Here's what a bitcoin ETF actually means for investors
The SEC approved the first-ever spot bitcoin ETFs on Wednesday, paving the way to begin trade. Here's what you need to know.
CNBC Technology
Ether prices spike on hopes of an ETF — but the SEC signals that's less clear cut than bitcoin
After the approval of the bitcoin ETF, the price of Ethereum cryptocurrency ether rose on hopes the SEC might green light an ETH ETF.
Scaramucci says he plans to buy U.S. bitcoin ETF, 2023 was the best year for his crypto funds
Anthony Scaramucci, founder and CEO of SkyBridge Capital, says the SEC's approval of the first spot bitcoin ETFs should be viewed as a watershed moment.
China's EV stocks start 2024 in reverse gear as price wars pressure profitability
Continuing price war and intensifying competition in the market have put profitability under pressure for China's EV makers.
Malaysia is doubling down on the chip industry to capture growth in EVs
Zafrul Aziz, Malaysia's minister for international trade and industry, explains Malaysia's plans to double down on the semiconductor sector to capture growth in the EV market.
Coinbase threatened by bitcoin ETFs after almost 400% surge in stock last year
Analysts anticipate that Coinbase's stock will pare back gains in the months ahead as ETFs capture market share from crypto exchanges.
Amazon lays off more than 500 employees in its Twitch unit
Twitch CEO Dan Clancy said the cuts were being made in an effort to "rightsize our company."
Spot ETFs offer an easier and cheaper way to invest in bitcoin
Bitcoin spot ETFs offer a cheaper way to invest in bitcoin due to lower fees compared to some centralized crypto exchanges.
Amazon cuts hundreds of jobs in Prime Video and MGM Studios: Read the memo to employees
Mike Hopkins, who oversees those units, sent a note to staffers informing them of the job cuts.
SEC's account compromise was 'not due to any breach of X's systems,' company says
Bitcoin prices shot up following the unauthorized post, but soon fell below $46,000 after the SEC clarified that it had not yet approved the bitcoin ETF.
Bitcoin falls ahead of ETF decision, ether surges 12% to highest level since May 2022
As investors awaited the official SEC decision on bitcoin exchange-traded funds, they began shifting their focus to tailwinds for ether.
iRobot shares plunge 19% on report Amazon won't offer concessions to resolve EU probe
The European Commission last November warned the deal could harm competition.
YouTube taps hospitals to create videos to help people witnessing an overdose or heart attack
YouTube launched First Aid Information Shelves, providing short videos that people can find in emergency situations.
SAP to pay more than $230 million to settle bribery charges, U.S. authorities say
SAP will pay more than $220 million to settle investigations into worldwide "recidivist" foreign bribery practices, U.S. authorities announced Wednesday.
OpenAI debuts GPT Store, new business tier after leadership fracas
OpenAI on Wednesday debuted both the GPT Store and ChatGPT Team.
After false SEC post on ETF, bulls still see bitcoin at all-time highs this year
A post from the U.S. Securities and Exchange Commission's X account falsely claimed a bitcoin exchange-traded fund had been approved.
UAE defies fintech slowdown with a 92% jump in funding — against a global plunge of 48%
Global investment in fintech sank to $51.2 billion in 2023, down 48% from 2022, data from Innovate Finance shows. Despite that, UAE fintech funding soared 92%.
China's Meituan lost $82 billion in market cap amid rising competition, slowdown in food delivery business
Stiff competition and management warning of a slowdown have wiped $82 billion off Meituan's market cap in 2023.
Trend Micro lays off 2% of its global workforce
Trend Micro, which employed 7,582 employees as of June 2023, said it would lay off 2% of its worldwide workforce as part of a business transformation plan.
HPE to acquire Juniper Networks for $14 billion
HPE said that buying Juniper, a lingering competitor, would boost margins and speed up revenue growth as it goes up against Cisco
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