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Restaurant Operators On Life Before, During And After COVID-19

PYMNTS

Restaurants are tough businesses to operate, even in the best of times — 60 percent fail within their first year, and 80 percent within their first five. Yi said the impact of COVID-19 caught Zoku Sushi “completely flat-footed” by the nearly overnight shutdown that came to its base of operations in Midtown Manhattan. They went home.

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Bitcoin Daily: Bitcoin Stock Dips At Vaccine News; Crypto Licensing Bill Proposed In NJ; TradeStars Launches New Fantasy Sports Stocks Token

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Good news for restaurants, physical retail — and consumers — but bad news for delivery apps, quick-service restaurants (QSRs), streaming services, and apparently bitcoin, although many expect this dip to be temporary, reported CoinDesk. Meanwhile, New Jersey Sen.

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Citigroup Ponders Suburban Satellite Offices 

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The country’s third-largest bank is said to be looking into leasing furnished office space on a short-term basis, possibly in New Jersey, Long Island or Westchester County. . The Philadelphia-based private real estate investment management firm owns buildings in northern New Jersey as well as in Stamford, Connecticut.

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Bitcoin Daily: Avanti Preparing To Apply For Banking Charter; NJ Lawmaker Introduces Regulatory Rules On Crypto

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Meanwhile, a New Jersey lawmaker has introduced a bill that would require cryptocurrency firms to obtain a license before being able to operate, according to Coin Telegraph. Assemblywoman Yvonne Lopez introduced the Digital Asset and Blockchain Technology Act on Feb.

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Blue Apron’s Move To NJ Facility Affecting 24 Percent Of Its Workforce

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Just one month after its IPO, Blue Apron is closing a New Jersey facility and moving 1,270 jobs to a larger site opening in the state later this year. According to Bloomberg Technology , more than half of the employees at the Jersey City facility have decided to move to Linden, New Jersey, a company spokeswoman said.

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Online Gambling Player Rush Street Wins Support of Blank Check Firm To Go Public

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Chalk up another major deal for blank check companies, one of Wall Street’s hottest new trends, with online gambling and sports betting company Rush Street Interactive ’s announcement that it will be going public. The blank check operation that will take Rush Street Interactive public fits the profile.

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MGM Resorts Admits To 2019 Hack

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MGM Resorts International, a hotel and casino operator, admitted it had experienced a data breach following a report saying information on 10.6 A technology website called ZDNet originally reported the data breach and passed along the 10.6 MGM Resorts has been at the forefront of digital operations, especially when it comes to eSports.

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