Kik Interactive Sued by SEC Over Unregistered Crypto Sales


Zuck’s bucks. The troubles of some cryptocurrencies, as Adam just discussed, isn’t deterring others from launching. Facebook plans to offer its own digital payments vehicle later this month. The Facebook virtual coinage will be available in the company’s apps and at ATM-like machines. Employees working on the project will even be able to take their salaries in the new digital moolah. A digital experiment at JPMorgan Chase, however, is ending. The bank will kill Finn, its online and mobile banking service aimed at younger customers, a year after launching it nationally.

Gee whiz, that Mr. Lincoln, there he is. Forget car rides and rented scooters, how about flying across the city in a helicopter? That’s the plan Uber is testing in New York City. Flights from a downtown Manhattan heliport to JFK Airport will cost about $200, Uber says. Speaking of the friendly skies, Amazon is moving forward with drone delivery tests using a newly-designed craft that combines features of a helicopter and a plane. “The tech industry is abuzz about drones, but not all drones are created equal,” Jeff Wilke, head of Amazon’s consumer business, said as the drone was unveiled at the company’s re:MARS conference on Wednesday.

Speeding up. Now that you’re all excited about flying around with your packages, don’t be sleeping on scooters. Scooter service Bird is buying smaller rival Scoot, as the field continues to consolidate. Last year, Lyft bought Motivate and Uber bought JUMP. No purchase price info on Scoot yet, though the startup was valued at over $70 million in its last round of venture capital. As far as bikes that don’t actually go anywhere, exercise service Peloton says it has filed confidentially to go public. The company, last valued privately at $4 billion, won’t be disclosing financial details until later down…

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