Bitcoin just hit $17,000 — a level it hasn’t breached in nearly 3 years — continuing a wild run that’s reminiscent of its monster rally in 2017. The price of bitcoin was up over 4% in the last 24 hours, trading at $17,030 and hitting its highest point since Jan. 7, 2018, according to data from industry website CoinDesk.
Driverless car startup Pony.ai of China has raised another round of funding, bringing its valuation to $5.3 billion, the company said today. A fund run by the Ontario Teachers’ Pension Plan Board led the $267 million investment which also involved existing investors. Pony.ai says it has raised a total of $1 billion to date.
Nearly $1 billion worth of bitcoin with potential ties to the Silk Road black market is on the move, according to Elliptic, a London-based blockchain analysis firm. Silk Road was closed down by U.S. federal authorities in 2013, while its creator, Ross Ulbricht, was sentenced to life in prison two years later.
For financial technology ecosystem of Hong Kong to grow further, the city needs more measures in the areas of funding, talent and regulation, according to a top official from the Chinese city.
Social media app TikTok and its Chinese parent company ByteDance are fighting back in a patent infringement case that has been brought by smaller rival Triller in the United States, according to a report from Bloomberg published late Wednesday.
Amazon is making it faster for Prime members to place Whole Foods orders online and pick them up at the all U.S. store, in the latest sign of growing demand for curbside pickup services.
Social media app TikTok has pledged to do more to tackle hateful content and behavior on its platform following reports that it has a White supremacy problem and a Nazi problem.