Due to buying in Adani Ports and Adani Enterprises, the Gautam Adani-backed conglomerate gained a market valuation of over ₹10,160 crore on Tuesday cumulatively. But still so little compared to the market rout of more than 100 billion dollars that was trigged in Adani's empire after a US-based short-seller's report. The losses owing to the carnage in Adani stocks have …
NEW YORK — Meltdowns in the cryptocurrency space are common, but the latest one really touched some nerves. The Terra episode publicly exposed a truth long-known in the always-online crypto community: for every digital currency with staying power, like bitcoin, there have been hundreds of failed or worthless currencies in crypto’s short history. Politicians, crypto enthusiasts, and industry lobbyists all …
More than $300bn has been wiped off the total value of all cryptocurrencies in circulation as investors panic over the collapse of two of the biggest crypto tokens, while regulators are increasingly monitoring the market, which was worth almost $3 trillion at its peak. The cryptocurrency market meltdown primarily concerns two interlinked cryptocurrencies: Terra, or UST, and Luna. However, on …