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
Last June, when the US Supreme Court overturned Roe vs Wade, women started deleting period-tracking apps from their phones. With abortion set to become illegal in certain states, they feared the data might be used to prosecute those seeking terminations. Was this an overreaction, or simply the realisation that we have entered the age of
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
In a “base case” scenario, Galaxy Digital’s research unit has tipped the burgeoning Bitcoin nonfungible token (NFT) market to hit a $4.5 billion market cap by March 2025. Bitcoin NFTs, or Ordinals, have attracted a significant amount of attention since the Ordinals protocol launched in late January, enabling users to inscribe data such as images,
Sex education in kindergartens, freezing the eggs of single women to counter population decline, three-day weekends — these are some of the more unusual delegates’ proposals for China’s biggest annual political extravaganza, the “two sessions”. Lacking official backing and unlikely to be adopted, the ideas are a relatively freewheeling part of the meetings in Beijing,
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
Brussels has said it wants enough manufacturing capacity for clean technologies within the bloc to meet two-fifths of domestic needs while allowing EU governments to override environmental considerations in order for key projects to go ahead. In a draft proposal seen by the Financial Times, the European Commission said that in five key sectors —
The comedian Eddie Izzard used to do a standup routine about showers. In particular, the fine art of getting the water temperature right. Turn the dial a tad too far to one side, and you sustain third-degree burns. A fraction too much the other way, and you enter the sort of cryogenic stasis that messianic
On March 2, 2023, FTX debtors released their second stakeholder presentation, which contains a preliminary analysis of the now-defunct cryptocurrency exchange’s shortfalls. The latest presentation reveals a significant shortfall, as approximately $2.2 billion of the company’s total assets were found in FTX-related addresses, but only $694 million is considered “Category A Assets,” or liquid cryptocurrencies
Chancellor Jeremy Hunt is to spend about £3bn in his March 15 Budget to shield UK households from higher energy bills, but new economic forecasts mean he will have little room for big giveaways. The chancellor has been handed draft forecasts by the UK fiscal watchdog showing the economy will barely meet his fiscal rule
A Saudi prince whose palatial London residence is on the market for £250mn after it was repossessed is being sued by a second lender over alleged missed payments on a private Boeing 787 jet. An Irish subsidiary of China Minsheng Bank is claiming at least £30mn in unpaid bills and interest on the business jet
S&P Global Ratings on Friday revised the outlook on Reedy Creek Improvement District, Florida’s general obligation bonds to stable from developing. S&P also affirmed the AA-minus long-term rating on the district’s outstanding GOs, saying the rating reflects the strong tax base, very strong collection rates and consistent financial performance. “The outlook revision reflects recent state
The Financial Conduct Authority has been blamed by some UK officials and SoftBank staff for London losing out to New York on the blockbuster stock market listing of chip designer Arm. SoftBank, the Japanese owner of the Cambridge-based semiconductor company, this week dashed Rishi Sunak’s hopes of retaining the homegrown tech giant, rejecting entreaties from
Municipals were firmer in spots Friday, with pressure easing for short-end munis, ahead of a robust new-issue calendar where issuance tops $10 billion. U.S. Treasuries rallied out long, and equities ended up. Triple-A benchmark yields were bumped three to 12 basis points, depending on the scale, at one-year, while UST yields fell four to 13,
Since Wael Sawan took charge at Shell two months ago, staff and investors say he has been focused on one thing above all others: its share price. Shell’s stock rallied 37 per cent last year as it made a record $40bn in profits from the turmoil in energy markets unleashed by Russia’s full-scale invasion of
The biggest selling point for the UK stock market in recent months has been its slow, steady, boring nature. This is a quality that should not be taken for granted. The era dominated by whizz-bang, US tech-led stocks is fading. Sure, it made a good shot at reasserting itself in the final months of last
According to statistics, the number of bitcoin bridged to the Avalanche blockchain saw a significant inflow on March 2, as more than 2,000 bitcoin were bridged on that day. Data further shows that as of Friday, March 3, a total of 8,504 bitcoin worth $190.9 million was bridged over to the Avalanche network. Bitcoin Bridged
On the face of it, TikTok makes for an unlikely threat to national security. With its snackable, seconds-long videos of viral dances and comical voice-overs, it is one of the most used apps in the west, and embedded in the culture of a generation of young people. It now claims more than 1bn users worldwide
Bitcoin (BTC) is leading the cryptocurrency markets lower and the matter is being exacerbated by Silvergate Banks’ ongoing issues. This week the cryptocurrency-focused bank said that it needed additional time to file its annual 10-K report and warned that it may not be able to operate for another 12 months. Reacting to this news, several cryptocurrency
Legislation seeking to end government contracts with companies engaged in “boycotting” an expanded list of industries and business policies passed the Utah House and Senate late Thursday. Senate Bill 97 builds on laws previously enacted in Texas and a few other states focusing on “boycotts” of the fossil fuel or firearm industries by adding timber,
New Jersey Gov. Phil Murphy unveiled his executive budget proposal for fiscal year 2024, a record $53.1 billion plan that takes into account the state’s expectation for a shallow and short recession by holding off on large new initiatives while boosting reserves and addressing long-term obligations. “This budget will better prepare New Jersey for any