The ProShares Short Bitcoin Strategy ETF , which allows traders to bet on a fall in bitcoin futures, hit a record low on Tuesday as the cryptocurrency surged on growing optimism that the launch of an exchange-traded fund tracking bitcoin is imminent.
A race is on to certify battery health and performance in used electric vehicles, with a clutch of startups scrambling to help buyers figure out how much a secondhand EV is really worth.
Chip designer Nvidia said new U.S. export curbs that block the sale of its high-end artificial intelligence chips to China came into effect on Monday as regulators advanced the timeline.
Artificial intelligence companies and governments should allocate at least one third of their AI research and development funding to ensuring the safety and ethical use of the systems, top AI researchers said in a paper on Tuesday.
U.S. digital currency asset manager Grayscale Investments on Tuesday introduced five crypto sector indices along with FTSE Russell, less than two months after winning a court backing to create an exchange-traded fund based on spot bitcoin.
Bitcoin rose 6% on Tuesday to $35,198, its highest in nearly a year-and-a-half, on mounting speculation that an exchange-traded bitcoin fund is imminent.
Italy broadly supports proposals at European Union level to ensure that Big Tech firms partly finance telecoms infrastructure in the bloc, Industry Minister Adolfo Urso said in a statement on Tuesday.
Logitech International is feeling more optimistic after slowing its rate of sales decline and offsetting the downturn with cost cuts during its second quarter, Chief Financial Officer Chuck Boynton said on Tuesday.
Corning forecast fourth-quarter core sales below market expectations on Tuesday, as the specialty glass maker grapples with slowing demand for its optical fibre cables from the telecom sector.
Fiserv raised its annual profit forecast on Tuesday after the payment services firm’s third-quarter earnings nearly doubled on strong consumer spending.
