Bitcoins surges past $30,000 as large investors bet on currency joining mainstream

In a significant development, Bitcoin extended its bull run smashing its previous record and surging over $30,000 for the very first time; investors and traders are betting that the digital currency is on its way to becoming a mainstream payment method. On Saturday, Bitcoin, the world’s most popular cryptocurrency traded as high as $33,099 with…

U.S. industry groups push back proposed changes to U.S. export control regulations

Industry groups are pushing back proposed changes to U.S. export controls regulations which are aimed at curbing the sale of high technology chips to Chinese companies, highlighting the role played by chips in addressing the COVID-19 pandemic. Nine industry groups have urged U.S. Commerce Secretary Wilbur Ross to allow public comments before allowing the rules…