Binance Holdings Ltd., the world’s largest crypto exchange, was named among the key counterparties to digital-asset platform Bitzlato, which has been accused of processing millions of dollars in illegal funds.
Bridgewater Associates is “strongly bullish” on short-term Chinese debt, after its onshore enhanced All Weather fund reaped a 7.4% gain last year amid wild swings in local markets to help it double assets under management.
Amazon.com Inc. is halting “AmazonSmile,” a decade-old charitable program that let customers pick a charity to receive a donation from the company equal to 0.5% of their purchases.
Asia hedge funds narrowly averted their first year of double-digit losses since the 2008 financial crisis after China’s sudden easing of Covid restrictions spurred a late market rally.
Tesla Inc. dropped out of the top 10 holdings of a South Korean electric-vehicle mutual fund for the first time ever amid its epic selloff last year.
Bitcoin extended declines after snapping a rare 14-day winning streak as a mood of caution supplanted the risk appetite that drove up a variety of assets at the start of the year.
China plans to launch a government-backed app to integrate a variety of services including ride-hailing, a sign of more state involvement in a sector wracked by controversy.
Tesla Inc. CEO Elon Musk was on his way to the airport in August 2018 when he made a “split-second decision” to tweet that he was “considering” taking the company private with “funding secured” because he’d just read a news article revealing that Saudi Arabia was investing heavily in the electric-car maker.
A top Republican lawmaker asked the Commerce Department for documents linked to the enforcement of export controls on sensitive technologies, amid concerns that the Biden administration isn’t doing enough to restrict China’s access to advanced semiconductors.
Genesis Global Capital is laying the groundwork for a bankruptcy filing as soon as this week, according to people with knowledge of the situation.
