Bitcoin wavers, ether soars after SEC greenlights launch of U.S. bitcoin ETFs

Bitcoin wavers, ether soars after SEC greenlights launch of U.S. bitcoin ETFs

Omar Marques | Lightrocket | Getty Images Bitcoin hovered around the flat line higher late Wednesday after the Securities and Exchange Commission gave the green light for the first-ever spot bitcoin ETFs to trade in the U.S., as expected. The cryptocurrency trimmed earlier losses and was last trading flat at $46,671.22, according to Coin Metrics. … Read more

CES 2024 updates: The most interesting news and gadgets from tech's big show

CES 2024 updates: The most interesting news and gadgets from tech's big show

LAS VEGAS (AP) — Welcome to CES 2024. This multi-day trade event put on by the Consumer Technology Association is expected to bring some 130,000 attendees and more than 4,000 exhibitors to Las Vegas. The latest advances and gadgets across personal tech, transportation, health care, sustainability and more will be on display, with burgeoning uses … Read more

SEC approves first bitcoin investment funds after false start

SEC approves first bitcoin investment funds after false start

The Securities and Exchange Commission (SEC) approved nearly a dozen exchange-traded funds (ETFs) holding bitcoin on Wednesday, the first time the agency has permitted the trading of funds directly invested in a cryptocurrency. The SEC approved 11 spot bitcoin ETFs from several major companies, including BlackRock, Fidelity and Grayscale Investments, as it faced down a … Read more

Bitcoin ETFs threaten Coinbase after stock rose almost 400% in 2023

Bitcoin ETFs threaten Coinbase after stock rose almost 400% in 2023

Brian Armstrong, chief executive officer of Coinbase Global Inc., speaks during the Messari Mainnet summit in New York, on Thursday, Sept. 21, 2023. Michael Nagle | Bloomberg | Getty Images Now that the SEC has approved the creation of bitcoin exchange-traded funds, Coinbase’s position in the crypto market is poised to take a dramatic turn. … Read more

Regulators approve new bitcoin funds in move that could spur more investment in the digital currency

Regulators approve new bitcoin funds in move that could spur more investment in the digital currency

NEW YORK (AP) — The Securities and Exchange Commission reluctantly approved the first exchange-traded funds that hold bitcoin Wednesday, saying it is still deeply skeptical about cryptocurrencies and that the SEC “did not approve or endorse bitcoin” in its decision. The SEC said it is finishing the approval of 10 exchange-traded funds for bitcoin even … Read more

Kia gets its first customer for the PV5 modular electric vehicle: Uber

Kia gets its first customer for the PV5 modular electric vehicle: Uber

Kia and Uber have signed an memorandum of understanding to use the automaker’s newly announced PBV modular electric vehicles for ridehailing. PBV, which stands for Platform Beyond Vehicle, was introduced during CES in Las Vegas as a family of EVs built on a flexible vehicle architecture, with different swappable body types. The vehicle can be … Read more

Company cuts over 500 Twitch employees

Company cuts over 500 Twitch employees

Amazon is laying off about 500 employees in its Twitch livestreaming unit, an executive overseeing the business wrote in a memo to staffers Wednesday. Twitch CEO Dan Clancy said the cuts were being made in an effort to “rightsize our company” and align its headcount with the current size of the business. Amazon acquired Twitch … Read more

Regulators are set to decide whether to OK a new bitcoin fund. Here's what investors need to know

Regulators are set to decide whether to OK a new bitcoin fund. Here's what investors need to know

NEW YORK (AP) — U.S. regulators are soon expected to decide whether to approve the first bitcoin exchange-traded fund, a development that could thrust the once niche and nerdy corner of the internet even further into the financial mainstream. The regulatory greenlight has been anticipated for several months and the price of bitcoin has jumped … Read more