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Live Updates: U.S. military blockade on Iranian ports in the Strait of Hormuz begins CBS NewsU.S. begins blockade in Strait of Hormuz; Trump warns Iran 'attack ships' to stay away CNBCAs ceasefire holds, Iran war could become battle of competing blockades BBCThe U.S. military is about to block ships from Iran's ports after talks failed NPR
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Over 1,000 Hollywood Boldface Names Release Open Letter Expressing "Unequivocal Opposition" to Paramount-Warners Deal The Hollywood ReporterHollywood Heavyweights Sign Letter Opposing Paramount's Deal for Warner Bros. The New York Times"They're All About To Get F*cked": Damon Lindelof Reveals Blue-Collar Reason He Signed Anti-Paramount/WBD Merger Missive DeadlineMark Ruffalo and Emma Thompson among 1,000 signatories on open letter opposing Paramount's Warner buyout The Guardian
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Lynette Hooker was concerned about husband Brian in messages to friend: "I can't be out there with him" CBS NewsDeadline looms to charge husband of woman missing in Bahamas, lawyer says NBC NewsDinghy route taken by missing American woman and jailed husband recreated as details of disappearance emerge Fox News
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As the nation contended with high inflation, high unemployment and unrest before the war, it became more than just an oil exporter.
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Here's what smart people are saying about what the failed US-Iran peace talks and Trump's blockade mean for markets markets.businessinsider.comWall Street futures drop after US-Iran peace talks fail ReutersEuropean markets open the week lower and travel stocks plunge as Iran peace hopes fade CNBCCollapse of US-Iran talks heightens fears of prolonged energy shock The Guardian
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Trump's Hormuz Blockade Risks Piling Pain on Asia Allies, China Bloomberg.comWhy Trump is threatening to blockade a strait that Iran is already blockading CNNTrump Orders Hormuz Blockade, Deepening Energy Crisis Bloomberg.comU.S. Threat to Blockade Hormuz Sets Up Risky New Showdown WSJ
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Washington once enjoyed a near monopoly over this type of economic warfare, but now American consumers and companies are starting to feel the pain.
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Cryptocurrencies, or digital assets, have gone through a lot of turmoil so far in 2022. Since their high-water mark in late 2021, major assets like Bitcoin and Ethereum have seen dramatic pullbacks in prices. These pullbacks created a chain reaction in other areas of the digital asset market, which ultimately led to the bankruptcy of several crypto platforms - and a crash that wiped out the value of a few large cryptocurrencies.
Many coins have seen massive price drops since their all-time highs and have not recovered. As an investor, how should you approach crypto now?
Crypto basics & recent tumbles
First, a brief synopsis of crypto and recent major events:
The blockchain technology used to trade cryptocurrencies has been hailed as a game-changer for the future of currency. Users can "confirm transactions without a need for a central clearing authority," which democratizes access to the economy, especially for those who have historically not had access to financial institutions. Cryptocurrencies like Bitcoin, Ethereum and other coins or tokens are simply an alternative form of payment known as digital currencies. While potential drives crypto's allure, so does speculation. And even though crypto has been lauded as "inflation-proof," its recent tumbles affect their market value rapidly.
SEE MORE Crypto in My 401(k)? In One Way It Makes Sense, But on the Other Hand …
One of the major events that occurred recently was the dramatic collapse in value of
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