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Bitcoin crash is crushing Coinbase. Stock plunges again – CNN

May 12, 2022
in breaking news today
Reading Time: 14 mins read
nmprofetimg 1424 - TodayHeadline
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Sherrod Brown (D-OH) spoke against cryptocurrency during a Senate Banking Committee hearing. “},{“title”:”Couple arrested for largest financial seizure by US government”,”duration”:”01:40″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/02/10/bitcoin-couple-cryptocurrency-arrest-money-laundering-pkg-qmb-vpx.cnnbusiness/index.xml”,”videoId”:”business/2022/02/10/bitcoin-couple-cryptocurrency-arrest-money-laundering-pkg-qmb-vpx.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220209182909-bitcoin-couple-hack-arrest-ilya-lichtenstein-heather-morgan-large-169.jpg”,”videoUrl”:”/videos/business/2022/02/10/bitcoin-couple-cryptocurrency-arrest-money-laundering-pkg-qmb-vpx.cnnbusiness/video/playlists/business-digital-currency/”,”description”:”A New York couple has been arrested on charges of conspiring to launder $4.5 billion in stolen cryptocurrency, and conspiring to defraud the US. 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Check out Scott Galloway’s new show on CNN+, starting in 2022.”},{“title”:”China’s cryptocurrency crackdown intensifies”,”duration”:”02:52″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/09/24/china-cryptocurrency-crackdown-transactions.cnnbusiness/index.xml”,”videoId”:”business/2021/09/24/china-cryptocurrency-crackdown-transactions.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210618145039-crypto-large-169.jpg”,”videoUrl”:”/videos/business/2021/09/24/china-cryptocurrency-crackdown-transactions.cnnbusiness/video/playlists/business-digital-currency/”,”description”:”Chinese government agencies said that all cryptocurrency-related business activities are illegal. CNN’s Clare Sebastian reports on the latest measures to counter risks posed by digital currencies.”,”descriptionText”:”Chinese government agencies said that all cryptocurrency-related business activities are illegal. 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CNN’s Jeanne Moos reports.”},{“title”:”A quarter of all the electricity in this county is powering Bitcoin mining”,”duration”:”03:08″,”sourceName”:”CNN”,”sourceLink”:”https://www.cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/04/25/watt-dnt-bitcoin-mining-electricity-washington-nr-vpx.cnn/index.xml”,”videoId”:”business/2022/04/25/watt-dnt-bitcoin-mining-electricity-washington-nr-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220424205458-bitcoin-mining-washington-watt-dnt-large-169.jpg”,”videoUrl”:”/videos/business/2022/04/25/watt-dnt-bitcoin-mining-electricity-washington-nr-vpx.cnn/video/playlists/business-digital-currency/”,”description”:”As the Bitcoin industry grows, CNN’s Nick Watt visits a Washington state county where a quarter of all electricity generated is powering Bitcoin mining.”,”descriptionText”:”As the Bitcoin industry grows, CNN’s Nick Watt visits a Washington state county where a quarter of all electricity generated is powering Bitcoin mining.”},{“title”:”Bitcoin’s carbon footprint is growing larger. Here’s why. “,”duration”:”02:34″,”sourceName”:”CNN”,”sourceLink”:”cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/02/25/bitcoin-crypto-environmental-impact-js-orig.cnn/index.xml”,”videoId”:”business/2022/02/25/bitcoin-crypto-environmental-impact-js-orig.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220225165825-restricted-china-bitcoin-mining-file-large-169.jpg”,”videoUrl”:”/videos/business/2022/02/25/bitcoin-crypto-environmental-impact-js-orig.cnn/video/playlists/business-digital-currency/”,”description”:”A new study shows that China’s crackdown on cryptocurrency has caused the bitcoin network to have even more of a carbon footprint. CNN’s Jon Sarlin talks with Alex de Vries, one of the study’s researchers, about how bitcoin now has a carbon footprint equivalent to Greece. “,”descriptionText”:”A new study shows that China’s crackdown on cryptocurrency has caused the bitcoin network to have even more of a carbon footprint. CNN’s Jon Sarlin talks with Alex de Vries, one of the study’s researchers, about how bitcoin now has a carbon footprint equivalent to Greece. “},{“title”:”Cryptocurrencies take Hollywood, sports and politics by