Bitcoin ATM Operator CoinFlip to Explore Sale
CoinFlip, an operator of a global network Bitcoin ATMs, is in the early stages of weighing a sale as dealmaking in the cryptocurrency space heats up, people familiar with the matter said.
The Chicago-based company is working with a financial adviser to seek a buyer, according to the people. CoinFlip is considering seeking at least $1 billion in the sale, though it's unclear if it will be able to achieve that valuation, the people said.
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Associated Press
an hour ago
- Associated Press
NBA's talks about new league in Europe are continuing, though the process remains in early stages
OKLAHOMA CITY (AP) — The NBA's talks with FIBA and other entities about the process of adding a new league in Europe are continuing, Commissioner Adam Silver said, though he noted that it may take at least a couple more years to turn the ideas into reality. Silver spoke at a league event to unveil a refurbished Boys & Girls Club in Oklahoma City on Friday — an off day for the NBA Finals — and said it's difficult to put a specific timeline on the Europe plans. 'I will say it's measured in years, not months,' Silver said. 'So, we're at least a couple years away from launching. It would be an enormous undertaking. And while we want to move forward at a deliberate pace, we also want to make sure that we're consulting with all the appropriate stakeholders, meaning the existing league, its teams, European players, media companies, marketing partners. There's a lot of work to be done.' Silver and FIBA secretary general Andreas Zagklis announced in March that the league and the game's governing body are finally taking long-awaited steps to form a new league, with an initial target of 16 teams. It had been talked about for years, and decades even on some levels. And since the NBA and FIBA went public with their idea to move forward, talks have gotten more constructive, Silver said. Silver said the NBA has been talking directly with the EuroLeague and with some member clubs about a partnership. It's his preference that the NBA work with the existing league on some level, though it's still too early to say exactly what that means. 'Either way, we continue to feel there are an enormous number of underserved basketball fans in Europe and that there's a strong opportunity to have another league styled after the NBA,' Silver said. About one in every six current NBA players hails from Europe, including Denver's Nikola Jokic (Serbia) and Milwaukee's Giannis Antetokounmpo (Greece) — who have combined for five of the last seven MVP awards — along with the Los Angeles Lakers' Luka Doncic (Slovenia) and San Antonio's Victor Wembanyama (France). The NBA's board of governors will talk more about next steps with the European plans in July at their scheduled meeting in Las Vegas, Silver said. It's possible that the European venture could be unveiled in some way — or possibly start — around the 2028 Los Angeles Olympics, just given how much attention will be on international basketball at that time. 'That might be a good launching pad for an announcement around a new competition,' Silver said. Some of the cities that are expected to have interest in being part of the new venture include London, Manchester, Rome and Munich. There will be others, of course. 'We haven't had direct conversations yet,' Silver said. 'But there have been several organizations that have come forward and said they would be interested and potential owners in operating in those major markets in Europe.' ___ AP NBA:
TechCrunch
an hour ago
- TechCrunch
Trump fast-tracks supersonic travel, amid spate of flight-related executive orders
In Brief President Donald Trump signed an executive order Friday that directs the Federal Aviation Administration to lift the 52-year ban on supersonic flight over U.S. soil, marking a major policy shift that occurred just weeks after lawmakers introduced bipartisan legislation with the same aim. The order instructs the FAA to end the overland supersonic ban and create noise-based certification standards, allowing faster-than-sound travel as long as no audible sonic boom reaches the ground. 'The reality is that Americans should be able to fly from New York to LA in under four hours,' Michael Kratsios, the director of the White House Office of Science and Technology Policy, told reporters Friday. The move could help accelerate commercial supersonic flight development, including efforts by Boom Supersonic. In January, Boom's XB-1 demonstrator became the first privately developed civil aircraft to break the sound barrier over the continental U.S. Asked for comment Friday, Boom CEO Blake Scholl wrote 'Booooom!' in an email to TechCrunch. Added Scholl, 'The sound barrier was never physical — it was regulatory. With supersonic legalized, the return of supersonic passenger air travel is just a matter of time.' Trump also signed two other future-of-flight executive orders Friday: one to speed up drone commercialization and electric vertical takeoff vehicle development, and another to establish a federal task force on drone flight restrictions.
Wall Street Journal
an hour ago
- Wall Street Journal
The Republican at the Center of the War Between Trump and Musk
Caught in the middle of President Trump and billionaire Elon Musk's spectacular fallout is a Republican operative with close ties to both men. Katie Miller, 33, is a former Trump White House staffer married to White House deputy chief of staff Stephen Miller. Over the last year, she became a top adviser to Musk and worked at his side as he slashed and reshaped the federal government from his position as the leader of the Department of Government Efficiency.
