Jeff Bezos Loses NASA Lawsuit and Rolling Stone Teams Up With Bored Ape Yacht Club in This Week’s Business and Crypto Roundup

While Ethereum and Solana reached all-time highs.

Tech 
3,174 Hypes 1 Comments

Many brands are starting to see a recovery despite the challenges initially brought on by the pandemic. Some businesses, especially ones that focused efforts on expanding e-commerce ventures, have even seen profits rise even higher than before.

HYPEBEAST has rounded up the top business and crypto stories of the week so you can stay in the know about trends across industries.

Business

1. Elon Musk offered to sell $6 billion USD of Tesla stock to ‘solve world hunger’

Last month, David Beasley, the director of the United Nations‘ World Food Program challenged Musk to donate a portion of his wealth to help alleviate the global hunger crisis on Twitter. Musk responded on Twitter, offering to sell $6 billion USD worth of Telsa shares if the UN’s World Food Program can describe exactly how the funds would “solve world hunger.”

2. Airbnb reports surge in Q3 profit by 280%

Airbnb reported that 79.7 million nights and experiences were booked in Q3. This quarter saw Airbnb hit its highest-ever revenue and net income despite cross-border and urban travel not returning to pre-pandemic levels just yet.

3. Facebook is shutting down its facial recognition software

Facebook announced that it would be shutting down its Face Recognition system and will no longer automatically identify people in photos and videos. As part of the change, more than a billion people’s individual facial recognition templates will be deleted from the company’s data systems.

4. Jeff Bezos’ Blue Origin lost its lawsuit against NASA over the billion-dollar lunar landing contract

The U.S. Court of Federal Claims ruled against Jeff Bezos’ Blue Origin space company in its bid to win a multi-billion dollar NASA space contract. Part of the space agency’s Artemis program, the winning company will get to develop the first commercial human lander that will eventually land two humans on the moon.

5. Meta acquired virtual reality fitness developer Supernatural

While financial details of the new deal have not been disclosed, the VR fitness subscription service will operate under Meta. Supernatural’s CEO Chris Milk will also be joining, pointing out that the acquisition will give his firm “more resources to expand.”

Crypto

1. Ethereum and Solana reached all-time highs 

Ethereum reached an all-time high of $4,674 USD on Wednesday while Solana soared to a record $247 USD, according to Coingecko. Several popular coins have hit all-time highs in recent weeks, including Bitcoin and memecoin Shiba Inu.

2. Binance is working to find the ‘Squid Game’ crypto scammers

Cryptocurrency exchange Binance has announced that it is investigating a scam involving a Squid Game-inspired digital coin called SQUID, which stole millions from its investors. Binance said that its security team has since launched an investigation into the matter “as a way to show our support for the wider crypto community.”

3. Crypto investors purchased a $250,000 USD cube that they can touch once a year

A collective of anonymous investors spent $250,000 USD worth of cryptocurrency on an NFT granting the ability to make a trip to Willowbrook, Illinois once a year for a supervised visit with a 2,000-lb tungsten cube. The owners will be able to see, photograph and touch the approximately 14-inch forbidden cube, which is currently a popular meme in the crypto world, on their annual visit.

4. NFT platform Bitski teamed up with streetwear label PLEASURES for virtual capsule

Bitski teamed up with streetwear brand PLEASURES for a capsule collection titled “WAGMI” — a crypto term short for “We’re All Gonna Make It.” The collection, composed of a hoodie, cap and dog tag necklace, features holographic accents and heavily features the WAGMI acronym across its digital pieces.

5. Rolling Stone featured a Bored Ape Yacht Club NFT on its digital cover

Rolling Stone announced its first-ever digital cover NFT created in partnership with Bored Ape Yacht Club (BAYC). The publication and BAYC will mint a digital cover image as an NFT, and will serve as one of two pieces from the collaboration that utilizes Rolling Stone’s logo.

 

View this post on Instagram

 

A post shared by Rolling Stone (@rollingstone)

Read Full Article

What to Read Next

NASA Launches Webb Telescope and Beeple Says We’re Already in the Metaverse in This Week’s Business and Crypto Roundup
Tech 

NASA Launches Webb Telescope and Beeple Says We’re Already in the Metaverse in This Week’s Business and Crypto Roundup

While Instagram plans to “double down” on video content in 2022.

Rolling Stone Unveils First Ever Digital Cover NFTs With Bored Ape Yacht Club
Music

Rolling Stone Unveils First Ever Digital Cover NFTs With Bored Ape Yacht Club

The full collection will feature seven pieces.

