#23 Daily Financial News Round Up - Nov 23,2021
Market Snapshot
Dow Jones is up by 0.05%, S&P500 is down by 0.32%, and Nasdaq Composite is down by 1.26%.
How’s crypto-market?
Bitcoin is down by 3.79%. It’s ALL red in the cryptomarkets. XRP, Decentraland, and Solana are the top three cryptocurrencies in the last 24 hours this week.
What news caught my attention?
Elon Musk’s tweet about exercising his stock option may have saved him around $480 million in taxes.
A group of US Federal Agencies came together to figure out what the regulation would allow banks to start operating in cryptocurrencies. Plans are intended to be revealed/implemented in 2022.
Verizon Communications purchased TracFone Wireless Inc. for $6.25 billion and gained 20 million new customers.
My Takeaways:
Elon Musk’s tweet sounds very much like stock market manipulation.
Regulation is coming to the crypto-party!