In a hearing today on cryptocurrencies, members of the Senate Committee on Banking, Housing and Urban Affairs heard testimony from two witnesses: an advocate who defended the merits of the technology and a critic who called crypto the “mother of all scams.” During the hour-long hearing, Peter Van Valkenburgh of research organization Coin Center and NYU economist Nouriel Roubini discussed topics...
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Netflix Could Boost U.S. Revenue 21% With Advertising Push
Netflix has spent its entire existence setting the trend for others in video streaming to follow. But as it prepares to launch an ad-supported tier, Netflix executives are pondering a different question: Which rival service should it follow as a model? At one extreme is Disney-controlled Hulu, which runs more ads than most services and therefore generates more money per subscriber, industry...
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The crypto party was as raucous as ever—and then someone turned on the lights. After a year of record-high token prices and newfound support from legacy financial institutions like Fidelity and BlackRock, reality bit hard the second week of May when the algorithmic stablecoin terraUSD (known as UST) crashed, taking down some $400 billion in crypto market cap with it.