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.”
Sony announced a dedicated handheld streaming device that will allow users to stream games installed on their console to the device.
DirecTV and EverPass Media agreed to a deal to commercially provide the NFL Sunday Ticket package.
British cinema chain Cineworld is hoping to exit bankruptcy protection in July.
MoviePass launched its points-based subscription service ahead of the busy summer season.
OpenAI may pull its services in Europe due to new regulations.
Delaware state officials are hoping artificial intelligence can help evacuate beaches when floods hit.
WeWork said its chief executive and chief financial officer both plan to step down.
Shares of e-commerce giant Alibaba fell as China braces for a new wave of Covid.
Dish Network is in talks to sell wireless phone plans through Amazon, according to The Wall Street Journal.
Best Buy topped profit estimates in its latest quarter but also said consumers are spending more cautiously.
