Bitcoin fell back below $20,000 on Tuesday after enjoying its strongest run in more than three months last week, as risk aversion returned to global markets. The largest cryptocurrency dropped as much as 5.6% to $19,275, declining for a fourth straight session. It reached $22,472 on Friday amid a broader rally. Second-largest Ether tumbled more than 9% to $1,032. The MVIS CryptoCompare Digital Assets 100 index dropped 5.1%, and traded near session lows.
Retailer GameStop Corp. launched its long-awaited marketplace for nonfungible tokens Monday just as sales of such digital artworks dry up amid the crypto industry crash. The marketplace is part of a push by GameStop Chairman Ryan Cohen to expand its array of digital services and online products in a bid to turn around the struggling […]
The electric rebirth of Scout, the classic off-road SUV brand, is getting real this week as Volkswagen names Scott Keogh as CEO of its new spinoff company. The former head of VW Group America, as initially reported by Axios, pushed for VW to start a new electric truck line after seeing a fully restored vintage […]
Goldman Sachs Group Inc. has agreed to loan $233 million to Latin American e-commerce giant MercadoLibre Inc.’s fintech arm as the firm plans on expanding its credit offering in two key markets. MercadoPago, as the financial-tech business is known, will use $106 million to boost its credit portfolio aimed at individuals and smaller businesses in […]