Major tech stocks rallied on Tuesday, amid intense volatility in the broader stock market, as Wall Street hoped that further monetary intervention by the U.S. government will aid companies amid the coronavirus outbreak. Apple, Amazon, Facebook and Netflix each closed up 5%-6%. The broader market indices ended up nearly 5%, although they bounced around sharply during the day. The Trump...
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Genesis Creditors Could Miss Out on Recent Crypto Rally
Crypto prices have risen since parts of crypto lender Genesis filed for chapter 11 bankruptcy last month, lifting the value of customers’ crypto assets stuck in Genesis accounts. That’s not necessarily good news for Genesis’ creditors, however. Creditors are worried that any repayments they get from the bankruptcy will be made in dollars, not the original cryptocurrencies,...
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