New York regulators have approved two stablecoins by Paxos Trust Company and Gemini Trust Company that will be tied to the U.S. dollar and available on their respective exchanges starting Monday. Stablecoins are cryptocurrencies designed to be worth a fixed amount—often $1—but tradeable instantaneously across borders, like other tokens. Coinbase was one of the first crypto companies to show that...
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Exclusive Autonomous Vehicles Asia
Didi Chuxing Aborted $1 Billion Acquisition of Aurora Amid Concerns of U.S. Officials
After defeating Uber in China’s brutal ride-hailing war in 2016, Didi Chuxing had an even more ambitious goal: Win the global race to develop robotaxis. A year later, Didi quietly struck a $1 billion deal to acquire Aurora Innovation, the high-profile self-driving-car firm led by Chris Urmson, a pioneer in the field who started Google’s autonomous car program, now called Waymo....
Beijing Tightens Control Over Ant Group in Major Restructuring
Microsoft to Buy Nuance Communications for $16 Billion
More Than 100 Chinese Startups Withdraw IPOs From Domestic Stock Markets
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