Vincent Yu / AP

The Chinese government has banned "initial coin offerings" (or ICOs), according to reports by local media. The government committee led by China's central bank also issued a list of 60 exchanges that will be investigated, though some have already halted their ICO trades.

Why it matters: ICOs have recently exploded in popularity as an alternative mechanism for cryptocurrency-related projects to raise money to fund their development. In China alone this year, there have been 65 ICOs that have raised a total of $397.1 million as of July, according to Chinese news agency Xinhua. However, there have been rising concerns over scams, and regulators are taking action. In July, the U.S. Securities and Exchange Commission issued a warning that some ICOs may be subject to securities laws.

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Justice Department sues Google over alleged search monopoly

Illustration: Lazaro Gamio/Axios

The Justice Department and 11 states Tuesday filed an antitrust lawsuit against Google, accusing the company of using anticompetitive tactics to illegally monopolize the online search and search advertising markets.

Why it matters: The long-awaited suit is Washington's first major blow against the tech giants that many on both the right and left argue have grown too large and powerful. Still, this is just step one in what could be a lengthy and messy court battle.

Updated 35 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Americans feel Trump's sickness makes him harder to trustFlorida breaks record for in-person early voting.
  2. Health: The next wave is gaining steam.
  3. Education: Schools haven't become hotspots.
  4. World: Ireland moving back into lockdown — Argentina becomes 5th country to report 5 million infections.

In photos: Florida breaks record for in-person early voting

Voters wait in line at John F. Kennedy Public Library in Hialeah, Florida on Oct. 19. Photo: Eva Marie Uzcategui/AFP via Getty Images

More Floridians cast early ballots for the 2020 election on Monday than in the first day of in-person early voting in 2016, shattering the previous record by over 50,000 votes, Politico reports.

The big picture: Voters have already cast over 31 million ballots in early voting states as of Tuesday, per the U.S. Elections Project database by Michael McDonald, an elections expert at the University of Florida.