storm”,”duration”:”02:56″,”sourceName”:”CNN”,”sourceLink”:”https://www.cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/02/11/cryptocurrency-takeover-hollywood-politics-sports-super-bowl-ads-ebof-watt-vpx.cnn/index.xml”,”videoId”:”business/2022/02/11/cryptocurrency-takeover-hollywood-politics-sports-super-bowl-ads-ebof-watt-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/211111201150-cyrpto-currency-coins-stock-large-169.jpg”,”videoUrl”:”/videos/business/2022/02/11/cryptocurrency-takeover-hollywood-politics-sports-super-bowl-ads-ebof-watt-vpx.cnn/video/playlists/business-digital-currency/”,”description”:”CNN’s Nick Watt reports on how the entertainment industry, sports and politicians are cashing in on the cryptocurrency craze.”,”descriptionText”:”CNN’s Nick Watt reports on how the entertainment industry, sports and politicians are cashing in on the cryptocurrency craze.”},{“title”:”Sen. Brown on cryptocurrency: Fraud, scams and outright theft”,”duration”:”02:35″,”sourceName”:”CNN”,”sourceLink”:”https://www.cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/02/15/senate-banking-committee-cryptocurrency-sherrod-brown-raw-sot-vpx.cnn/index.xml”,”videoId”:”business/2022/02/15/senate-banking-committee-cryptocurrency-sherrod-brown-raw-sot-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220215155931-senate-banking-committee-cryptocurrency-sherrod-brown-raw-sot-vpx-00015610-large-169.png”,”videoUrl”:”/videos/business/2022/02/15/senate-banking-committee-cryptocurrency-sherrod-brown-raw-sot-vpx.cnn/video/playlists/business-digital-currency/”,”description”:”Sen. Sherrod Brown (D-OH) spoke against cryptocurrency during a Senate Banking Committee hearing. “,”descriptionText”:”Sen. Sherrod Brown (D-OH) spoke against cryptocurrency during a Senate Banking Committee hearing. “},{“title”:”Couple arrested for largest financial seizure by US government”,”duration”:”01:40″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/02/10/bitcoin-couple-cryptocurrency-arrest-money-laundering-pkg-qmb-vpx.cnnbusiness/index.xml”,”videoId”:”business/2022/02/10/bitcoin-couple-cryptocurrency-arrest-money-laundering-pkg-qmb-vpx.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220209182909-bitcoin-couple-hack-arrest-ilya-lichtenstein-heather-morgan-large-169.jpg”,”videoUrl”:”/videos/business/2022/02/10/bitcoin-couple-cryptocurrency-arrest-money-laundering-pkg-qmb-vpx.cnnbusiness/video/playlists/business-digital-currency/”,”description”:”A New York couple has been arrested on charges of conspiring to launder $4.5 billion in stolen cryptocurrency, and conspiring to defraud the US. Officials have seized $3.6 billion, the “largest seizure of cryptocurrency ever by US law enforcement,” according to the DOJ. CNN’s Zain Asher reports. “,”descriptionText”:”A New York couple has been arrested on charges of conspiring to launder $4.5 billion in stolen cryptocurrency, and conspiring to defraud the US. Officials have seized $3.6 billion, the “largest seizure of cryptocurrency ever by US law enforcement,” according to the DOJ. CNN’s Zain Asher reports. “},{“title”:”TV star has new role: Crypto critic”,”duration”:”03:46″,”sourceName”:”CNN”,”sourceLink”:”cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2021/11/23/kim-kardashian-crypto-ben-mckenzie-js-orig.cnn/index.xml”,”videoId”:”business/2021/11/23/kim-kardashian-crypto-ben-mckenzie-js-orig.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/211130101548-ben-mckenzie-crypto-large-169.jpg”,”videoUrl”:”/videos/business/2021/11/23/kim-kardashian-crypto-ben-mckenzie-js-orig.cnn/video/playlists/business-digital-currency/”,”description”:”While A-list celebrities like Kim Kardashian and Matt Damon are being paid to promote crypto, one actor is publicly bucking the trend. Ben McKenzie, of “The OC” and “Gotham,” has become one of the most prominent critics of celebrities endorsing the controversial and booming industry. CNN’s Jon Sarlin talks with McKenzie about his journey from TV star to crypto critic.”,”descriptionText”:”While A-list celebrities like Kim Kardashian and Matt Damon are being paid to promote crypto, one actor is publicly bucking the trend. Ben McKenzie, of “The OC” and “Gotham,” has become one of the most prominent critics of celebrities endorsing the controversial and booming industry. CNN’s Jon Sarlin talks with McKenzie about his journey from TV star to crypto critic.”