Fred Ehrsam (left) cofounded Coinbase, the listed crypto exchange.
Tammy Perez/Getty Images
Coinbase cofounder Fred Ehrsam said 90% of NFTs will be worthless in three to five years.
Ehrsam told Bloomberg TV that people shouldn't dismiss meme crypto token dogecoin.
He helped found Coinbase, the listed crypto exchange, but left in 2017.
Sign up here for our daily newsletter, 10 Things Before the Opening Bell.
Coinbase cofounder Fred Ehrsam said 90% of NFTs will eventually be worthless, and that p
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Coinbase's cofounder said 90% of NFTs will soon be worthless and people shouldn't dismiss dogecoin in an interview. Here are the 8 best quotes.
-
OnlyFans is reportedly in talks to raise new funding at a valuation above $1 billion, as it plots a move away from adult content to become more mainstream
OnlyFans is reportedly seeking funding to be a $1 billion company
Unruly Agency/OnlyFans/Samantha Lee/Business Insider
OnlyFans is seeking funding at a valuation of more than $1 billion, sources told Bloomberg.
The site wants to focus on becoming mainstream and move away from adult content, one source said.
It also wants celebrities and athletes to be able to connect with fans, the sources said.
See more stories on Insider's business page.
Adult-entertainment site OnlyFans is reportedly in talk -
Elon Musk hits back at Kraken CEO's claim that bitcoin is greener than people say - renewing his criticism of the cryptocurrency
Tesla CEO Elon Musk is hugely influential in the crypto world.
Maja Hitij/Getty Images
Elon Musk hit back at Kraken CEO Jesse Powell, who said bitcoin is greener than people think.
Musk questioned where Powell was getting his data, reviving an argument in the bitcoin community.
Tesla isn't taking bitcoin payments, but said it will resume them when mining gets greener.
Sign up here for our daily newsletter, 10 Things Before the Opening Bell.
Elon Musk has hit back at the chief executive of the K -
Billionaire investor Bill Ackman helped pressure Pornhub into taking down millions of unauthorized videos, report says
Bill Ackman.
REUTERS/Richard Brian
Bill Ackman helped to pressure Pornhub into purging unauthorized videos.
Ackman texted then-Mastercard CEO Ajay Banga about the issue, Institutional Investor reported.
Mastercard and Visa swiftly cut ties with Pornhub, and the site deleted 80% of its videos.
See more stories on Insider's business page.
Billionaire investor Bill Ackman helped to pressure Pornhub into removing millions of unauthorized videos from its website, Institutional Investor reported this -
Body language expert says Putin's lack of eye contact and tapping fingers showed impatience, while Biden was more open
President Joe Biden andPresident Vladimir Putin meet for a summit at Villa La Grange in Geneva, Switzerland, June 16, 2021.
Kevin LaMarque/Reuters
A communications expert watched Putin and Biden interacting for clues about how their summit went.She told the BBC that the power balance seemed equal, though Biden was more eager to engage.
Putin's tapping fingers and leaning-back pose gave the sense he wanted the summit to end, she said.
See more stories on Insider's business page.
A body language -
Victoria's Secret abandons its scantily dressed Angels, saying they are no longer 'culturally relevant.' Activists and entrepreneurs will be the new faces of the brand, it says.
Models Gisele Bündchen,Alessandra Ambrosio, and Karlie Kloss are among its former Angels.
AP Photo/Francois Mori
Victoria's Secret CEO said its Angels were no longer "culturally relevant."
The brand said Wednesday that it's partnering with activists and entrepreneurs for its new image.
Victoria's Secret has been working hard to overhaul its brand image after years of criticism.See more stories on Insider's business page.
Victoria's Secret is abandoning its Angels.The lingerie giant said We -
Global stocks tumble, gold slides after the Fed signaled it could hike rates sooner than expected
Getty Images / Xinhua News Agency
Global stocks slid Thursday after the Fed signaled interest rates may rise earlier than seen.
