Square has agreed to buy a majority stake in Tidal, the streaming music service led by rapper Jay-Z, as part of an effort to expand the company’s suite of financial tools to musicians and emerging artists. From a report: Square will pay $297 million in a mix of cash and stock to become Tidal’s “significant majority” owner, though Jay-Z and Tidal’s…
Tag: cash
PayPal In Talks To Buy Crypto Custody Firm Curv, Reports Say
PayPal is said to be in the process of buying Curv, a technology firm that powers the secure storage of cryptocurrency, news outlet CoinDesk reported Tuesday, citing three sources familiar with the situation. From the report: Israeli news outlet Calcalist reported Tuesday that Curv was being sold for between $200 million and $300 million, without naming the buyer. “PayPal is buying…
Google Finance Adds Crypto Data Tab For Bitcoin, Ether, Litecoin and Bitcoin Cash
Google Finance now has a dedicated “crypto” field for bitcoin, ether, litecoin and bitcoin cash. CoinDesk reports: Right at the top of the page, where users can “compare markets,” crypto is listed among the five default markets, which also includes U.S., Europe, Asia and “Currencies.” At the moment, it appears Google Finance only tracks a limited number of cryptocurrencies. Bitcoin, ethereum,…
Bitcoin Could Either Become Preferred Currency For International Trade Or Face a ‘Speculative Implosion,’ Citi Says
An anonymous reader quotes a report from Reuters: Bitcoin rose nearly 7% on Monday as risk assets rallied after last week’s bond rout cooled, with Citi saying the most popular cryptocurrency was at a “tipping point” and could become the preferred currency for international trade. With the recent embrace of the likes of Tesla and Mastercard, bitcoin could be at the…
China Charges Ahead With a National Digital Currency
The electronic Chinese yuan is now being tested in cities such as Shenzhen, Shanghai and Beijing. No other major power is as far along with a homegrown digital currency. From a report: Annabelle Huang recently won a government lottery to try China’s latest economics experiment: a national digital currency. After joining the lottery through the social media app WeChat, Ms. Huang,…
Apple’s Powerful M1 MacBooks are Lowering The Resale Value of Older MacBooks
“The impressive performance and battery life gains of the new M1 MacBooks have created a historic discontinuity in the normally placid resale market,” reports ZDNet: Should you spend $800 for a one year old MacBook Air when for $200 more you could get a MacBook Air with several times the performance and 50 percent better battery life? That’s a question savvy…
Square Buys $170 Million Worth of Bitcoins
Square said today it has purchased approximately 3,318 bitcoins at an aggregate purchase price of $170 million. From a statement: Combined with Square’s previous purchase of $50 million in bitcoin, this represents approximately five percent of Square’s total cash, cash equivalents and marketable securities as of December 31, 2020.
Read more of this story at Slashdot.
Source: https://slashdot.org/story/21/02/23/2127254/square-buys-170-million-worth-of-bitcoins?utm_source=rss1.0mainlinkanon&utm_medium=feed…
Disney+ Added Content Disclaimers to 18 Episodes of ‘The Muppet Show’
118 episodes of Jim Henson’s classic TV series The Muppet Show are now streaming on Disney+, writes the AV Club — but 18 episodes now begin with a content disclaimer… The text of the disclaimers, which cannot be skipped past and include little 12-second timers so you know that you have to sit through them, explain that the episodes feature “negative…
Why Google’s Internet Balloon Project Loon Failed
Alphabet announced last month that it was winding down Loon, a nine-year-old project and a two-and-a-half-year-old spin off firm, after failing to find a sustainable business model and partners for one of its most prominent moonshot projects. Business Insider shares more details on why the project failed. From the report, which may be paywalled: CEO Alastair Wingarth told The New York…
Robinhood Sued By Family of 20-Year-Old Trader Who Committed Suicide
Robinhood was sued Monday for wrongful death by the family of Alex Kearns, a 20-year-old customer who took his life last summer after believing he had racked up big losses on the millennial-favored stock trading app. CNBC reports: “This case centers on Robinhood’s aggressive tactics and strategy to lure inexperienced and unsophisticated investors, including Alex, to take big risks with the…