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The Federal Reserve hiked the interest rates by another 75 basis points on Wednesday. Assets across the financial spectrum—right from stocks to Bitcoin and gold—initially noted a couple of long green candles. However, the tides reversed quickly and the gains were mostly negated within minutes. Source: TradingView In fact, over $860 billion being was out from the US stock market yesterday, with tech and consumer cyclical companies taking the hit. JUST IN: Over $860 billion was wiped out from the US stock market today. pic.twitter.com/IqFNv4qFxG — Watcher.Guru (@WatcherGuru) November 2, 2022 FinServ company Robinhood’s shares were also 4.3% down a day back. In the after trading hours, however, it managed to glide up. After noting a close to 3% incline, HOOD was trading at $11.70. Source: Google Finance The company&rsquo ;s earnings report was out on Wednesday, and it reported a net loss of $175 million in the third quarter. The loss was, notably, s...

The Texas State Securities Board is investigating FTX US and its founder Sam Bankman-Fried for potentially offering unregistered securities . The investigation was revealed in a filing by the board’s enforcement director Joe Rotunda, who filed it within the bankruptcy case of Voyager Digital, Barrons reported on Monday. JUST IN: 🇺🇸 Texas securities regulator launches investigation into FTX US and CEO Sam Bankman-Fried. — Watcher.Guru (@WatcherGuru) October 17, 2022 The board, according to Rotunda, is looking into certain accounts offered by FTX US. These accounts pay investors yield in exchange for depositing their cryptocurrencies with the firm. People often refer to these types of accounts as “crypto yield farming.” Texas and other state securities regulators have been pursuing Voyager and other crypto companies for offering similar crypto yield farming products, which they say are unregistered securities that don’t...

Canadian company Dapper Labs has blocked operations with non-fungible tokens (NFTs) for Russian accounts. The move follows a new round of sanctions recently imposed by the EU which prohibit the provision of crypto-related services to Russian residents and entities. NFT Platform Dapper Labs Conforms to Latest EU Restrictions Against Russian Federation Dapper Labs, the creators of the Flow blockchain network and projects like Cryptokitties and NBA Top Shot, has complied with the new restrictive measures adopted by the European Union in response to Russia’s military intervention in Ukraine. The eighth package of EU sanctions was approved by Brussels on Thursday, Oct. 6, after the latest escalation of the conflict with Russia announcing partial mobilization and taking steps to annex four Ukrainian regions through what the bloc sees as fake referendums. The penalties, targeting the Russian economy, government and foreign trade, also feature financial measures affecting the busines...