassador to China died on Sunday

A man walks past a paramilitary policeman who watches outside the Myanmar Embassy in Beijing, China August 8, 2022. REUTERS/Carlos Garcia Rawlins Join now for FREE unlimited access to Reuters.com Register BEIJING, Aug 8 (Reuters) – Myanmar’s ambassador to China died suddenly in the southwest Chinese city of Kunming on Sunday, according to an obituary … Read more