What Grayscale’s Court Victory Means for Crypto and a US Spot-Bitcoin ETF
Tuesday’s ruling isn’t the final word on approval of a spot Bitcoin ETF, but it still helped to boost spirits in a beaten-down sector.
Tuesday’s ruling isn’t the final word on approval of a spot Bitcoin ETF, but it still helped to boost spirits in a beaten-down sector.
Tesla Inc. is facing increased scrutiny from federal regulators over its driver-assistance system known as Autopilot, with the electric carmaker being the target of a “special order” amid concerns about a possible work-around of monitoring meant to keep drivers’ hands on the wheel.
Meta Platforms Inc. intercepted a Chinese influence campaign it described as the “largest known cross-platform covert influence operation in the world,” the company said Tuesday.
The FBI said Tuesday that it has taken down a network of hacked devices responsible for extorting tens of millions of dollars from victims around the world.
In antitrust circles, Joshua Wright was a star. A former Federal Trade Commission member, he consulted for Alphabet Inc.’s Google and Amazon.com Inc. and worked with prominent law firms, the Federalist Society and GOP donors like Peter Thiel. From 2015 until last year, Wright directed faculty hiring at George Mason University’s law school, which has positioned itself at the center of the conservative legal universe.
Colin Huang’s wealth surged $4.5 billion Tuesday as shares of PDD Holdings Inc., the Chinese e-commerce company he founded, rose in New York trading.
The defeat of efforts to block a Bitcoin exchange-traded fund unleashed gains across the crypto space, including a $2 billion rally in the fund at the center of the controversy.
Grayscale Investments LLC moved closer to launching a spot-based Bitcoin exchange-traded fund in the US, a potential watershed moment in the cryptocurrency industry’s quest to tap billions of dollars from everyday investors.
US Commerce Secretary Gina Raimondo argued that China is driving away American companies by making investments in the world’s second-biggest economy increasingly hazardous.
US Commerce Secretary Gina Raimondo argued that China is driving away American companies by making investments in the world’s second-biggest economy increasingly hazardous.