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The Latest Breaking News from TER

Death toll rises as Storm Ciaran sweeps across Western Europe

At least 12 people have been killed as Storm Ciaran battered Western Europe with record winds of up to 200 kilometres per hour, causing travel mayhem with closed ports, flight cancellations and rail disruption.

Radio France Internationale

Storm Ciarán triggers three days of travel chaos in the UK and beyond

Commuters warned: “Work from home on Thursday if you can, avoiding any non-essential journeys particularly early on Thursday morning”

The Independent UK

Markets Today: Stocks Under Pressure as Alphabet Earnings Disappoint

Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are down -0.28%, and the Dec Nasdaq 100 E-Mini futures (NQZ2 3) are down -0.53%. Stock index futures this morning are moderately lower on some disappointing technology earnings results. Alphabet is down more than -6% in pre-market trading after reporting weaker-than-expected...

Barchart

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France to launch German-style cut-price monthly rail pass

Pass will cost about €49 a month and allow users unlimited travel on TER regional trains and intercity trains

The Guardian - UK

Train versus plane: with many domestic flights banned in France, we test its rail network

Visionary policy or pipe dream? An 18-day, 3,000km loop from Paris to the Atlantic and Mediterranean and back should tell us

The Guardian - UK

Strong turnout as France hit by ninth day of strikes against pension reform

France marked a ninth day of nationwide strikes and protests on Thursday after President Emmanuel Macron pledged to implement his disputed pensions overhaul by the end of the year. More than 250 rallies were held across the country, with violence reported in several cities.

Radio France Internationale

Congress must pass stablecoin legislation, top crypto group tells lawmakers

The letter comes ahead of a pivotal congressional hearing on Thursday.

Fortune

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Bitcoin sinks to two-week low as Silvergate fallout hurts crypto

NEW YORK: Bitcoin dropped to the lowest level in about two weeks, part of a wider retreat in crypto markets as investors digested the unraveling of a key industry payments network.

The Times of India

What the regulators' move against Binance and Paxos means for crypto

The SEC and the state of New York just went after Binance's stablecoin and the firm that issues it.

Fortune

Binance stablecoin in peril as U.S. regulators force Paxos to stop issuing BUSD

Binance says that the market cap for BUSD will decrease over time.

Fortune

The week in audio: Joanna & the Maestro; Conversations from a Long Marriage; Real Money; Ken Bruce

Joanna Lumley delights in musical exchanges with her real husband, and turns up the comedy with a fictional spouse; the excellent Aleks Krotoski tells the story of cryptocurrency Tether; and Ken Bruce pulls a shocker

The Guardian - UK

Is crypto about to go extinct?

It will likely survive, but only after more firms and currencies crash and burn. Here’s why.

Al Jazeera

The 10 biggest crypto funding rounds of 2022

How much did Crypto Winter freeze venture funding?

Fortune

Is Binance okay? Events this week had the crypto industry on edge

The crypto market jitters about Binance this week were likely overblown—but there are still reasons to be concerned about the health of the world's biggest crypto exchange.

Fortune

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news in one place.

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Fortune

Coinbase tells customers to switch to stablecoin it cofounded—without fees

The company implied that the fallout of FTX put “some stablecoins to the test.”

Tribune News Service

Bankrupt FTX hit by mysterious outflow of about $662 million as crypto industry reels

Sam Bankman-Fried’s bankrupt digital-asset exchange FTX was hit by a mysterious outflow of about $662 million in tokens in the past 24 hours, the latest twist in one of the darkest periods for the crypto industry.

The Guardian - UK

What happened to FTX and could the crisis spill over to the rest of crypto?

International exchange for crypto assets is in effect unregulated – and may have been built on sand

Benzinga

Bitcoin City: Is El Salvador's Crypto Dream Crashing Down With The Market

By Tereza Bízková

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Benzinga

NY Judge Orders Tether To Produce Documents Proving USDT Backing

Stablecoin issuer Tether must disclose financial documents to verify that it's backed by the U.S. dollar, New York Judge Katherine Polk Failla says. The company is currently in a lawsuit due to allegations that it manipulated the crypto markets.

Bangkok Post

SEC demands Zipmex clarify bankruptcy filing

The Securities and Exchange Commission (SEC) is demanding answers from executives of Zipmex after the cryptocurrency exchange refused to explain its filing for debt relief in Singapore.

Financial Times

Tether’s recovery of an $840mn loan scrutinised in Celsius bankruptcy

Case is a major test of how US insolvency rules will apply in the digital asset sector

Evening Standard

Dogecoin (DOGE) price predictions: What’s on the horizon?

No token exemplifies the volatility of cryptocurrencies better, perhaps, than Dogecoin (DOGE).

The Independent UK

Interrail passes blocked on French Riviera train line

Ban covers the coastal corridor from Marseille via Toulon, Cannes and Nice to Monaco

Evening Standard

How to buy Tether (USDT)

Tether is the world’s largest ‘stablecoin’ by market capitalisation. In theory, stablecoins offer a less volatile alternative to bitcoin and altcoins because their value is tied to a fiat currency such as the US Dollar.

Evening Standard

What are stablecoins?

Stablecoins such as USD Coin (USDC) and Tether (USDT) were created as a less volatile alternative to bitcoin (BTC)and other cryptocurrencies.

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