Racing To Fix Wall Street: ICE, Cryptocurrencies And Enterprise Blockchain

The race to fix Wall St now includes ICE, parent of NYSE, which is embracing cryptocurrencies. This renders many of Wall St’s enterprise blockchain projects obsolete as ICE moves to natively-digital blockchain assets, a big positive. But investors should be wary of off-chain bitcoin substitutes.

Employee email explains Elon Musk’s plan to take Tesla private

Tesla CEO Elon Musk has sent out an email to employees explaining his plan—first disclosed in a cryptic tweet—to turn Tesla into a privately held company.

“As a public company, we are subject to wild swings in our stock price that can be a major distraction for everyone working at Tesla,” Musk wrote. “Being public also subjects us to the quarterly earnings cycle that puts enormous pressure on Tesla to make decisions that may be right for a given quarter but not necessarily right for the long-term.”

US securities law draws a distinction between private and public companies. Public companies are companies whose shares are available for purchase by anyone on public markets like the New York Stock Exchange and the NASDAQ. Public companies often have thousands of shareholders—ranging from huge pension plans and mutual funds to ordinary retail investors.

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Hailstorm kills two animals and injures 14 people at a zoo in Colorado

Two animals died and 14 people were injured after hailstones reported to be the size of baseballs hit a zoo in Colorado.

Pimco’s Ivascyn says time for defensive approach at Pimco Income Fund

Dan Ivascyn, the group chief investment officer at Pacific Investment Management Co (Pimco), said it is time for a more defensive approach at the Pimco Income Fund.

Apple Again Promotes Apple Pay Cash in New ‘Just Text Them the Money’ Ad

Apple today shared a new ad in its recent “Just Text Them the Money” ad campaign for Apple Pay Cash, this time focusing on how easy it is to sent cash to other people following a group dinner.

Like other ads in this series, the “Dinner” video features a text-only conversation where one participant uses the Apple Pay Cash feature to send another money. In this funny little spot, two people send the same $55 back and forth to one another, fighting over who gets to pay for dinner.

Today’s 18-second ad is the fifth in the “Just Text Them the Money” campaign, with Apple having introduced the first four ads in mid-July. These short ads will be used on TV and on social media sites like Instagram and YouTube.

Apple first introduced Apple Pay Cash in iOS 11.2, allowing iPhone and iPad users to send peer-to-peer Apple Pay payments to one another using the Messages app. Money received via Apple Pay Cash can be used for Apple Pay payments or deposited in a bank account, much like other mobile peer-to-peer payment services like Venmo.

At the current time, Apple Pay Cash is a feature that’s limited to the United States, and Apple has not provided details on when it will expand to other countries.

Related Roundup: Apple Pay

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