Gold sank as the US dollar gained strength on the back of the Fed forecast.
Brent crude and WTI steadied as oil's recent rally slowed.
Sign up here for our daily newsletter, 10 Things Before the Opening Bell.
Global stocks slid on Thursday morning, as gold prices sank and the dollar strengthened, after the Federal Reserve signaled a rise in US interest rates could come -
Costa Rica rejected a Chinese vaccine, saying it is not effective enough, as China's shot come under increased scrutiny
A nurse prepares a shot of COVID-19 vaccine on May 7, in Escazu, Costa Rica
Arnoldo Robert/Getty Images
Costa Rica said Wednesday that will not purchase the Sinovac vaccine from China.Officials said that data showed that it was not effective enough against the coronavirus.Some places using China's other vaccine - Sinopharm - have had unexpected surges in virus cases.
See more stories on Insider's business page.
Costa Rica's vaccination advisory board turned down China's Sinovac vaccine, describ -
Top Stories this AM: The GOP-ers who voted against Juneteenth; from the Capitol riot to Nevada's capital; see you at the spider pocalypse
Good morning and welcome to your weekday morning roundup of the top stories you need to know.For more daily and weekly briefings, sign up for our newsletters here.What's going on today: A book report for a better sentence. A woman who pleaded guilty to involvement in the Jan. 6 insurrection told a judge she watched the Holocaust film "Schindler's List" to "educate herself." Anna Morgan Lloyd, 49, from Indiana, pleaded guilty to a picketing charge at the Jan 6 riot. She submitted movie and book r -
The SEC has delayed its decision to sign off a bitcoin ETF a second time, citing concerns over potential market manipulation
US Securities and Exchange Commission chairman Gary Gensler
Alex Wong/Getty Images
The SEC has delayed a decision on whether to approve a VanEck bitcoin ETF, it said Wednesday.The watchdog pushed back its ruling in late April.
The SEC said it had outstanding questions relating to potential manipulation in the bitcoin market.See more stories on Insider's business page.
The US securities regulator has delayed a decision on whether to approve a bitcoin exchange-traded fund (ETF) for a second time, -
Video shows a Chinese spacecraft carrying 3 astronauts successfully docking with part of its new space station
A still from footage of a Chinese spacecraft docking with part of its space station.
Twitter/People's Daily
Three astronauts have docked with part of China's new space station.
The spaceship carrying them docked with the Tianhe module on Thursday.
China's building its own station, due to be complete by the end of 2022.
See more stories on Insider's business page.
A spaceship carrying three Chinese astronauts has successfully docked with part of the country's new space station.The state-backed P -
GOP House campaign will begin accepting cryptocurrency donations - the first national party committee to do so
Rep. Tom Emmer, chairman of the NRCC.
Bill Clark/CQ Roll Call
The National Republican Congressional Committee (NRCC) will accept cryptocurrency donations, it told Axios.
BitPay will process crypto donations into US dollars before transferring into the NRCC's account.
This makes the NRCC the first national party committee to agree to crypto contributions.
See more stories on Insider's business page.
The Republicans' House campaign arm will start accepting donations in cryptocurrency, Axios first -
Proud Boys leader Enrique Tarrio says he started selling Black Lives Matter and anti-Trump T-shirts after card-processing companies refused to work with his other businesses
Enrique Tarrio, leader of the Proud Boys.
Eva Marie Uzcategui Trinkl/Anadolu Agency via Getty
Proud Boys leader Enrique Tarrio told The Wall Street Journal about the group's financial problems.
Tarrio said he has struggled to make money as card processors keep refusing to work with his group.
He said he found a loophole by starting a secret business to sell political T-shirts to liberals.See more stories on Insider's business page.
