With the passage of the GENIUS Act and growing momentum behind the CLARITY bills in Congress, regulatory clarity for digital assets is finally within reach—delivering the legal framework the crypto industry long demanded. But as that clarity arrives, are crypto incumbents the real winners? For years, the dominant narrative from the crypto industry was that … Read more
Major cryptocurrencies experienced two-way price action early Friday, as the dollar remained bid against major fiat currencies following President Donald Trump's announcement of new tariffs. Bitcoin (BTC) fell to $114,290, nearly testing the bullish trendline drawn off April and June lows, but has since recovered to trade near $115,900, according to CoinDesk data. Ether (ETH), … Read more
CMF Buds 2 and CMF Buds 2 Plus true wireless stereo (TWS) earphones were launched in India on April 28. Months after the launch, the Nothing sub-brand has finally confirmed the availability details of the earphones in the country. They come with Bluetooth 5.4 connectivity and have an IP55 rating for dust and splash resistance. … Read more
FTX, the once prominent crypto exchange, will begin the next round of cash redistribution on Sept. 30, the bankrupt firm said in a statement on Wednesday. The firm, which was led by founder Sam Bankman-Fried, started paying back its creditors earlier this year. FTX has repaid nearly $6.2 billion after getting approval for its redistribution … Read more
Good Morning, Asia. Here's what's making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas. Mistral AI recently offered a rare benchmark in the Artificial Intelligence … Read more
The government will break ground next month on its first semiconductor assembly plant and begin producing its first domestically manufactured microchips by the end of 2024, the Financial Times reported on Wednesday. IT minister, Ashwini Vaishnaw, said Micron Technology would start construction in August on a $2.75 billion chip assembly and test facility in Gujarat, … Read more
Flipkart Flagship Sale will take place this week. The domestic e-commerce company announced its discount sale with attractive deals on a wide array of products ahead of Independence Day. Flipkart is partnering with different lenders to provide discounts on payments through their cards during the sale. Smartphones from brands including Apple, Samsung, and Motorola are confirmed … Read more
India isn’t seen as a huge market for handheld gaming consoles. Nintendo doesn’t have an official presence here at all, Sony never really promoted the PS Vita, and there’s no hope of the Steam Deck coming in anytime soon. There clearly is some demand, evidenced by the easy availability of grey-market Nintendo Switch units, online … Read more
US-based card payments giant Mastercard is forging ahead with choosing and onboarding promising blockchain startups to join its Web3-focussed Smart Path programme. In a fresh development, the company has onboarded five new startups to be part of this initiative. In the coming months, Mastercard will work with these up-and-coming firms to explore how blockchain can … Read more
Samsung Electronics has been making a push towards local manufacturing in India, producing its robust lineup of smartphones in the country. Now, the South Korean technology conglomerate seems intent on making laptops in India, too. Samsung reportedly plans to start laptop production next month, giving a push to the centre’s Make in India scheme. With … Read more