Articles by Bloomberg News
Bitcoins pummelling may be dominating headlines, but the second-largest cryptocurrency has also been suffering amid a protracted market downturn.
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(Bloomberg) A closely-watched measure of Bitcoin mining revenue has dropped to the lowest on record with more of the large-scale computing outfits that make the cryptocurrency work unplugging equipme…...
The crypto exchange run by billionaires Tyler and Cameron Winklevoss is slashing as much as 25 per cent of its workforce and winding down operations in the United Kingdom, European Union and Australi…...
(Bloomberg) A global slump in technology stocks paused on Thursday as traders debated whether a selloff spanning everything from software shares to chipmakers had gone too far. Silver tumbled anew.
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(Bloomberg) Asian stocks pared earlier losses, following US tech shares drop, on speculation regional companies have a broader mix of operations that makes them more resilient to the software-driven …...
Michael Burry, the money manager made famous in The Big Short, warned that Bitcoin's plunge could deepen into a self-reinforcing death spiral, inflicting lasting damage on companies that have spent t…...
(Bloomberg) Wall Street traders drove stocks toward all-time highs after a strong outlook from Palantir Technologies Inc. bolstered confidence in the artificial-intelligence boom. Dip buyers paced a …...
(Bloomberg) China fielded a record number of proposals for new coal-fired power plants last year even as generation from fossil fuels fell amid a surge of clean energy.
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Bitcoin steadied after falling close to the lowest level since Donald Trumps return to the White House, as some analysts said the weekends steep selloff has left crypto markets poised for a rebound.
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(Bloomberg) Wall Street kicked off February with gains in stocks as solid factory data bolstered optimism about Corporate America while losses in gold and silver moderated after Fridays dramatic rout…...