Protesters at Black Lives Matter and anti-Trump demonstrations -
Microsoft CEO Satya Nadella is now also the company's chair, becoming the first person since Bill Gates to hold both roles at the same time
Microsoft CEO Satya Nadella may be on a "the M&A warpath" analysts say. Insider asked analysts which companies and startups might be next.
Reuters/Lucas Jackson
Microsoft's board elected CEO Satya Nadella to be the company's chair on Wednesday.
The last person to hold both positions at the same time was Bill Gates in 2000.
Nadella has recently tried to distance himself from Gates' leadership style.
See more stories on Insider's business page.
Microsoft's board elected Satya Nadella, the com -
German biotech CureVac's stock plunges 50% after its COVID-19 vaccine candidate failed a clinical trial
Artur Widak/NurPhoto via Getty Images
CureVac lost more than half its value after its COVID-19 vaccine jab showed 47% effectiveness.
Results were based on clinical trials conducted in Latin America and Europe on about 40,000 volunteers.
The company attributed its results to 29 virus strains in the 10 countries where its trials took place.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.
CureVac's shares tumbled by as much as 50% in Thursday's pre-market trading session af -
El Salvador asks World Bank for help implementing bitcoin - but gets rejected over the token's climate impact
El Salvador is making bitcoin legal tender alongside the US dollar.
Jose Cabezas/Reuters
El Salvador requested the World Bank's help in making bitcoin legal tender in the country.
But the international organization swiftly rejected the plea, citing climate and crime concerns.
The Central American nation is the world's first to officially adopt the cryptocurrency.
Sign up here for our daily newsletter, 10 Things Before the Opening Bell.
El Salvador has asked the World Bank for help implementing -
Kim Jong Un warned that North Korea is running out of food as reports say a bunch of bananas now costs $45
North Korean leader Kim Jong Un speaks at a party meeting in Pyongyang, North Korea, in this undated photo released on June 16, 2021 by state media.
KCNA via Reuters
North Korea is experiencing food shortages thanks to typhoons and the COVID-19 pandemic.Kim Jong Un said the situation was "tense," state media reported.
The country is expected to be 1.35M tons short of food this year, one South Korean think tank said.
See more stories on Insider's business page.
Kim Jong Un has warned that North -
Kim Jong Un warned that North Korea is running out of food as reports say a bunch of bananas now cost $45
North Korean leader Kim Jong Un speaks at a party meeting in Pyongyang, North Korea, in this undated photo released on June 16, 2021 by state media.
KCNA via Reuters
North Korea is experiencing food shortages thanks to typhoons and the COVID-19 pandemic.Kim Jong Un said the situation was "tense," state media reported.
The country is expected to be 1.35M tons short of food this year, one South Korean think tank said.
See more stories on Insider's business page.
Kim Jong Un has warned that North -
WeWork cofounder Adam Neumann is reportedly spending $44 million on 2 Miami Beach properties, months after selling his San Francisco 'Guitar House' compound
Former WeWork CEO Adam Neumann.
Michael Kovac/Getty Images for WeWork
Adam Neumann is buying two plots of land for $44 million on Miami Beach, the seller told the WSJ.
The WeWork cofounder will have 50,000 square feet of land and multiple boat slips, the seller said.
Neumann's purchase comes months after he sold his compound in San Francisco's Bay Area.
See more stories on Insider's business page.
WeWork cofounder and former CEO Adam Neumann is set to buy two properties for $44 million on Miami -
Amazon attacks social-media firms over its fake-review problem, saying they need to spend more money rooting out phony-review groups on their platforms
Amazon CEO Jeff Bezos.
AP Photo/Charles Krupa
Amazon published a blog post Wednesday about fake reviews.
It said "bad actors" were increasingly soliciting fake reviews on social-media platforms.
Amazon said social-media companies needed to invest more in tools to root out this behavior.
See more stories on Insider's business page.
