Home robots are here, but they still can’t do much

Home robots are here, but they still can’t do much

Amazon’s Astro home robot Amazon Electronics companies have for years paraded around flashy, futuristic prototypes of consumer robots. They’ve pointed to a not-too-distant future where people will have roaming robot helpers around their home that can do the dishes or even act as a personal masseuse. So far, few of those predictions have panned out, … Read more

Grayscale sues SEC after rejected bid to turn bitcoin fund into ETF

Grayscale sues SEC after rejected bid to turn bitcoin fund into ETF

The SEC on Wednesday rejected Grayscale’s application for a spot bitcoin ETF, citing a failure by the investment manager to answer questions about concerns around market manipulation. Nurphoto | Nurphoto | Getty Images Grayscale, which manages the world’s largest bitcoin fund, said it would sue the U.S. Securities and Exchange Commission after regulators turned down … Read more

DeFi’s Existential Problem: It Only Lends Money to Itself

DeFi’s Existential Problem: It Only Lends Money to Itself

Remember how the banking system self-destructs every few decades? Now imagine if banks only lent money to finance other banks, and you may get a notion of the house of cards that is “decentralized finance,” or DeFi. Cryptocurrencies keep nosediving, with bitcoin hovering around $20,000 for the first time since 2020. The chaos has spread … Read more

The Most Valuable Business on Earth Could Be Hiding Inside Amazon

The Most Valuable Business on Earth Could Be Hiding Inside Amazon

Text size Amazon has created what is arguably one of the world’s best growth businesses. Thomas Samson/AFP via Getty Images Amazon Web Services just might be the most valuable business on Earth. And the most undervalued. Clearly, the optimistic view of the long-term potential of AWS isn’t reflected in the current valuation for Amazon.com stock … Read more