uber

Uber and Lyft former executive Travis VanderZanden announced the launch of a Bitcoin-linked savings token called BUCK, which aims to provide users with an approximate target annual return of 7%.

According to Jinshi reports, at the opening of the U.S. stock market, the Dow Jones Industrial Average fell by 0.68%, the S&P 500 index fell by 1.12%, and the Nasdaq Composite Index fell by 1.58%. Tesla (TSLA.O) dropped about 3% after the Norwegian sovereign wealth fund decided to veto Musk's trillion-dollar compensation plan. Uber (UBER.N) fell over 8%, despite Q3 revenue exceeding expectations, but the Q4 adjusted core profit guidance was slightly below expectations. Cryptocurrency concept stocks generally declined, with Riot Platforms (RIOT.O) and Robinhood (HOOD.O) both down about 5%, and Coinbase (COIN.O) falling over 4%.

ChainCatcher news, according to Bitcoin News, early Uber investor Jason Calacanis urged investors to buy Bitcoin directly instead of investing through shares of Strategy (MSTR). He stated that Michael Saylor's investment approach carries risks and predicted that there is a 75% chance he will be proven right.

ChainCatcher news, according to Bitcoin News, Uber CEO Dara Khosrowshahi believes that Bitcoin is a validated commodity, and stablecoins can facilitate international transactions.

ChainCatcher news, according to Bloomberg, Uber CEO Dara Khosrowshahi stated at the Bloomberg Technology Conference in San Francisco that the company is considering using stablecoins to reduce operational costs. He believes that the development of stablecoins is very promising, especially for global companies.Uber is a globally recognized American technology company that primarily provides ride-hailing services, food delivery, and freight services.

ChainCatcher news, according to Decrypt, Jacob Irwin-Cline, a visitor from Portland, Oregon, encountered a premeditated theft during a brief stay in London's West End. Around 1:30 AM on May 9, he called an Uber after leaving The Roxy nightclub in Soho, but was intercepted by a fake driver who knew his name. The driver offered a cigarette laced with scopolamine (a sedative that keeps victims awake but makes them suggestible), causing Irwin-Cline to inadvertently provide his phone password and access to his crypto accounts.The assailant directly accessed his wallet, stealing approximately $72,000 worth of XRP tokens, $50,000 in Bitcoin, and other small cryptocurrencies, with total losses exceeding $123,000. The police are investigating the case, but no arrests have been made yet.

ChainCatcher news, Uber and Robinhood early investor Jason Calacanis questions GameStop's Bitcoin reserve strategy, suggesting that this approach may just be a gimmick without a viable business model.Jason Calacanis stated, "If you are a public company that can't come up with a business model, then buy Bitcoin; if Strategy co-founder Michael Saylor wants to buy $1 trillion worth of Bitcoin, that might be a good suggestion."However, Saul Rejwan, managing partner of early cryptocurrency venture firm Masterkey, believes that the role of Bitcoin as a corporate reserve asset is no longer marginalized, and for companies looking to hedge against inflation, Bitcoin is becoming an option.

ChainCatcher news, Jason Calacanis, an early investor in Uber and Robinhood and a well-known angel investor, posted on the X platform stating that Bitcoin has been monopolized by some giants in the market, and now is the best time to create a better Bitcoin, "the game needs to be reset." However, Jason Calacanis's viewpoint seems to have sparked differing opinions in the industry. Swan Bitcoin co-founder Brady Swenson stated that Bitcoin is a technological revolution that changes all industries, rather than following a single technology adoption curve like the iPad. Bitcoin, as a value transfer protocol, will never be replaced, but the competition for layer two protocols is still ongoing.

