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The Gazette in Medina, Ohio

14 May 2022

Page 16

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Newspaper

The Gazette

Location

Medina, Ohio, United States of America

Date

May 14, 2022

Page

16

Crypto turmoil shakes markets as bitcoin and Terra plunge

A volatile week hits crypto markets with bitcoin sliding to around 25 420 dollars before rebounding near 30 000. Terra stablecoin collapses from a peg to 12 cents while Coinbase incurs losses and user activity drops. Regulators push for oversight as the Fed and Yellen call for framework to curb risks.

MENTIONED IN THIS ARTICLE

CoinDesk Federal Reserve Aggres Terra Luna Anchor Lane Treasury Janet Yellen U.S Federal Reserve Jerome Powell Fed
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Broadband funds linked to infrastructure package spark debate

The $65 billion broadband allocation from the Biden infrastructure package could aid states with fiber, Wi Fi hotspots, or lower monthly charges. Each state gets $5 million for planning with a $30 monthly subsidy for low income households cited. The package aims to boost access for over 30 million Americans, amid inflation and political contention.

MENTIONED IN THIS ARTICLE

Raimondo Joe Biden Donald Trump Ment Commerce Department
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Matt Ott Ken Sweet The Associated Press New York Sively Ethereum Dogecoin Tesla Elon Musk Coinbase Wall Street Twitter Musk Detroit U.S. Securities and Exchange Commission SEC Sara Silver Quinnipiac University Silver Forbes the Gazette 2Dina County Semdg FlooringAmerica Medina Pearl Rd Ste C Medina North Gateway Pearl Road Steen Shields Cesare Benz - Lakeshore Insurance Agency, Inc N. Elmwood Ave LEGOF Poe Www Renzinsurance.com
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