CNBC.com’s Mackenzie Sigalos presents the headlines of the major business news of the day. In today’s show, Keith Rooney explains Ethereum’s spectacular growth in 2021 and how it differs from other cryptocurrencies like Bitcoin. Additionally, Robert Frank reveals what we know and don’t know about how Bill and Melinda Gates’ divorce will affect their charitable foundation.
Ethereum is hitting a new record above $ 3400, increasing its growth by over 300% this year.
GUANGZHOU, China – Ether, a digital coin linked to the Ethereum blockchain, hit a record high of $ 3,456.57 as the crypto continues to rally, causing its price to rise more than 350% this year.
According to CoinDesk, the digital coin cut some of that profit in Tuesday morning trading in London and was trading at $ 3,369.74 at 11:20 am.
Interest in cryptocurrencies has skyrocketed over the past year, and Bitcoin is constantly hitting new records. Its rise was driven by a number of factors, including rising institutional interest and the purchase of digital coins by large companies such as Tesla.
Bill Gates and Melinda Gates divorce after 27 years
Bill Gates, co-founder and former CEO of Microsoft, and his wife, Melinda French Gates, said on Twitter on Monday that they would split in 27 years. They will continue to work together on philanthropy focused on education, gender equality and health.
“After much thought and a lot of work on our relationship, we made the decision to end our marriage,” wrote Bill and Melinda Gates in a statement that Bill Gates tweeted.
Apple’s conflict with Facebook dates back to the days of Steve Jobs, as emails show
The email disclosed by Epic Games in a lawsuit against Apple provides an earlier context for Facebook and Apple’s battle over its App Store.
Last August, Facebook said Apple’s App Store rules prevent it from releasing its Facebook Gaming iPhone app the way it wanted.
Facebook COO Sherrill Sandberg said the company had to remove the portion of the app that was used in games – the app point – to secure Apple App Store approval for the iPhone.
Now, emails between three former Apple executives, including Steve Jobs, from 2011 show that a similar conflict between Apple and Facebook was likely one of the reasons behind the delay in releasing the Facebook iPad app over a decade ago.