},{“title”:”Crypto.com buys Staples Center naming rights”,”duration”:”03:27″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/11/19/crypto-arena-staples-center-name.cnnbusiness/index.xml”,”videoId”:”business/2021/11/19/crypto-arena-staples-center-name.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/211117065412-staples-center-los-angeles-11-16-2021-large-169.jpg”,”videoUrl”:”/videos/business/2021/11/19/crypto-arena-staples-center-name.cnnbusiness/video/playlists/business-digital-currency/”,”description”:”Los Angeles’ Staples Center is becoming the Crypto.com Arena in a 20-year naming rights agreement. CEO Kris Marszalek explains why it’s the right moment to “level up” the brand.”,”descriptionText”:”Los Angeles’ Staples Center is becoming the Crypto.com Arena in a 20-year naming rights agreement. CEO Kris Marszalek explains why it’s the right moment to “level up” the brand.”},{“title”:”Crypto: The future of money or the biggest scam?”,”duration”:”03:23″,”sourceName”:”CNN”,”sourceLink”:”cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2021/11/04/crypto-js-orig.cnn/index.xml”,”videoId”:”business/2021/11/04/crypto-js-orig.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/211019083118-04-bitcoin-file-large-169.jpg”,”videoUrl”:”/videos/business/2021/11/04/crypto-js-orig.cnn/video/playlists/business-digital-currency/”,”description”:”Cryptocurrency might be everywhere, but good luck buying a cup of coffee with it. CNN’s Jon Sarlin explains why crypto can be valuable but not exactly useful.”,”descriptionText”:”Cryptocurrency might be everywhere, but good luck buying a cup of coffee with it. CNN’s Jon Sarlin explains why crypto can be valuable but not exactly useful.”},{“title”:”Jamie Dimon blasts bitcoin as ‘worthless'”,”duration”:”01:52″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/10/12/jamie-dimon-bitcoin.cnnbusiness/index.xml”,”videoId”:”business/2021/10/12/jamie-dimon-bitcoin.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/201022094013-03-jamie-dimon-file-large-169.jpg”,”videoUrl”:”/videos/business/2021/10/12/jamie-dimon-bitcoin.cnnbusiness/video/playlists/business-digital-currency/”,”description”:”JPMorgan Chase CEO Jamie Dimon once again attacked the top cryptocurrency during a virtual appearance at the Institute of International Finance Meeting. CNN’s Paul R. La Monica reports.”,”descriptionText”:”JPMorgan Chase CEO Jamie Dimon once again attacked the top cryptocurrency during a virtual appearance at the Institute of International Finance Meeting. CNN’s Paul R. La Monica reports.”},{“title”:”Crypto experts explain how to regulate the industry”,”duration”:”03:04″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/09/30/cryptocurrency-experts-regulation-sec.cnn/index.xml”,”videoId”:”business/2021/09/30/cryptocurrency-experts-regulation-sec.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210930140551-cryptocurrency-experts-regulation-sec-00001125-large-169.png”,”videoUrl”:”/videos/business/2021/09/30/cryptocurrency-experts-regulation-sec.cnn/video/playlists/business-digital-currency/”,”description”:”At a CNN Business “Foreseeable Future” event hosted by Julia Chatterley, an expert panel talks about regulating the industry and the possible risks of doing it incorrectly.”,”descriptionText”:”At a CNN Business “Foreseeable Future” event hosted by Julia Chatterley, an expert panel talks about regulating the industry and the possible risks of doing it incorrectly.”},{“title”:”Will cryptocurrency replace the dollar? Scott Galloway explains”,”duration”:”03:15″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/09/27/sam-spreen-galloway-cryptocurrency.cnn/index.xml”,”videoId”:”business/2021/09/27/sam-spreen-galloway-cryptocurrency.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210928090351-sam-spreen-galloway-cryptocurrency-00000908-large-169.png”,”videoUrl”:”/videos/business/2021/09/27/sam-spreen-galloway-cryptocurrency.cnn/video/playlists/business-digital-currency/”,”description”:”Scott Galloway explains why more traditional financial institutions are embracing cryptocurrency and what that means for fiat currency. Check out Scott Galloway’s new show on CNN+, starting in 2022.”,”descriptionText”:”Scott Galloway explains why more traditional financial institutions are embracing cryptocurrency and what that means for fiat currency. Check out Scott Galloway’s new show on CNN+, starting in 2022.”