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.”
Tobacco manufacturers have started posting new warning signs about cigarettes in over 200,000 stores across the country, one of the final steps in a lawsuit filed by the Justice Department against Big Tobacco in 1999.
The Week's Top Stories is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
Ahead of the July 4th holiday weekend, flight delays and cancellations have impacted thousands across the country. Cheddar News checked in from New York's LaGuardia Airport for more.
Overstock.com CEO Jonathan Johnson joined Cheddar News after a bankruptcy court approved its purchase of Bed Bath & Beyond's digital and IP assets. Johnson looked ahead to what consumers can expect as those assets are absorbed into Overstock.com and what lies ahead overall.
