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Happy Monday! In the absence of central governments self-regulatory mechanisms, states are framing laws for online real money gaming. This and more in today s ETtech Morning Dispatch. ....
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Behind Bitcoin’s recent slide: Imploding bets and forced liquidations Premium (REUTERS) Alexander Osipovich, Share Via Bitcoin’s rally appears to be running out of steam, at least for now. The digital currency dropped again Friday, briefly falling below $50,000 a decline of more than 20% from its record of $64,829 on April 14. TRENDING STORIESSee All 2 min read Premium 1 min read Premium 1 min read 1 min read . 09:39 AM IST Bitcoin’s high coincided with the stock-market debut of Coinbase Global Inc., the biggest U.S. cryptocurrency exchange. The two events marked the pinnacle of a heady rally for cryptocurrencies that began last year. Bitcoin’s price more than tripled in 2020 and doubled to start 2021 before slipping. ....