},{“title”:”China’s cryptocurrency crackdown intensifies”,”duration”:”02:52″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/09/24/china-cryptocurrency-crackdown-transactions.cnnbusiness/index.xml”,”videoId”:”business/2021/09/24/china-cryptocurrency-crackdown-transactions.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210618145039-crypto-large-169.jpg”,”videoUrl”:”/videos/business/2021/09/24/china-cryptocurrency-crackdown-transactions.cnnbusiness/video/playlists/business-digital-currency/”,”description”:”Chinese government agencies said that all cryptocurrency-related business activities are illegal. CNN’s Clare Sebastian reports on the latest measures to counter risks posed by digital currencies.”,”descriptionText”:”Chinese government agencies said that all cryptocurrency-related business activities are illegal. CNN’s Clare Sebastian reports on the latest measures to counter risks posed by digital currencies.”},{“title”:”El Salvador divided over making bitcoin legal tender”,”duration”:”03:42″,”sourceName”:”CNN”,”sourceLink”:”https://edition.cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/business/2021/09/07/el-salvador-bitcoin-legal-tender-romo-pkg-intl-hnk-vpx.cnn/index.xml”,”videoId”:”business/2021/09/07/el-salvador-bitcoin-legal-tender-romo-pkg-intl-hnk-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210907001537-el-salvador-bitcoin-legal-tender-romo-pkg-intl-hnk-vpx-00032922-large-169.png”,”videoUrl”:”/videos/business/2021/09/07/el-salvador-bitcoin-legal-tender-romo-pkg-intl-hnk-vpx.cnn/video/playlists/business-digital-currency/”,”description”:”El Salvador has become the first country to adopt bitcoin as legal tender. President Nayib Bukele is betting on cryptocurrency to boost to the battered Salvadorian economy, but not everybody is convinced. CNN’s Rafael Romo reports. “,”descriptionText”:”El Salvador has become the first country to adopt bitcoin as legal tender. President Nayib Bukele is betting on cryptocurrency to boost to the battered Salvadorian economy, but not everybody is convinced. CNN’s Rafael Romo reports. “},{“title”:”This $22.5M condo could be the most expensive home ever paid for in crypto”,”duration”:”00:59″,”sourceName”:”CNN Business”,”sourceLink”:”https://www.cnn.com/specials/investing/cryptocurrency”,”videoCMSUrl”:”/video/data/3.0/video/business/2021/06/09/cryptocurrency-miami-penthouse-orig.cnn-business/index.xml”,”videoId”:”business/2021/06/09/cryptocurrency-miami-penthouse-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210609170350-cryptocurrency-miami-penthouse-01-large-169.jpg”,”videoUrl”:”/videos/business/2021/06/09/cryptocurrency-miami-penthouse-orig.cnn-business/video/playlists/business-digital-currency/”,”description”:”Boasting ocean views and a 5,000 sq ft interior, this $22.5M Miami penthouse could be the most expensive US real estate purchase ever made using u003ca href=”https://www.cnn.com/specials/investing/cryptocurrency” target=”_blank”>cryptocurrencyu003c/a>.”,”descriptionText”:”Boasting ocean views and a 5,000 sq ft interior, this $22.5M Miami penthouse could be the most expensive US real estate purchase ever made using u003ca href=”https://www.cnn.com/specials/investing/cryptocurrency” target=”_blank”>cryptocurrencyu003c/a>.”},{“title”:”Ethereum’s 27-year-old founder says we’re in a crypto bubble. Did it just burst?”,”duration”:”03:01″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/05/19/crypto-ethereum-vitalik-buterin-elon-musk-bubble-orig.cnn-business/index.xml”,”videoId”:”business/2021/05/19/crypto-ethereum-vitalik-buterin-elon-musk-bubble-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210518150319-01-vitalik-buterin-file-large-169.jpg”,”videoUrl”:”/videos/business/2021/05/19/crypto-ethereum-vitalik-buterin-elon-musk-bubble-orig.cnn-business/video/playlists/business-digital-currency/”,”description”:”Vitalik Buterin is the 27-year-old co-founder of the world’s second largest cryptocurrency, Ethereum. He talks bubbles, Elon Musk, and “screwing the big guy” with CNN Business’ Matt Egan.”,”descriptionText”:”Vitalik Buterin is the 27-year-old co-founder of the world’s second largest cryptocurrency, Ethereum. He talks bubbles, Elon Musk, and “screwing the big guy” with CNN Business’ Matt Egan.”}],’js-video_headline-featured-1n7hd49′,”,”js-video_source-featured-1n7hd49″,true,true,’business-digital-currency’);if (typeof configObj.context !== ‘string’ || configObj.context.length
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