Coinbase Global Inc

FTX in talks to raise $1 billion at valuation of about $32 billion

Sam Bankman-Fried speaks onstage during the first annual Moonlight Gala benefitting CARE – Children With Special Needs at Casa Cipriani on June 23, 2022 in New York City.Craig Barritt | Getty ImagesSam Bankman-Fried’s crypto conglomerate FTX is in talks with investors to raise up to $1 billion in new funding that would keep the company’s …

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Lennar, Coinbase, Array Technologies and more

A worker at a Lennar home under construction.Justin Sullivan | Getty Images News | Getty ImagesCheck out the companies making the biggest moves midday Monday:D.R. Horton, Lennar, PulteGroup — Homebuilder stocks moved higher on Monday after KeyBanc double upgraded the sector to overweight from underweight. Analyst Kenneth Zener said that homebuilders, which have underperformed this …

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These common myths about Ethereum’s ‘Merge’ could trip up investors

The highly anticipated Ethereum merge is right around the corner and even after the many months investors have spent preparing for it, suspense in the market is still building. Excitement around the merge has ballooned, and injected some optimism into the market as cryptocurrencies alongside stocks continue on their rough ride for the year. Ether, …

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FTX grew revenue 1,000% during the crypto craze: Leaked financials

Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, US, on Wednesday, Aug 17, 2022.Jeenah Moon | Bloomberg | Getty ImagesFTX rode the crypto craze to a billion dollars in revenue last year while expanding its …

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Wendy’s, Coinbase, Buzzfeed and more

Check out the companies making headlines before the bell:Wendy’s (WEN) – Wendy’s shares fell 1% in premarket trading following a mixed quarter, which saw the restaurant chain report better-than-expected earnings while revenue fell short of Street forecasts. U.S. same-restaurant sales rose 2.3%, less than analysts had estimated, as consumers spent more cautiously.Coinbase (COIN) – The …

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Tornado Cash crackdown by Treasury punishes honest crypto investors

A tornado is seen on a field in D’arcy, Saskatchewan, Canada June 15, 2021.Neil Serfas | via ReutersThe Treasury Department’s crackdown on Tornado Cash was meant to stop criminals. But a lot of ordinary crypto investors with honest intentions are now at risk.”Every U.S. person is going to have to be very careful about transacting …

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Shopify sinks 16% after company plans to lay off 10% of workers

An employee works at Shopify’s headquarters in Ottawa, Ontario, Canada.Chris Wattie | ReutersShopify is laying off roughly 1,000 workers, or around 10% of its global workforce, the company announced Tuesday.Shares of Shopify sank more than 16% following the announcement.In a memo to staff, CEO Tobi Lutke acknowledged he had misjudged how long the pandemic-driven e-commerce …

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