Bitcoin up 10 percent after Elon Musk says Tesla may use again

Bitcoin up 10 percent after Elon Musk says Tesla may use again

Bitcoin jumped nearly 10 percent late Sunday after Elon Musk tweeted that Tesla may resume accepting the cryptocurrency as payment. Bitcoin was trading at around $39,200 early Monday, up from about $36,000 Sunday morning, according to Coindesk data. While that’s still far below bitcoin’s all-time high of more than $60,000 in April, it represents somewhat … Read more

Coinbase to create its first NYC office

Coinbase to create its first NYC office

Coinbase, the San Francisco-based trading platform for bitcoin and other digital currencies, is setting up its first New York office, Realty Check has learned. The much-in-the-news startup, with a market valuation of $85.7 billion based on outstanding shares, went public via a highly anticipated direct listing in April — the first major cryptocurrency company in … Read more

Luxury condo building success crucial to Manhattan FiDi

Luxury condo building success crucial to Manhattan FiDi

The epic conversion of One Wall Street from offices to luxury condos poses a big risk for developer Harry Macklowe, who’s invested $1.5 billion in the landmarked former Irving Bank tower with plans to sell 565 apartments later this year. But there’s also a lot at stake for Downtown Manhattan. Downtown Alliance president Jessica Lappin … Read more

‘CryptoPunk’ NFT sells for $11.8 million at Sotheby’s

'CryptoPunk' NFT sells for $11.8 million at Sotheby’s

Who says the NFT bubble has popped?   A non-fungible token (NFT) of a digital artwork called a CryptoPunk defied expectations and just sold for $11.8 million at Sotheby’s on Thursday. “CryptoPunks are a set of 10,000 pixel-art characters made by Larva Labs in 2017” and the mega bucks one that sold— CryptoPunk #7523 — is “of … Read more

Congress looks to break up Big Tech with bold new antitrust bills

Congress looks to break up Big Tech with bold new antitrust bills

Congressional lawmakers are targeting tech giants over antitrust concerns — and the proposed legislation could force them to overhaul or even break up their increasingly dominant business empires. The package of five antitrust bills introduced by a bipartisan group in Congress on Friday — aimed at Amazon, Apple, Facebook and Google’s parent Alphabet — would … Read more

‘Doge’ NFT sells for $4 million

'Doge' NFT sells for $4 million

Doggone it — the now iconic picture of a smirking Shiba Inu just became the most expensive meme to sell as a non-fungible token, or NFT. The dog meme known as “doge” was sold in an auction Friday for approximately $4 million to an unidentified buyer with the Twitter handle @PleasrDAO. The bidder, in an … Read more

Cruise lines say no change in sailing plans despite new COVID cases

Cruise lines say no change in sailing plans despite new COVID cases

Royal Caribbean and Carnival will push ahead with a return to cruises this summer despite two guests testing positive for COVID-19 onboard a test run for Royal Caribbean’s Celebrity Millennium ship. A year after several cruise ships were host to major coronavirus outbreaks and with large numbers of Americans now vaccinated, cruise lines have been striving to get business going. Shares … Read more

El Salvador volcanoes to power bitcoin mining

El Salvador volcanoes to power bitcoin mining

Bitcoin is red-hot in El Salvador — and the country says it plans to use power from its volcanoes to mine it. El Salvador President Nayib Bukele — just hours after the country’s legislature approved the “Bitcoin Law,” making it the first to accept Bitcoin as legal tender — revealed Wednesday that the nation’s state-owned … Read more

McDonald’s hit by data breach

McDonald's hit by data breach

McDonald’s said Friday that a data breach in South Korea and Taiwan has exposed some customer and employee information, making it the latest global company to be targeted by cybercriminals. The attackers accessed emails, phone numbers and delivery addresses, but the breach did not include customer payment information, the company said. The details of the … Read more

Airbnb and Vrbo are cracking down on ‘party houses’

Airbnb and Vrbo are cracking down on 'party houses'

Vacation rental giants Airbnb and Vrbo are cracking down on properties that frequently host raucous parties, the companies said Friday. The companies are co-developing a “community integrity program” to identify problem properties — and share the information with each other, they said in a release. “The information will be available for each company to take … Read more