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Photo: Omar Marques/SOPA Images/LightRocket via Getty Images

Intercontinental Exchange, which owns the New York Stock Exchange, is opening a new cryptocurrency management company, according to the Verge.

Why it matters: The new company, Bakkt, could lend some legitimacy to cryptocurrency, which has "been marred by hoaxes and even reports of price manipulation," per the Verge. The Swiss investment bank UBS published a report concluding that the price of a single coin would need to sit around $213,000 for Bitcoin to be viable as a money supply; it currently sits at $7,000.

The details: The company will "hold and manage people's cryptocurrency," and be operated by Microsoft cloud tech, per the Verge.

What's next: Bakkt plans to "begin offering services in November," and will be announcing more details in the coming weeks.

Go deeper: Cryptocurrency markets grapple with insider trading.

Go deeper

1 hour ago - Health

Black churches become vaccine hubs

A woman arrives at a COVID-19 vaccination clinic outside the Pennsylvania Avenue Baptist Church in southeast D.C. Photo: Jacquelyn Martin/AP

Black pastors have a new job on their plates during COVID-19: encouraging skeptical congregants to get vaccinated.

Why it matters: “There’s distrust in our community. We can’t ignore that,” Rev. James Coleman of D.C.'s All Nations Baptist told AP.

Biden names USPS board of governors nominees, as Democrats put pressure on DeJoy

United States Postal Service Postmaster General Louis DeJoy at a Feb. 24 committee hearing. Photo: Graeme Jennings/pool/AFP via Getty Images

President Biden on Wednesday nominated a former postal union lawyer, a vote-by-mail advocate, and a former deputy postmaster general to sit on the Postal Services' Board of Governors.

Why it matters: The nominations, which require Senate confirmation, come as some Democrats call for Postmaster General Louis DeJoy's ouster and others push for Biden to nominate board members to name a new postmaster general.

Kendall Baker, author of Sports
Updated 2 hours ago - Sports

Tiger Woods crash: What we know

Photo: Wally Skalij/Los Angeles Times via Getty Images

Tiger Woods underwent emergency surgery to repair damage to his right leg and ankle, after he was involved in a single-vehicle accident on Tuesday in which his SUV ran off the road.

What we know: The golf star "is currently awake, responsive and recovering in his hospital room" at Harbor-UCLA Medical Center, according to a late-night statement from his team.