The Sketchy Plan to Build a Russian Android Phone
Amid isolating sanctions, a Russian tech giant plans to launch new Android phones and tablets. But experts are skeptical the company can pull it off. Powered by...
Digital Assets Under Management 5.25% Higher in February — Grayscale Still ‘Most Dominant Player’
The value of digital assets under management (AUM) for digital asset investment products in February rose to $28.3 billion, the highest number recorded since May 2022, according to Cryptocompare stats. The increase came against the background of rising U.S. Securities and Exchange Commission (SEC) enforcement actions against crypto industry players. Bitcoin and ethereum continue to account for the lion’s share of the digital assets...
Warren Buffett-Backed Neobank Nubank Launches Own Currency Nucoin
Warren Buffett-backed Nubank, a Brazil-based neobank that debuted crypto trading options back in May 2022 on its platform, has announced the launch of nucoin, its own cryptocurrency. Part of the first batch of the currency, issued on top of Polygon’s network, will be issued to its customers as an airdrop, and for cashback purposes. Nubank Launches Nucoin Cryptocurrency Warren Buffett-backed Nubank, one of the biggest digital neobanks...
India’s Central Bank Digital Currency Will Act as Alternative to Cryptocurrency, Says RBI Official
An official of India’s central bank, the Reserve Bank of India (RBI), says that the country’s central bank digital currency (CBDC) will act as an alternative to cryptocurrency. He stressed that the digital rupee must possess all the attributes of physical currency, including anonymity. India’s CBDC Update Reserve Bank of India (RBI) Executive Director Ajay Kumar Choudhary provided some updates on India’s central bank digital currency...
Coinbase Acquires One River Digital to Expand Institutional Access to Crypto Assets
Cryptocurrency exchange Coinbase has acquired One River Digital Asset Management, an institutional digital asset manager and registered investment adviser with the Securities and Exchange Commission (SEC). This acquisition allows Coinbase “to expand institutional access to digital assets,” the crypto exchange said. Coinbase Expanding Institutional Access to Crypto Coinbase (Nasdaq: COIN) announced Friday that it has acquired One River...