ChainCatcher news, Ohio gubernatorial candidate and entrepreneur Vivek Ramaswamy stated at the "Bitcoin For America" summit that the return on holding Bitcoin for over ten years has become the new high-risk benchmark yield. He believes the world is returning to an "era of capital scarcity," which contrasts with the massive money printing by the Federal Reserve over the past 15 years.Ramaswamy explained that institutional investors will once again need to consider the issue of "opportunity cost of capital" and establish benchmark yields for low-risk and high-risk investments. He pointed out that the benchmark for low-risk investments is the 10-year U.S. Treasury bond, while the benchmark for high-risk investments is the return on Bitcoin over a 10 to 15-year period."Bitcoin and what it represents, not only as a financial asset but also in fulfilling people's desire for symbols of American greatness," Ramaswamy stated, "is a more suitable asset for filling our national strategic reserves at the national level."

ChainCatcher news, according to Bloomberg, several tech industry executives plan to attend Donald Trump's presidential inauguration this month, indicating that the tech industry is seeking to strengthen its relationship with the new government. OpenAI CEO Sam Altman, Meta CEO Mark Zuckerberg, and Uber CEO Dara Khosrowshahi have all confirmed their attendance at related events.Coinbase Global Inc. stated that CEO Brian Armstrong has been invited to participate in inauguration-related events, including the presidential dinner. In addition to Altman, OpenAI President Greg Brockman and Chief Product Officer Kevin Weil also plan to attend the inauguration.Furthermore, Meta and Amazon have each donated $1 million to Trump's inauguration fund and are shifting towards more favorable platform rules by adjusting policies such as weakening content moderation. Altman personally donated $1 million to the Trump inauguration fund and stated that collaborating with the new government is crucial during this key period for the development of artificial general intelligence (AGI).

ChainCatcher news, a man impersonating an Uber driver in Scottsdale, Arizona, has been arrested for allegedly stealing a total of $300,000 in cryptocurrency from two passengers.According to the police, the man borrowed the passengers' phones while picking them up and used the phones to transfer funds and operate cold wallets, stealing crypto assets from multiple Coinbase accounts. In the case, the man also threatened one victim, telling them to "calm down, or bad things will happen."

ChainCatcher news, the latest data from Infinite Market Cap shows that as XRP's market capitalization continues to reach new highs, it has surpassed Uber and Siemens, rising 68 places to 114th in the global asset market capitalization ranking.The data shows that the current market capitalization of XRP is approximately $154.22 billion, with a 24-hour increase of 41.77%, while Siemens has a market capitalization of about $153.36 billion and Uber stands at $153.19 billion.

ChainCatcher news, according to Jinshi reports, 8 informed sources revealed that Trump's transition team is considering a former Uber executive and three current or former Republican congressmen (one of whom is now a Fox News host) to lead the U.S. Department of Transportation.Three sources stated that Trump's donor, tech entrepreneur with social ties to Musk, and former Uber executive Emil Michael has emerged as a leading contender.Seven sources mentioned that other candidates include Missouri House Representative and Chair of the Transportation and Infrastructure Committee Sam Graves, outgoing Louisiana Republican Congressman Garret Graves, and former Wisconsin Congressman Sean Duffy, who is currently a Fox News host.

ChainCatcher news, OpenAI has hired former Uber executive Scott Schools as its first Chief Compliance Officer to support the startup's efforts to adapt to emerging global regulations surrounding artificial intelligence. Schools' most recent position was Chief Ethics and Compliance Officer at Uber, and he previously served as Deputy Attorney General of the United States. This hiring comes as regulators on both sides of the Atlantic weigh policies regarding OpenAI and other companies' cutting-edge artificial intelligence models.

ChainCatcher news, according to CoinDesk, the decentralized AI infrastructure platform Mira has hired former Uber executive Ninad Naik as Chief Product Officer.The Mira team stated that Ninad will lead product innovation in his new role, helping Mira expand global AI access through decentralized technology. Previously, Ninad was the global head of core market products for food and grocery delivery at Uber, and before joining Uber, he held several general manager and product leadership positions in AI, hardware, and marketplace businesses at Amazon.

ChainCatcher news, according to BITCOINLFG, Uber CEO Dara Khosrowshahi hopes to accept Bitcoin and cryptocurrencies as payment methods.