About Us
Pricing
Briefing
Policy Crypto

Senate Panel Weighs Crypto Risks

By Jon Victor
· · Source: The Information

In a hearing today on cryptocurrencies, members of the Senate Committee on Banking, Housing and Urban Affairs heard testimony from two witnesses: an advocate who defended the merits of the technology and a critic who called crypto the “mother of all scams.” During the hour-long hearing, Peter Van Valkenburgh of research organization Coin Center and NYU economist Nouriel Roubini discussed topics...

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
The Briefing Crypto Markets
What Twitter’s $809.5 Million Legal Payout Tells Us
By Martin Peers · Sept. 20, 2021 5:00 PM PDT
Twitter's former CFO Anthony Noto. Photo by Bloomberg.
It’s tempting to view Twitter’s $809.5 million settlement today of a shareholder lawsuit—which alleged that top executives misled investors with overly optimistic statements about user growth—as a meaningful development. The news media spends much of its time obsessing over the massive gulf between company executives’ public statements and private discussions—as last week’s Wall Street Journal...
Latest Briefs
 
Reported Dinner Deal Between Zuckerberg and Trump Detailed in New Book
By Sylvia Varnham O'Regan · Sept. 20, 2021
SEC Launches Investigation Into Activision Blizzard
By Sylvia Varnham O'Regan · Sept. 20, 2021
Tech Stocks Drop Across the Board
By Aidan Ryan · Sept. 20, 2021
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Joe Lonsdale in 2017. Photo: Bloomberg
Exclusive Venture Capital Startups
Tiger Global to Invest in Joe Lonsdale’s Newest Fintech Venture
By Kate Clark
Joe Lonsdale, the former PayPal intern who co-founded big-data analytics business Palantir and wealth management platform Addepar, is raising capital for a new company to help financial advisers make private market investments.
Reddit COO Jen Wong.
Exclusive Media/Telecom E-commerce
Reddit’s Ad Revenue Expected to Double to at Least $350 Million This Year
By Sahil Patel
The “meme stock” rally that sent shares of companies like GameStop and AMC Entertainment soaring earlier this year was driven in large part by discussion on Reddit, the 16-year-old online news aggregator and discussion forum.
Redbird's Gerry Cardinale next to a statute of the Incredible Hulk. Photo by Bloomberg
Exclusive
Sports Media Investor RedBird Capital Is In Talks to Invest in LeBron James’ SpringHill
By Jessica Toonkel and Sahil Patel
RedBird Capital Partners, an investment firm specializing in sports media, is in advanced talks to buy a minority stake in NBA superstar LeBron James’ entertainment firm, SpringHill Company, according to people familiar with the matter.
Photo by Bloomberg
Apple Semiconductors
Apple Poised to Gain More Market Share Amid Chip Crunch, New Survey Shows
By Sarah Krouse
As Apple prepares to release the latest generation of its iPhone this fall, it is starting to feel the pinch Android makers have been feeling for months from the global chip shortage.
A container ship sailing past the city of Qingdao in east China's Shandong province last month. Photo by AP.
Exclusive Venture Capital Asia
Former Ant Executive’s Fintech Startup in Funding Talks at $1 Billion Valuation
By Juro Osawa
XTransfer, a Chinese cross-border payment startup headed by a former Ant Group executive, is in advanced talks with Dan Sundheim’s D1 Capital Partners and other investors to raise capital at a pre-money valuation of $1 billion, more than triple its previous funding round in January, people familiar with the matter said.
Didi Global's offices in Hangzhou, China. Photo by Bloomberg
Exclusive
Could Didi List in Hong Kong to Stop Bleeding for Shareholders?
By Juro Osawa and Shai Oster
Could the path to relief for Didi Global’s beleaguered shareholders run through Hong Kong? It’s a pressing question as Full Truck Alliance, a U.S.-listed Chinese commercial freight company, which like Didi is under cybersecurity investigation by Chinese authorities, explores with bankers the possibility of listing its shares in Hong Kong, according to two people familiar with the matter.