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A UK startup is planning to develop a 'crypto pound' as the sector goes crazy for 'stablecoins'

The London Block Exchange plans to launch a new cryptocurrency pegged to the pound: LBXPeg. LBXPeg is a so-called "stablecoin" and they're booming in popularity in crypto.

LONDON — A UK startup has announced plans to launch a new cryptocurrency pegged to the British pound as interest in so-called "stablecoins" booms.

The London Block Exchange, which does over-the-counter crypto trades and is building a crypto exchange and card, said on Friday that it had received permission from an unnamed banking partner to launch a new cryptocurrency, dubbed the LBXPeg, backed by reserves of UK sterling. The one-for-one reserves will be held in an account at the third party bank.

Facebook sinks after admitting it was hacked (FB)

Facebook shares tumbled Friday after the social-media network disclosed that it was hacked earlier this week. The flaw, which was discovered on Tuesday, allowed hackers to access nearly 50 million users' accounts, Facebook said. A Taiwanese hacker, Chang Chi-yuan, announced Wednesday that he found bugs on Facebook and would live stream how to use the flaw and delete CEO Mark Zuckerberg's Facebook account. He backed down on Friday. Watch Facebook shares trade in real time here.

HBO Sports exec says the future of the network will be 'high access, high ambition' programming now that it's dropping boxing after 45 years

HBO recently announced that it would soon stop broadcasting professional boxing matches after 45 years. In an interview with Business Insider, HBO Sports Executive Vice President Peter Nelson detailed some of his programming plans going forward. Nelson said the goal is to do “high access, high ambition” programming going forward, like the Bill Simmons-produced "Andre the Giant" documentary and LeBron James' "The Shop" show, which will feature Drake in the next episode.


Thursday marked a major pivot for HBO when the network announced that it will no longer feature professional boxing content.

Terrence Howard thinks Marvel could have a 'huge franchise' if he returned as War Machine, but says 'f--- 'em'

During an interview on "Watch What Happens Live with Andy Cohen," Terrence Howard said that Marvel "could have a huge franchise" if he returned to play James Rhodes/War Machine in the Marvel Cinematic Universe. But he's not interested: "F--- 'em," he said. Howard played Rhodes in "Iron Man," but was replaced by Don Cheadle in "Iron Man 2," who has been in the role since then.


Actor Terrence Howard has zero interest in ever returning to the Marvel Cinematic Universe.

In an interview with Andy Cohen on "Watch What Happens Live" on Thursday, Howard said that fans still ask whether he would return to his role as James Rhodes, a.k.a. War Machine, in the Marvel Cinematic Universe. He sounded confident in the commercial possibilities of it, but he's done with Marvel.

Facebook announced it got hacked and 50 million accounts were compromised. Here's how to tell if you were affected. (FB)

Facebook was hacked through a vulnerability in the site's "View As" feature. As a result, Facebook reset users' accounts to protect their security. Nearly 50 million people were affected by the hack, and Facebook reset the accounts of another 40 million users as a "precautionary step." For now, the "View As" feature will not be available to use, and trying to use it will result in an error message.

News of a hack affecting 50 million Facebook users made waves Friday among the social network's more than 2 billion monthly active users.

A vulnerability in the site's "View As" feature, which lets users see what their profile looks like from someone else's view, allowed an attacker to steal access tokens that would provide entry to people's personal accounts, Facebook said in a blog post.

GM just dethroned Tesla to take back its spot as the most-valuable US automaker (GM, TSLA)

General Motors reclaimed its crown as the most valuable American automaker on Friday after Tesla shares plunged more than 13% in the wake of the Securities and Exchange Commission's lawsuit against Elon Musk. General Motors ended Friday's session with a market cap of about $47.44 billion, while Tesla's was at $45.22 billion, according to Bloomberg data.  On Thursday, the Securities and Exchange Commission sued Tesla CEO Elon Musk for making "false and misleading statements" about his claim that he could take the electric-car maker private at $420 a share.  Watch General Motors and Tesla trade here in real time.

Every bizarre thing that has happened since Elon Musk tweeted that he had 'funding secured' to take Tesla private (TSLA)

Tesla CEO Elon Musk has attracted controversy for his statements on August 7 about taking Tesla private. The announcement, which took a lot of people by surprise, started a wild few weeks of speculation and accusation, with Musk at the center. On August 24, Musk formally abandoned the go-private plan and said Tesla would remain a public company.

Tesla CEO Elon Musk shocked observers when he said on August 7 that he was thinking about taking the company private.

That plan came to an abrupt conclusion on August 24, when Musk and Tesla

Only 24% of mobile users who downloaded DC's new streaming app have actually paid for a subscription, according to a new study

According to a Sensor Tower study, the DC Universe mobile app has been downloaded by over 140,000 users since September 9 on Google Play and the App Store. But just 24% of them have actually paid for a subscription. The study estimated that in-app subscriptions have brought in approximately $185,000. The app has performed significantly better on Google Play than on the App Store, according to the study.


New analysis from mobile-data insights firm Sensor Tower, provided to Business Insider, says that the DC Universe app for DC Entertainment's new streaming service has been installed by around 143,000 iOS and Android users — but just 24% of them have subscribed and paid for the service. 

The release date for the next 'X-Men' movie, 'Dark Phoenix,' has been changed for the second time

Fox, the movie studio behind the "X-Men" franchise, has changed the release date for "Dark Phoenix" for the second time. The movie has been pushed back from February 2019 to summer 2019. The change comes less than two days after the first trailer for the movie debuted.


Less than two days after the first trailer premiered, the release date for the next "X-Men" movie has been pushed back — again.

Rather than coming to theaters on February 14, the movie has been moved to the busy summer blockbuster season on June 7 (via

The FDA just approved a new treatment for a common form of skin cancer (REGN, SNY)

The FDA just approved a new treatment for an advanced form of skin cancer. The drug, Libtayo, is a checkpoint inhibitor, a kind of drug that's part of a new class of cancer medications known as immunotherapy. It's made by Regeneron and Sanofi.  It's the first treatment ever approved for patients with advanced cutaneous squamous cell carcinoma, the FDA said in a release Friday. 

The Food and Drug Administration just approved a new treatment for a form of skin cancer. 

The drug, Libtayo, is made by Regeneron and Sanofi, and it's part of a new type of cancer treatment known as cancer immunotherapy. Immunotherapy harnesses the power of the immune system to help it identify and knock out cancerous cells.