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7:00-12:00: A Recap of Today’s Big News in Tech and Finance

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7: 00-12:00 Keywords: Coinbase, Twitter downsizing, Starbucks NFT, Bank of England
Summary of important updates during the afternoon on April 18th
In this article, we will take a l

7:00-12:00: A Recap of Today’s Big News in Tech and Finance

7: 00-12:00 Keywords: Coinbase, Twitter downsizing, Starbucks NFT, Bank of England

Summary of important updates during the afternoon on April 18th

In this article, we will take a look at the top news stories that made headlines in the tech and finance world from 7:00-12:00 today. From new cryptocurrency developments to the downsizing of a social media giant, we have got you covered.

Coinbase makes its public debut

As reported in multiple news outlets, cryptocurrency exchange Coinbase made its highly-anticipated debut on the Nasdaq stock exchange today. The initial public offering (IPO) saw Coinbase’s valuation soar above $100 billion, making it one of the biggest and most valuable public listings in history.

Twitter downsizes in India

In an unexpected move, Twitter announced today that it will be downsizing its operations in India. This comes as a result of increasing tensions between the social media giant and the Indian government, which have been at odds over how Twitter has handled recent political events in the country.

Starbucks embraces NFTs

In a move that highlights the growing mainstream acceptance of non-fungible tokens (NFTs), Starbucks has announced plans to launch a limited edition digital art collection that will be available exclusively on Nifty Gateway. The collection will feature unique images of Starbucks beverages and will be available for purchase using cryptocurrency.

Bank of England mulls digital currency

The Bank of England is reportedly considering the creation of its own digital currency, according to a report in The Guardian. The move would be a response to the growing trend of central banks around the world creating their own digital currencies, which could potentially offer consumers faster, safer and more convenient payment options.

Conclusion

From the debut of Coinbase on the stock market to a major downsizing by Twitter in India, important news events have occurred in the world of tech and finance over the last few hours. These events showcase the dynamic nature and the fast-paced developments within these industries, and highlight the importance of staying up to date in today’s world.

FAQs

Q1: What is Coinbase, and why is its public debut important?

Coinbase is a cryptocurrency exchange that allows users to buy, sell and trade various digital assets such as Bitcoin and Ethereum. Its public debut on the Nasdaq stock exchange is significant because it shows mainstream acceptance and legitimization of cryptocurrency as a viable asset class.

Q2: What are NFTs, and why is Starbucks embracing them?

NFTs, or non-fungible tokens, are unique digital assets stored on a blockchain that represent ownership of a particular asset, such as a piece of art or a collectible. Starbucks is embracing them as a way to offer customers a unique digital art collection that is available exclusively using cryptocurrency.

Q3: What are the potential benefits of a digital currency for consumers?

A digital currency issued by a central bank provides consumers with faster, cheaper and more convenient payment options. It also reduces the risk of fraud, and offers a more secure way to store money as compared to traditional physical currency.

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