FILE PHOTO: A representation of cryptocurrency is seen in front of Coinbase logo in this illustration taken March 4, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
Brian Armstrong, CEO and Co-Founder of Coinbase, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2022. REUTERS/David Swanson/File Photo
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Coinbase CEO expects revenue to plunge over 50% - Bloomberg NewsCryptocurrency exchange Coinbase Global Inc revenue is set to reduce to half this year, Bloomberg News reported, citing an interview with chief executive officer Brian Armstrong.Coinbase did not immediately respond to a Reuters request for comment.
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US, EU weigh climate-based tariffs on Chinese steel, aluminum -Bloomberg News:The U.S. and the European Union are weighing new tariffs on Chinese steel and aluminum as part of a bid to fight carbon emissions, Bloomberg News reported on Monday, citing people familiar with the matter.China, which produces more than half of the world's steel, is accused by the EU and United States of cre
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Apple scales back self-driving car, delays launch to 2026 - Bloomberg News:Apple Inc has scaled back ambitious self-driving plans for its future electric vehicle and postponed the car's target launch date to 2026, Bloomberg News reported on Tuesday, citing people with knowledge of the matter.The iPhone maker's shares fell 2.4 per cent following the report.The company's autom
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US, EU weigh climate-based tariffs on Chinese steel and aluminum -Bloomberg NewsThe U.S. and the European Union are weighing new tariffs on Chinese steel and aluminum as part of a bid to fight carbon emissions and global overcapacity, Bloomberg News reported on Monday, citing people familiar with the matter.The idea floated within President Joe Biden's administration is still in an i
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Most crypto likely to be regulated as securities, says CEO of NYSE-owner ICENEW YORK : Most cryptocurrency tokens will likely be regulated as securities under existing securities laws in the fallout of the collapse of crypto exchange FTX, Jeff Sprecher, chief executive officer of NYSE-owner Intercontinental Exchange Inc, said on Tuesday.'I think you're going to see essentially to
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Netflix co-CEO yet to see a path to profitability in 'renting big sports'Netflix co-Chief Executive Ted Sarandos on Tuesday (Dec 6) said he has yet to see a path to profitability in live sports on the streaming service. Sarandos said the economics of professional sports were built around the economics of television - and buying rights is expensive. 'We've not seen a p
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