Ampla, which lent money to smaller businesses that sold clothing, home furnishings and other items directly to consumers, is struggling financially and seeking a buyer.
The Securities and Exchange Commission gave its blessing to a fund that tracks the price of the most valuable cryptocurrency after Bitcoin.
Since pleading guilty to violating money-laundering rules, Changpeng Zhao, who ran the giant crypto exchange Binance, has networked across the United States to set up his next act.
Bitcoin aficionados are hoping that a scheduled reduction in the number of new coins going into circulation will cause the price of the cryptocurrency to skyrocket.
The financing faced criticism that it doesn’t mesh with U.S. commitments on climate change. Earlier, two climate advisers had resigned over the plan.
Big-name investors such as Reid Hoffman and Michael Moritz are pulling back, creating room for a new generation of tech power brokers.
Bitcoin just hit a record high, but there are big differences between now and the last crypto boom, when digital currencies became a cultural phenomenon.
The changes come as Republican lawmakers step up efforts to punish businesses that consider climate change and the environment in their operations.
Federal judges are weighing whether digital currencies should be subject to the same rules as stocks and bonds. The outcome could shape crypto’s future in the U.S.
Buying mattresses, clothes and other goods on installment plans has propped up spending, but economists worry that such loans could put some people at risk.
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