Bitcoin spiked suddenly Monday afternoon following news users of the “Cash” mobile payments app could trade the cryptocurrency in New York. The largest cryptocurrency by market capitalization gained more than 4.5 percent to $6,793, its highest since Tuesday, according to CoinDesk’s bitcoin price index. Bitcoin was trading near $6,732 as of 2:26 p.m. ET. Cash […]
Read moreApple’s chief executive, Timothy D. Cook, may be the leader of the world’s most valuable public company, but lately he has had to act a lot like the tech industry’s top diplomat. Last month he visited the Oval Office to warn President Trump that tough talk on China could threaten Apple’s position in the country. […]
Read moreTesla CEO and chairman Elon Musk went after shorts on Twitter over the weekend. He generally warned investors selling his electric vehicle venture short that they have about 3 weeks to cover if they don’t want to lose their money. tweet 1 Tesla stock has rallied more than 20 percent since the company’s early June […]
Read moreSkySkopes, an unmanned aircraft operator based in North Dakota, has devised a new way to string power lines using drones. Their multi-step process uses an unmanned drone to pull a lightweight rope. This initial lead line pulls a heavier metal cable, and finally the cable pulls the much heavier power lines. Typically, large power lines […]
Read moreU.S. online survey company SurveyMonkey on Monday said it had confidentially registered for an initial public offering with the Securities and Exchange Commission, through its parent SVMK. The number of shares to be offered and the price range for the proposed offering have not yet been determined, the company said. In May, sources told Reuters […]
Read morePresident Donald Trump signed the third space directive of his presidency Monday, urging the Defense Department and Commerce Department to step up the United States’ ability to track objects in space and protect against the increasing threat from debris in orbit around the Earth. The U.S. military is already tracking more than 23,000 objects in […]
Read moreDropbox continued to climb on Monday, adding to last week’s gains. Shares of the cloud storage company rose more than 8 percent, hitting another all-time intraday high of $43.50. Piper Jaffray said in a Sunday note that its best explanation for the surge in Dropbox is that “investors are looking for new growth opportunities with […]
Read morePresident Donald Trump declared Monday he would move to make a new branch of the military focused solely on space. “I am hereby directing the Department of Defense and Pentagon to immediately begin the process necessary to establish a Space Force as the sixth branch of the armed forces,” Trump said during a meeting of […]
Read moreElon Musk hasn’t always been a top dog in Silicon Valley. In fact, when he first arrived in California in the ’90s, the now billionaire tech titan tried and failed to get a job at Netscape Communications, the company that created the first web browser, Netscape Navigator. Musk had moved to Silicon Valley to attend […]
Read more
Payment company Square got the green light from regulators Monday allowing New Yorkers to trade cryptocurrency on the rapidly-growing Cash app. While Square launched crypto trading through its payments app in late January, until this week that feature was unavailable in New York. “That was one of the missing pieces in their puzzle,” Nomura Instinet […]
Read more