Bitcoin price on the skids as investors pull money from crypto

Bitcoin price on the skids as investors pull money from crypto

London CNN  —  The price of bitcoin has dropped nearly 9% since early Thursday as part of a broader sell-off of risky assets. A report that Elon Musk’s Space X had dumped the cryptocurrency stoked investors’ fears. According to CoinGlass, a cryptocurrency trading platform, $1 billion has been drained from cryptocurrencies over the past 24 …

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Gray Fire: Residents ordered to evacuate amid threat of growing wildfire in Washington state, medical facilities sheltering in place

Gray Fire: Residents ordered to evacuate amid threat of growing wildfire in Washington state, medical facilities sheltering in place

CNN  —  A growing wildfire in eastern Washington state has caused two medical facilities to shelter in place and some residents have been asked to evacuate.  The fire, known as the Gray Fire, has burned through 500 acres near Medical Lake, Washington, Spokane County Fire District 10 said in a social media post on Friday. …

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Evergrande’s bankruptcy may be just the beginning of China’s real estate crisis

Evergrande’s bankruptcy may be just the beginning of China’s real estate crisis

New York CNN  —  Evergrande’s US bankruptcy serves as a cautionary tale about the growth-at-all-costs model that underpinned China’s spectacular growth over the past 30 years.  For decades, Evergrande, once one of China’s most successful real estate developers, gobbled up debt as China’s economy exploded. Demand for housing was so strong, homebuilders often pre-sold apartment …

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