CoinShares Stock Debuts on Nasdaq After .2B SPAC Deal

CoinShares, a European-based digital asset manager, is slated to make its US public markets debut today following the completion of a special purpose acquisition company (SPAC) merger, highlighting the crypto industry’s deepening ties with public markets.The company announced Wednesday that it had finalized a previously announced business combination with Vine…

E-commerce giant Mercado Libre to Shut Down Mercado Coin

Latin American e-commerce platform Mercado Libre is reportedly phasing out Mercado Coin, launched in August 2022, which offered cashback and other perks to users.According to a Reuters report on Tuesday, users must sell or spend their loyalty coin balances through the Mercado Pago app before April 17. If no action is taken, the balances will be converted to Brazilian reals. Cointelegraph reached out to Mercado Libre for comment.Brazil has been the main market for Mercado Coin,…

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Caltech Finds Quantum Computers Need Far Fewer Qubits

Researchers at the California Institute of Technology theorize that a functional quantum computer may require far fewer qubits than previously thought, making it feasible for the first quantum computer to be deployed before the end of the decade. Caltech researchers, working with a Caltech-linked start-up, Oratomic, said that by reducing the…