Amazon said in a blog post Wednesday that its fight against fake reviews was hampered by sluggish social-media companies.Amazon said that its systems to detect and bl -
Amazon attacks social-media firms over its fake-review problem, saying they need to spend more money rooting out phoney-review groups on their platforms
Amazon CEO Jeff Bezos.
AP Photo/Charles Krupa
Amazon published a blog post about fake reviews on Wednesday.
It said "bad actors" were increasingly soliciting fake reviews on social-media platforms.
Amazon said social media companies needed to invest more in tools to root out this behavior.
See more stories on Insider's business page.
Amazon said in a blog post on Wednesday that its fight against fake reviews was hampered by sluggish social media companies.Amazon said its systems to detect and b -
Popeyes is rolling out its first-ever loyalty program and giving out a free apple pie when you sign up. Here's how to get yours.
Popeyes is a major player in the chicken sandwich wars
Popeyes
Popeyes is introducing a new loyalty app where you earn points based on how much you spend.
You can get a free apple pie, side, or drink just for registering.
On Popeyes Rewards, spending $20 gives you enough points for a free portion of fries or mashed potatoes.
See more stories on Insider's business page.
Popeyes is rolling out its first-ever loyalty program - and you can get a free apple pie, side, or drink just for registering.C -
10 Things in Politics: Biden and Putin's dueling press conferences
Welcome back to 10 Things in Politics. Sign up here to receive this newsletter. Send tips to [email protected] or tweet me at @BrentGriffiths.Programming note: There will be no newsletter tomorrow as Insider observes Juneteenth. I will then be on vacation next week enjoying the College World Series. We have some great guest authors who will fill in starting Tuesday. Thanks again for waking up with us!Here's what we're talking about:Putin savored the global spotlight after his meeting with B -
Voting issues for meme stocks - Wall Street home-buying controversy - New-look fintechs
Lucky-photographer/ShutterstockGood morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:So-called meme stocks get the benefit of an influx of retail traders, but many of the new investors aren't participating in proxy voting. Executives at Stash, DailyPay, and HMBradley detail why they invested in new brands and logos.Medline's roughly $34 billion buyout could set the stage for a string of more large-scale M&A. Insider Finance will be off on Fri -
Coinbase adds Polkadot's DOT to its selection of tradable cryptocurrencies, fueling the bull case for ethereum's closest rival
Coinbase Co-founder and CEO Brian Armstrong speaks onstage during Day 3 of TechCrunch Disrupt SF 2018 at Moscone Center on September 7, 2018 in San Francisco, California.
Photo by Steve Jennings/Getty Images for TechCrunch
Coinbase has added polkadot's dot to its Pro trading platform, the company said Wednesday.The polkadot network allows different blockchains to link up to transfer data and assets.
Native token DOT, used to secure the network, has surged 200% over the past year.See more storie -
Video shows Osama bin Laden's niece waving a flag saying 'Trump won' on a lake outside the Biden-Putin summit
Noor bin Ladin protesting in Geneva.
Twitter/The Recount
Noor bin Ladin protested on Lake Geneva during Biden and Putin's meeting.
She waved a "Trump won" flag.
Last year she came out as Trump supporter, and has denounced the 9/11 attacks.
See more stories on Insider's business page.
Osama bin Laden's niece waved a flag that said "Trump won" on a lake outside the villa President Joe Biden and Russian President Vladimir Putin met on Wednesday.Noor bin Ladin came out last year as a supporter of P -
Biden accidentally called Putin 'President Trump' at his post-summit press conference, then corrected himself
President Joe Biden speaking at a press conference in Geneva following his meeting with President Vladimir Putin.
C-SPAN
Biden made a blunder when he started calling Putin "President Trump" on Wednesday.
He made the error at a Geneva press conference following a summit with Putin.
See more stories on Insider's business page.
President Joe Biden slipped up after meeting President Vladimir Putin, accidentally calling the Russian leader "President Trump."Biden quickly corrected himself and moved o -
Gold slides almost 3% after the Fed hints at faster rate hikes, sending investors hunting for yield
lionvision/Getty Images
Gold slid by 2.8% on Thursday after Fed officials indicated chances of two interest rate hikes in 2023.
