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Ray Dalio said regulators would ultimately take control of Bitcoin.com if the cryptocurrency gains mainstream success.

“I think at the end of the day if it’s really successful, they will kill it and they will try to kill it. And I think they will kill it because they have ways of killing it,” he said.

The founder of the world’s largest hedge fund, Bridgewater Associates, still believes bitcoin makes a good alternative to cash.

Source: CNBC

Cryptocurrency Litecoin saw a sudden surge in price on Monday over a press release about Walmart accepting it for payment - which turned out to be fake.

The release, published through a legitimate press channel, claimed that Walmart would accept the currency through all its digital stores.

Walmart later told US media outlets the announcement was "inauthentic".

Source: CNBC

Beijing plans to break up Ant Group’s Alipay and create a separate app for the fintech giant’s loans business.

The plan will also result in Ant turning over the user data that underpins lending decisions to a new credit scoring joint-venture that will be partly state-owned, citing people familiar with the process.

Source: CNBC

El Salvador bought 400 bitcoin worth about $20.9 million, one day before it formally adopts the world’s most popular cryptocurrency as legal tender.

The announcement came as El Salvador’s bitcoin law, which was passed in June, took effect on Tuesday.

El Salvador has launched a wallet app called Chivo which citizens can sign up to with a national ID in order to transact using Bitcoin.com.

Source: CNBC

Audi is touting its newest Grandsphere concept car as a “private jet for the road.”

The concept car represents what the Volkswagen-owned brand believes it could achieve, as it pivots to electric and autonomous vehicles.

Source: CNBC

Ryanair is expecting a "very strong recovery" in European short-haul flights, according to its chief executive, Michael O'Leary.

The airline, which forecast its capacity should return to pre-pandemic levels, has also launched 14 new routes from London airports.

Source: BBC News

Warren Buffett is showing his openness to investments that stray from the Berkshire conglomerate’s old economy core in order to adapt to the increasingly tech-driven economy.

Berkshire’s exposure to technology stocks has grown to 45% of its equity portfolio, thanks to its massive stake in Apple, worth more than $120 billion.

Source: CNBC

Apple chief executive Tim Cook has received more than five million shares in the technology giant, as he marks ten years in the job.

A company filing with the U.S. Securities and Exchange Commission
(SEC) watchdog shows that he sold most of the shares for more than $750m (£550m).

Source: BBC News

Tesla filed an application with the Texas Public Utility Commission to sell electricity in the state.

The application follows the start of a big battery build out by Tesla in Angleton, Texas (near Houston), where it aims to connect a 100 megawatt energy storage system to the grid.

Source: CNBC

Self-catered accommodation in the UK is costing on average 40% more than in the summer of 2019, according to consumer group Which?.

Its analysis, with BBC Panorama, suggests holidaymakers are paying an average of £300 more per week in August compared to before the pandemic.

The data is from AirDNA, which monitors websites such as Airbnb and Vrbo.

Source: BBC News

sweetgreen has bought Spyce, a Boston restaurant company that made a name for itself with its automated kitchen. The deal could make Sweetgreen more attractive to investors as it seeks to enter the public markets through an initial public offering.

Since its founding in 2015, Spyce has raised $24.88 million from investors, including famed chef Daniel Boulud, according to PitchBook Data.

Source: CNBC

A BMW Group project centered around the development of a long-distance electric vehicle battery has been awarded £26.2 million ($36.07 million) in joint funding from industry and the U.K. government.

The Oxford-based project, called BMW-UK-BEV, is one of four to receive funding via the Advanced Propulsion Centre Collaborative Research and Development competition.

Source: CNBC