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Crypto

VanEck says bitcoin OK even if U.S. Democrats return; altcoins at risk

Bitcoin may not necessarily face headwinds even if the Democratic Party returns to power in the United States, an analysis said. VanEck digital asset research head Matthew Sigel said bitcoin could remain resilient under Democrats and should be viewed separately from broader crypto regulation. He said the bigger risk would be for other cryptocurrencies such as altcoins. Bitcoin has risen about 24 percent over the past seven days and was last around $78,438.

Crypto

New York City Council launches probe into prediction markets\' \'predatory marketing practices\'

The New York City Council has launched an investigation into marketing practices by prediction market service companies. It is examining whether prediction market platforms used false or deceptive influencer marketing aimed at young people. Council Speaker Adrienne Adams sent letters to Kalshi, Polymarket, Coinbase and Gemini Titan to begin the inquiry. The council plans to assess whether abusive marketing occurred and, if needed, consider legislative, education and enforcement measures.

Mobility

Amazon\'s Zoox to launch paid robotaxi service in Las Vegas on Aug. 10

Amazon subsidiary Zoox will start a paid robotaxi service in Las Vegas from Aug. 10 local time, marking its first commercial launch. It has offered free driverless rides to the public in parts of Las Vegas and San Francisco since last year. In July, it received a temporary federal exemption from requirements for human steering and braking equipment. CEO Aicha Evans said paid rides bring higher expectations and are a new challenge.