A more hawkish Fed stance weighed on equities, while the US dollar and bond yields rose.
Higher interest rates drive investors away from safe-haven assets to higher-yielding investments.
Sign up here for our daily newsletter, 10 Things Before the Opening Bell.
Gold prices fell almost 3% on Thursday, marking their largest one-day slide since January, after the Federal Re -
10 things in tech: Zuck's no longer a top CEO, Google salaries, Apple health clinics
Drew Angerer/Getty ImagesGood morning and welcome to 10 Things in Tech. If this was forwarded to you, sign up here. Let's get started.1. Companies like Amazon, Twitter, and Goldman Sachs are pursuing vastly different post-pandemic office policies. Some are embracing an all-remote workforce, while others are encouraging employees to return to their office desks. Here's what some of the world's biggest companies have planned.2. Mark Zuckerberg has fallen off Glassdoor's top 100 CEOs list for the f -
El Salvador asks World Bank for help implementing bitcoin - but quickly gets rejected over mining's climate impact
El Salvador is making bitcoin legal tender alongside the US dollar.
Jose Cabezas/Reuters
El Salvador requested the World Bank's help in making bitcoin legal tender in the country.
But the international organization swiftly rejected the plea, citing climate and crime concerns.
The Central American nation is the world's first to officially adopt the cryptocurrency.
Sign up here for our daily newsletter, 10 Things Before the Opening Bell.
El Salvador has asked the World Bank for help implementing -
A woman who pleaded guilty to involvement in the Jan. 6 insurrection told a judge she watched the Holocaust film 'Schindler's List' to 'educate herself'
Rioters supporting President Donald Trump stormed the Capitol in Washington on January 6.
AP Photo
The attorney for a Capitol rioter said she watched "Schindler's List" to "educate herself" after January 6.
Anna Morgan Lloyd, 49, pleaded guilty to one charge of picketing in the Capitol.
Lloyd submitted a movie review to support her plea for a probationary sentence.
See more stories on Insider's business page.
A Capitol rioter who pleaded guilty to a charge related to the insurrection said she w -
A woman who pleaded guilty to involvement in the Jan. 6 insurrection told a judge she had since watched the Holocaust film 'Schindler's List' for education
Rioters supporting President Donald Trump stormed the Capitol on January 6.
AP Photo
The attorney for a Capitol riot suspect said she watched "Schindler's List" to "educate herself."
Anna Morgan Lloyd, 49, pleaded guilty to one charge of picketing in the Capitol.
Lloyd submitted a movie review to support her plea for a probationary sentence.
See more stories on Insider's business page.
A woman who pleaded guilty to a charge related to the January 6 insurrection says she watched movies including -
Boxer, attorney, and former reality TV star Joey Gilbert was at the Capitol on Jan 6. He's now campaigning to be governor of Nevada.
Joey Gilbert was spotted outside the US Capital during the January 6 riots. He is now running for governor of Nevada.
Joey Gilbert
Joey Gilbert was seen on video taking part in the January 6 riot outside the Capitol.He announced his campaign to run for governor of Nevada, running on the promise of "election integrity."
Jason Riddle, who was charged in relation to the Capitol riots, is also running for office in New Hampshire.
See more stories on Insider's business page.
Nevada attorney and form -
Here are the 14 House Republicans who voted against making Juneteenth a federal holiday
Legal experts expect any Biden Supreme Court nominee would face GOP resistance.
Katherine Frey/The Washington Post via Getty Images
The bill to make Juneteenth a federal holiday received bipartisan support in both chambers.
In the House, all 14 votes in opposition came from GOP members.
Some said it co-opted the Fourth of July, and others thought another federal holiday would be too costly.
See more stories on Insider's business page.
