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Featured Article: The downfall of the TerraUSD stable coin and its sister token "Luna" has sent shockwaves throughout the industry. Bitcoin has lost all of its 2021 gains and continues to fall. Coinbase, the U.S.' most popular crypto exchange, has taken the brunt of the fallout on wall street.
"The cryptocurrency brokerage reported a first-quarter loss late Tuesday and revenue that fell 27% from a year ago, missing Wall Street's forecasts. Coinbase shares plummeted more than 25% Wednesday and hit their lowest level ever.
Coinbase stock is now down more than 75% this year and is trading nearly 85% below its all-time high price from November. Shares have lost more than half their value in just the past week alone."(CNN Business)
2022 has proven to be a shaky year in both the stock and crypto markets and has left investors uncertain of the future.
Links to all of the articles are down below:
📰 Article 1 - More than $200 billion erased from entire crypto market in a day as sell-off intensifies
📰 Article 2 - Cryptocurrency luna now almost worthless after controversial stablecoin it is linked to loses peg
📰 Article 3 -Coinbase Stock Slides After Revenue Miss But Many Analysts Say ‘Fears Appear Greatly Overblown’
📰 Article 4 - Meta sued in Kenya over claims of exploitation and poor working conditions
https://www.cnn.com/2022/05/10/tech/meta-sued-in-kenya-lgs-intl/index.html
📰 Article 5 - SEC chair Gary Gensler takes aim at crypto exchanges for trading against their customers
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