The SEC unveiled charges against diplomat Justin Sun for fraud and securities violations, while charging celebrity backers including Jake Paul and Lindsay Lohan.
Crypto firm Tether estimates it will make $700 million in profit in the March quarter, taking its total excess reserves to over $1.6 billion, its CTO said.
Shou Zi Chew's testimony did not seem to quell many concerns that lawmakers had about its connections to China or the adequacy of its risk mitigation plan.
TikTok CEO Shou Zi Chew told U.S. lawmakers that China-based employees at its parent company ByteDance may still have access to some U.S. data from the app.
TikTok CEO Shou Zi Chew will testify before the House Energy and Commerce Committee this morning as his company fights to stave off a potential ban in the U.S.
The predictions of new record highs mark a more optimistic outlook than in January when industry executives told CNBC they expected 2023 to be a year of caution.
A witness told CNBC the driverless Cruise vehicles did not appear to detect and avoid the caution tape and bus wires, and instead became "tangled in them."
Rep. Jamaal Bowman, D-N.Y., has embraced the app and is now pushing back against a proposed ban as his colleagues are set to question TikTok's CEO on Thursday.
XRP, a cryptocurrency closely associated with Ripple, surged over 11% on Wednesday as investors grew hopeful the firm would win its legal battle with the SEC.
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