Coinbase has acquired One River Digital Asset Management to expand its services and leverage weak valuations in the digital asset industry. One River Digital Asset Management will become Coinbase Asset Management and operate as a fully-owned unit of Coinbase. The acquisition will provide institutional clients exposure to digital assets through investment products, and Eric Peters will continue to serve as CEO of Coinbase Asset Management and One River Asset Management. The move comes as the cryptocurrency exchange reported a fourth-quarter loss due to industry-wide downturn and regulatory scrutiny.
Investors have withdrawn over $6bn from Binance’s BUSD token in the past month amid regulatory scrutiny. New York’s financial regulator halted the issuance of the stablecoin due to unresolved issues with Binance’s relationship with Paxos, leading to BUSD in circulation falling by over a third. Analysts suggest that the outflow could affect Binance’s financial performance as BUSD is a significant part of its business. This comes as US authorities increase their scrutiny of the crypto industry, including stablecoins, which play a vital role in crypto trading. Coinbase also delisted BUSD due to no longer meeting listing standards.
Twitter users are facing issues with the site’s timeline, with many reporting that the “Following” timeline is not loading on both the web and mobile apps. Although the site itself is still accessible, the company has yet to provide any updates on the outage.
YouTube Music is set to introduce a new podcast service for its 80 million paid subscribers, offering background listening for podcasts and advanced audio tools for creators. Paid users will be able to enjoy the service without ads, while non-paying users will need to bear with ads during their podcast streams. YouTube Music’s new feature aims to compete with Spotify by providing enhanced library tools for creators and appealing to its paid subscribers with an ad-free experience. Discover more about YouTube Music’s new service in this report.
Meta has introduced its first paid verification service for Facebook and Instagram users in Australia and New Zealand, with the goal of testing demand for premium features and generating additional revenue. The service provides users with a verified badge that protects against impersonation, offers direct access to customer support, and increases visibility. With a subscription price of $11.99 on the web and $14.99 on iOS and Android platforms, the rollout is expected to be gradually implemented, reaching 100% availability within seven days. Discover more about Meta’s new service in this report.
Spotify’s latest feature is an AI-powered DJ that curates a personalized playlist, using artificial intelligence technology to offer a unique music experience. Discover how the new feature works, its benefits and how to try it out for yourself. Explore the future of music curation with Spotify and enjoy a more personalized, immersive, and engaging experience.
Read about Coinbase’s Q4 report in the midst of the cryptocurrency market downturn and major bankruptcies. Despite challenges, Coinbase saw a rise in subscription and services revenue. Learn more about the report here.
A first-generation iPhone in its original sealed box sold for over $63,000 at an auction, exceeding the estimated price by over $13,000. The 2007 phone had a larger storage capacity and was in pristine condition. Read on to learn more about this rare and collectible item.
Meta, the parent company of Instagram and Facebook, has announced the launch of a paid subscription service that will…
Microsoft has partnered with Parallels to enable the support of Windows 11 on Apple’s M1 and M2 Macs, allowing…
Counterpoint Research recently released a report that provides insights into the cost of manufacturing the iPhone 14 Pro Max.…
Opera to integrate AI-generated content services on its PC and mobile web browsing software. The new “ChatGPT-powered” AI feature…
Prosecutors express concern over FTX co-founder, Sam Bankman-Fried’s potential use of a VPN to conceal his online activities. A…
ValueAct Capital Management has acquired a stake in Spotify Technology SA, which is currently in the process of cost-cutting…