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Why the $2 trillion crypto market crash won’t kill the economy

[CNBC, Getty Images] Economists and bankers tell CNBC they aren’t worried about the crypto sell-off hurting the broader U.S. economy.“People don’t really use crypto as collateral for real-world debts. Without that, this is just a lot of paper losses. So this is low on the list of issues for the economy,” said Joshua Gans, an […]

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Free school lunches for all set to end, creating ‘perfect storm’ amid high inflation

[NBC NEWS, Getty Images] Congressional child nutrition waivers that allowed for free meals in school and other food assistance measures are expiring June 30. Advocates say it couldn’t come at a worse time. A federal waiver that made school breakfasts and lunches free to students regardless of their family’s income is set to expire June […]

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Seth Green pays $260,000 ransom for a stolen Bored Ape Ethereum NFT meant to feature in his new TV show: report

[Business Insider] Seth Green has paid 165 Ether ($260,000) for the return of a Bored Ape NFT stolen last month.The actor told BuzzFeed News that the ape “is home,” with records showing the purchase.The NFT, “Bored Ape NFT #8398,” is set to feature in Green’s new show called “White Horse Tavern.” Actor Seth Green has […]

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Jack Dorsey and Jay-Z Launch Free Bitcoin Academy to Lift NYC Public Housing Residents

[Bloomberg] The men are funding a Bitcoin-focused education program for residents at the rapper’s childhood home. Hip-hop mogul Jay-Z and Block CEO Jack Dorsey are teaming up to take Bitcoin and financial education to the rapper’s childhood home. Dorsey announced the launch of Bitcoin Academy on Thursday. The financial education program will be free for residents living at the […]

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eBay’s new vault facilitates digital trading of your non-fungible physical items

[The Verge, eBay] Buy / sell trading cards as quickly as NFTs Consider dusting off your attic shoeboxes filled with baseball cards; eBay might have a new home for some of them soon. The pioneering online marketplace site built a new 31,000-square-foot facility, called the eBay Vault, which is open now to house graded trading cards that […]

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Bored Ape Is Going Hollywood

[GQ, Señor Salme] It’s already the world’s most coveted NFT collection, but the Bored Ape Yacht Club is becoming something else: highly lucrative I.P. With buyers racing to make their apes the stars of movies and books and albums and shows, GQ goes inside the quest to cash in on a decentralized version of Disney. […]

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Man in Wig Throws Cake At Glass Protecting Mona Lisa

[Bloomberg] Paris (AP) — A man seemingly disguised as an old woman in a wheelchair threw a piece of cake at the glass protecting the Mona Lisa at the Louvre Museum and shouted at people to think of planet Earth. The Paris prosecutor’s office said Monday that the 36-year-old man was detained following Sunday’s incident […]

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He thought he was logging in to his cryptocurrency account. Then hackers stole his life savings.

[NBC NEWS] A few days before Christmas last year, Philip Martin sat in front of his computer to check his cryptocurrency balance. It was the beginning of what would become, for him, an ongoing nightmare. Martin told NBC News he thought he was typing the web address for his cryptocurrency exchange, Coinbase, the biggest and best-known company […]

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America is running out of baby formula because 3 companies control the market and babies aren’t that profitable

[Fortune] A baby formula shortage gripping the U.S. since March has parents in a panic over where and when they’ll be able to find the products they need to feed their kids. The out-of-stock rate, representing the amount of formula that’s not in stock compared to what’s typically available, was 43% for the week ending […]

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