The House of Representatives, on Wednesday, passed legislati -
Airbnb deals with thousands of sexual-assault allegations every year, but manages to keep many out of the public eye, report says
Ute Grabowsky/Photothek via Getty Images
Ex-Airbnb employees told Bloomberg the company faces thousands of sexual-assault claims annually.
Bloomberg's investigation revealed Airbnb has kept many of those cases out of the public eye.
Payouts, arbitration, and NDAs have helped Airbnb avoid scrutiny on safety issues, Bloomberg found.
See more stories on Insider's business page.
Former Airbnb employees said that the company deals with thousands of sexual-assault allegations every year, and that the -
ORG CHARTS: View the most important people and power structures at companies like Netflix, Google and JPMorgan
JPMorgan CEO Jamie Dimon sits at the top of the bank's org chart.
Mike Blake/Reuters
Org charts plot out the power structure at companies.Insider has been assembling these for the past year for companies like Netflix, Microsoft and JPMorgan, and we update them frequently.See more stories on Insider's business page.
Organizational charts plot out the most powerful people at companies and the structure that links them together. Here's a summary of the ones our reporters have pulled together using -
House passes bill to make Juneteenth a national holiday and sends it to Biden's desk to be signed into law
A 2019 Juneteenth parade in Milwaukee.
Photo by Dylan Buell/Getty Images for VIBE
The House on Wednesday passed a bill to make Juneteenth a national holiday.
June 19 marks the day people who were enslaved in the US were emancipated.
The Senate passed the bill on Tuesday, and it now heads over to Biden's desk for his signature.
See more stories on Insider's business page.
The House on Wednesday passed bipartisan legislation to make June 19, known as Juneteenth, a national holiday celebrating the -
Democrats are weighing moving immigration reform to help finance Biden's infrastructure plans without GOP support
Senator Tim Kaine, D-Va., speaks during a hearing, with the Senate Committee on Health, Education, Labor, and Pensions, on the Covid-19 response, on Capitol Hill on March 18, 2021.
Anna Moneymaker-Pool/Getty Images
Tim Kaine said Democrats could potentially include immigration reform provisions to pay for infrastructure.
"That could be a very legitimate way to look at trying to find a balanced package," he said.
Some immigration provisions, however, could run into trouble given strict rules gov -
Watch China launch 3 taikonauts to its new space station on Wednesday night - the country's first human spaceflight in 5 years
Chinese astronauts Nie Haisheng, Liu Boming, and Tang Hongbo speak at a press conference at Jiuquan Satellite Launch Center in Gansu province, China, June 16, 2021.
Carlos Garcia Rawlins/Reuters
China plans to launch three taikonauts to its new space-station module on Wednesday night.
The Chinese astronauts are set to spend three months aboard the Earth-orbiting Tianhe module.
It's the third of 11 planned launches to build China's space station, set for completion in 2022.
See more stories on I -
How the influencer-marketing agency Mediakix unraveled
When directed to the Mediakix Instagram account, a "user not found" error pops up.
Screenshot/InstagramHi, this is Amanda Perelli and welcome back to Insider Influencers, our weekly rundown on the business of influencers, creators, and social-media platforms. Sign up for the newsletter here.In this week's edition:How the influencer-marketing agency Mediakix unraveledInfluencer boxing has been lucrative for creators, but messy for organizersHow much a TikTok creator with 1.6 million followers ma -
The man who got the FBI's fake messaging app off the ground says pulling off one of the biggest police stings in history wasn't the only goal
The FBI partnered with law enforcement around the world to target suspected drug and gun traffickers with a fake messaging app.
The FBI
Authorities arrested hundreds of suspected criminals after tricking them into using an FBI-controlled chat app.
The former prosecutor who oversaw the operation told Insider the sting warned criminals that encrypted technology can't hide their wrongdoing.
He wouldn't expand on whether extremist groups that organize over encrypted apps should heed the warning, to
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