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    November crypto sell-off intensifies as Bitcoin price crashes below $66,000 and Ethereum loses $1,850; $236 million liquidated in 60 minutes – Is a bigger crash coming?

    Bitcoin price fell below $66,000 and Ethereum dropped under $1,850 on November 14. The latest sell-off wiped out more than $215 million in leveraged crypto positions within an hour. BTC slid from above $67,100 towards $65,800. ETH dropped from around $1,905 to below $1,850. The selling did not stop with the two largest cryptocurrencies. Litecoin lost more than 6%, XRP fell below $1 and the Nasdaq Crypto Index declined 4.66%.

    Anup Gupta exits Nexus, latest in a wave of senior VC departures

    Anup Gupta’s upcoming departure from Nexus Venture Partners in June 2024 marks the end of nearly 17 years with the firm, contributing to a trend of significant exits within leading Indian venture capital firms. Notable recent departures include Puneet Kumar from SuprDaily and Sameer Brij Verma from Nexus, both of whom are pursuing new ventures.

    AI rockets to top of worries about financial system in latest Fed survey

    Artificial intelligence has emerged as a top concern for financial stability, according to a recent report from the Federal Reserve. A staggering 87% of respondents cited AI as a key risk, bringing attention to potential cyber threats and declining corporate earnings. There’s been a dramatic increase in debt tied to AI infrastructure investments.

    Have the stomach for recognition?

    In the latest edition of 'The World's 50 Best Restaurants', Gaggan Anand's establishment in Bangkok ranked second, while Masque secured the 26th spot. This recognition highlights the global appreciation for Indian cuisine. However, the pursuit of such accolades can pose financial strains on restaurants striving for culinary excellence. Balancing prestigious recognition with profitability will be crucial for these acclaimed establishments as they navigate the complex landscape of the dining industry.

    'No way in Hell!': Stephen Smith's hilarious response post-Trump interview takes internet by storm
    US military downs 2 Iranian attack drones as Iran claims a strike on a US radar in Bahrain

    The U.S. military reported intercepting two Iranian attack drones that were approaching Bahrain without causing any damage. Iran's Revolutionary Guard claimed responsibility for an alleged strike on a U.S. radar system in the kingdom. In a separate incident, the Guard stated a tanker struck a naval mine while transiting the Strait of Hormuz. The situation remains tense as Iran continues to threaten maritime navigation in the region.

    The Economic Times
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