Jeff Bezos’ Blue Origin Loses Lawsuit Against NASA Over Lunar Landing Contract
Tech

Jeff Bezos’ Blue Origin Loses Lawsuit Against NASA Over Lunar Landing Contract

NASA awarded rival aerospace company, Elon Musk’s SpaceX, with a $2.9 billion USD contract.


Elon Musk Sells $5 Billion USD in Tesla Shares and Twitter Gets a Crypto Team In This Week’s Business and Crypto Roundup
Tech 

Elon Musk Sells $5 Billion USD in Tesla Shares and Twitter Gets a Crypto Team In This Week’s Business and Crypto Roundup

While the Steam Deck has been delayed until 2022.

Maharishi Mixes Technical and Natural Elements in Latest FW21 Drop
Fashion

Maharishi Mixes Technical and Natural Elements in Latest FW21 Drop

Encapsulating the brand’s “respect nature, utilize technology” ethos.

Ann Demeulemeester Named as Special Guest at Pitti Uomo 101
Fashion

Ann Demeulemeester Named as Special Guest at Pitti Uomo 101

Marking 40 years since the legendary designer entered the industry.

Palmes Tennis Society Spotlights Fall 2021 Collection in New Campaign
Fashion

Palmes Tennis Society Spotlights Fall 2021 Collection in New Campaign

Showcasing the label’s on- and off-court influences.

Aesop Releases “Anatomy of Generosity” Gift Kits
Fashion

Aesop Releases “Anatomy of Generosity” Gift Kits

Each kit corresponds to a selected charity.

Body of Work Launches Debut Made in Canada Sportswear Collection
Fashion

Body of Work Launches Debut Made in Canada Sportswear Collection

High-quality essential pieces.


JAY-Z Says Kanye West's Comments About 'The Blueprint' and Just Blaze Are "Unfair"
Music

JAY-Z Says Kanye West's Comments About 'The Blueprint' and Just Blaze Are "Unfair"

“Everyone had a contribution…I don’t think anyone was copying off of anyone.”

A$AP Rocky Gives New Music Updates and Reflects on 2019 Stockholm Arrest
Music

A$AP Rocky Gives New Music Updates and Reflects on 2019 Stockholm Arrest

Opening up in a recent ‘Desus & Mero’ interview.

Michael Jordan Is the Highest-Paid Athlete Ever With $2.62 Billion USD in Career Earnings
Sports

Michael Jordan Is the Highest-Paid Athlete Ever With $2.62 Billion USD in Career Earnings

No female athletes made it in the top 25 list.

Eight Deaths Have Been Confirmed at Travis Scott's Astroworld Festival
Music

Eight Deaths Have Been Confirmed at Travis Scott's Astroworld Festival

Astroworld is now canceled.

Soulja Boy Sounds off on Kanye West After 'Drink Champs' Interview
Music

Soulja Boy Sounds off on Kanye West After 'Drink Champs' Interview

Delivering some harsh words for Ye.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Looks like you’re using an ad-blocker

We charge advertisers instead of our readers. If you enjoy our content, please whitelist our site to show your support. We’d really appreciate it.

Whitelist Us

How to Whitelist Us

screenshot
  1. Click the AdBlock icon in the browser extension area in the upper right-hand corner.
  2. Under “Pause on this site” click “Always”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlock Plus icon in the browser extension area in the upper right-hand corner.
  2. Block ads on – This website” switch off the toggle to turn it from blue to gray.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlocker Ultimate icon in the browser extension area in the upper right-hand corner.
  2. Switch off the toggle to turn it from “Enabled on this site” to “Disabled on this site”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the Ghostery icon in the browser extension area in the upper right-hand corner.
  2. Click on the “Ad-Blocking” button at the bottom. It will turn gray and the text above will go from “ON” to “OFF”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the UBlock Origin icon in the browser extension area in the upper right-hand corner.
  2. Click on the large blue power icon at the top.
  3. When it turns gray, click the refresh icon that has appeared next to it or click the button below to continue.
screenshot
  1. Click the icon of the ad-blocker extension installed on your browser.You’ll usually find this icon in the upper right-hand corner of your screen. You may have more than one ad-blocker installed.
  2. Follow the instructions for disabling the ad blocker on the site you’re viewing.You may have to select a menu option or click a button.
  3. Refresh the page or click the button below to continue.