Uber Technologies Inc. will start offering helicopter rides in New York City starting July 9 as the ride-hailing giant finally takes to the skies. Called Uber Copter, the service offers helicopter rides between Lower Manhattan and JFK Airport complete with vehicle transfers at either end of each flight, according to The New York Times. The option doesn’t come ...

Fresh from launching a new electric moped service Tuesday, Bird Rides Inc. has acquired e-scooter sharing startup Scoot Networks Inc. according to an unconfirmed report published Wednesday. TechCrunch, quoting sources, claims that the deal is sealed but not announced. The price is unknown, but the report noted that Scoot has raised about $47 million to date, ...

The saying “Once bitten, twice shy” doesn’t always apply to cybersecurity. The latest example: Lab testing firm Laboratory Corp. of America Holdings, better known as LabCorp, revealed Tuesday that it has been hacked again 11 months after its last one. The latest LabCorp hack involved the theft of 7.7 million patient records that included patient names, dates ...

Facebook Inc. may launch its long-rumored cryptocurrency as soon as the end of this month, according to a report published Wednesday. The Information, quoting people familiar with the plan, said Facebook also plans to cede control of the cryptocurrency to “outside backers” in a move to encourage trust in the digital payments system and to ...

A new cryptocurrency wallet called ZenGo is launching today with the promise of being the first keyless wallet to offer decentralized security and distributed key management. Created by Kzen Networks Ltd., the ZenGo wallet is being pitched as the first secure user-controlled crypto wallet that can be adopted and used by anyone, removing what the company describes ...

Dutch cryptocurrency exchange Blockport N.V. has declared bankruptcy and will cease trading at the end of the month after failing to raise €5 million ($5.62 million) in a security token offering, a similar fundraising method to an initial coin offering but with security tied in. Founded in 2017, Blockport pitched itself as a “social crypto exchange” based on ...

Israeli automotive cybersecurity startup GuardKnox Cyber Technologies Ltd. today said it has raised $21 million in new funding to expand its research and development team and to expand global operations. The Series A round was led by Fraser McCombs Capital and included Faurecia, SAIC Capital (Shanghai Automotive), Glory Ventures, NextLeap Ventures, VectoIQ, Plug and Play, Allied, Cyphertech and ...

Sequoia Capital-backed electric scooter hire startup Bird Rides Inc. is expanding its services, adding electric moped sharing to its lineup. The mopeds, formally called the “Bird Cruiser,” are closer in appearance to an e-bicycle but with big wheels and seating for two. Formally Bird refers to them as an “electric vehicle.” Designed exclusively for Bird, the mopeds include a ...

The U.S. Securities and Exchange Commission has finally sued Kik Interactive Inc. for conducting an alleged illegal initial coin offering a week after the company itself started crowdsourcing donations for the fight. The SEC alleges that the ICO was illegal because Kik sold the tokens to U.S. investors without registering their offer and sale as required ...

The price of bitcoin fell sharply Monday, dropping below $8,000 briefly after having teased $9,000 as recently as May 26. The selloff has no clear reason, but CoinDesk at least suggested that it may be related to what it called “bull exhaustion.” The idea is that with bitcoin having risen precipitously since it broke through $4,000 in March and ...