07032014 Downtown Express

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VOLUME 27, NUMBER 2

JULY 3-JULY 16, 2014

DOWNTOWN EXPRESS ADDS MORE SISTER NEWSPAPERS

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B Y J O SH RO G E R S

ennifer Goodstein, the owner of Downtown Express and NYC Community Media, and her husband Les Goodstein have agreed to buy Community Newspaper Group, which publishes 11 community newspapers in Brooklyn, Queens and the Bronx. “This is an exciting time as we expand to the outer boroughs,” Express publisher Jennifer Goodstein said of the purchase from News Corp. “My priority will remain the papers serving Lower Manhattan and Gay City News. From an editorial standpoint, the papers remain committed to serving the residents of Downtown Manhattan. Our sales and marketing team is eager to offer our advertisers great opportunities to reach new markets through the C.N.G. newspapers, magazines and websites.” In addition to the Express and Gay City News, NYC Community Media also publishes The Villager, Chelsea Now and the East Villager. Les G o o d ste i n c r e ate d Community Newspaper Group as an executive with News Corp. in 2006 and ran it until 2013. “Besides my love of newspapers, it was an honor to complete this transaction with News Corp.,” he said in a statement. “I look forward to the continued success of the Community Newspaper Group. Both my wife and I are members of the community and are pleased to continue serving the readers of Manhattan, Brooklyn, Queens and the Bronx. We plan to expand local coverage with local news important to the neighborhoods we serve.” Continued on page 14

Downtown Express photo by Milo Hess

Hopping at the Seaport A shorter River to River festival wrapped things up last weekend after 11 days, but there’s plenty to do Downtown this July 4th weekend (Page 6) and along Water St. this summer (Page 13). Although things were hopping at the Seaport last Saturday, there were some Southbridge Towers residents who complained about the noise from the stage.

Bitcoins by the Big Board B Y Z ACH W IL L IAMS Bitcoins have not made it to Wall St. yet, but the fledgling digital currency has a home a few doors down from the New York Stock Exchange at the Bitcoin Center NYC. Enthusiasts regularly congregate at 40 Broad St. on Monday and Thursday nights for informal currency trading which commences after the ringing of a small brass bell at 7 p.m. The exchange of ideas carries equal intellectual weight for newcomers as well as hardcore software engineers. Lower Manhattan hosts the only Bitcoin center in the United States, said the center’s spokesperson, Alex

Palantzas. A “BTM” remains on display though center visitors cannot use it because of current laws against money laundering. But the imitations on the spread of bitcoins may not last long, Plantzas added. “We expect to consolidate ourselves as the best physical location to learn about digital currencies, present new forms of digital currencies. Once the state issues the ‘Bit’ licenses, we will be involved in more activities and hopefully we can expand into more physical locations in the U.S. and abroad,” he said. The details surrounding the invention of Bitcoin by a Japanese computer programmer named Satoshi remain

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unclear. Bitcoin references the computer software and network, which create and track the provenance of bitcoins, while the lowercase plural word refers to the digital currency. Commercial transactions occur through the use of a smart phone application which manages the transfer of funds from buyer to seller through the use of a “QR code,” a digital standard which utilizes black and white squares to form internet addresses. All transactions are anonymous, irreversible and utilize encryption to minimize the risk of fraud. One bitcoin currently equals about Continued on page 9


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