Crypto Suffers Dramatic One-Day Loss, Playboy Gets in on the Craze
Over the course of just 24 hours, global cryptocurrencies lost $60 billion in value. The market cap of global digital coins was around $310 billion on Thursday morning, compared to $372 billion a day earlier. The drop likely stems from fears over further regulation, in addition to Google's announcement that it will ban crypto-related ads later this year.
Plus, Playboy is the lastest company to get in on the crypto action. The company is developing a digital wallet that will allow customers to make payments on its platforms using a handful of digital coins. Playboy's chief operations officer of licensing and media said the company felt it was important to give their customers "increased payment flexibility.”
New York Attorney General Letitia James announced a lawsuit against PepsiCo Inc. on Wednesday, accusing the soda-and-snack food giant of polluting the environment and endangering public health after its single-use plastics were found along the Buffalo River.
Voting on a tentative contract agreement between General Motors and the United Auto Workers union that ended a six-week strike against the company appears too close to call after the latest tallies at several GM factories were announced Wednesday.
